Innova Captab Ltd (BOM:544067)

Q2 2026 Innova Captab Ltd Earnings Call Transcript

Nov 9, 2025 / 05:30 AM GMT

Transcript

Key Points

Positve

Innova Captab Ltd (NSE:INNOVACAP) reported a robust year-on-year revenue growth of 19.5% for both Q2 and H1 FY26, reaching INR 380 crore and INR 732 crore respectively.
The company achieved an EBITDA growth of 8% in Q2 FY26 and 17% in H1 FY26, with EBITDA margins remaining around 15%.
Successful inspections of the cephalosporin plant in Baddi by the UK MHRA and the Jammu facility by Ukraine's SMDC highlight the company's adherence to global quality standards.
The branded generic business recorded an accelerated year-on-year growth of 31% in Q2 FY26 and 43% in H1 FY26, driven by product expansion and enhanced market efforts.
Innova Captab Ltd (NSE:INNOVACAP) has a strong order book and anticipates continued growth momentum, supported by operational efficiencies and potential API price stabilization.

Negative

The company faces challenges from declining API prices, which have impacted the CDMO business.
A reduction in GST rates from 12% to 5% has adversely affected the company's short-term financial benefits, particularly impacting the Jammu facility.
The company had to revise its revenue guidance for the Jammu facility from INR 400 crore to approximately INR 270-280 crore due to API price corrections and GST changes.
Working capital days increased by 12 days, attributed to investments needed to sustain ongoing growth patterns.
There is increased compliance pressure from domestic regulators, potentially leading to longer approval timelines and impacting the ramp-up of new facilities.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

INNC.NS - Innova Captab Ltd
Q2 2026 Innova Captab Ltd Earnings Call
Nov 10, 2025 / 05:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Enova Cabtab Limited Q2 and H1F526 earnings conference call.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing, then 0 on a touchstone phone. Please note this conference is being recorded.

Before we begin a disclaimer, this conference call may contain forward-looking statements about the company which are based on the beliefs, opinion, and expectations of the company as on date of this call. The statements are not the guarantees of the future performance and involved

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