Mumbai, Nov. 6 -- Revenue from operations for the period under review declined 8.83% year-on-year (YoY) to Rs 2,043.72 crore. The YoY performance was impacted by inventory destocking by a customer in one large CDMO order.

EBITDA fell 44% YoY to Rs 224 crore in Q2 FY26 from Rs 403 crore in Q2 FY25. The EBITDA margin contracted to 11% in Q2 FY26 from 18% in the corresponding quarter last year.

The company reported a pre-tax loss of Rs 46.18 crore in the September 2025 quarter, compared with a profit before tax of Rs 120.12 crore in the same period last year.

On a half-year basis, the company reported a consolidated net loss of Rs 180.92 crore in H1 FY26, compared with a net loss of Rs 66.05 crore recorded in the same period last year, wh...