Dishman Carbogen Amcis Limited — Investor Meet, 11-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Dishman Carbogen Amcis reported a strong Q2 FY26. Revenue was INR 652.6 Cr, with EBITDA at INR 149 Cr (22.8% margin), and PAT at INR 65 Cr. The financial results for the quarter and half-year show H1 EBITDA grew 64.4% to INR 289.5 Cr. CDMO segment saw 25.3% margins, driven by high-margin late Phase 3 supplies.

The company expects 8-10% revenue growth and 20% EBITDA margin for FY26, targeting INR 3,000 Cr CDMO revenue by FY27. Strategic integration of finance, sales, and IT is underway. The French facility's breakeven is targeted for the next fiscal year. Bavla site utilization is low but expected to ramp up significantly from FY27. Debt reduction in India is a key focus, with fundraising of INR 500-700 Cr planned to address it. Management is confident in future growth from ADCs and integrated offerings.