Dishman Carbogen Amics Ltd (NSE:DCAL)

Q2 2026 Dishman Carbogen Amcis Ltd Earnings Call Transcript

Nov 5, 2025 / 10:30 AM GMT

Release Date Price: ₹297.6

Transcript

Key Points

Positve

Dishman Carbogen Amics Ltd (BOM:540701) reported a strong quarter with impressive operating and cash profits.
The company achieved a significant increase in EBITDA margins, reaching 22.8% for Q2 and 21.3% for the first half of the year.
The CDMO segment showed substantial growth, contributing 78% of the total revenue in Q2.
The company has successfully expanded its sales force in China and the US, enhancing its market presence.
A new collaboration with a Swiss company for antibody production is expected to enhance service offerings and client acquisition.

Negative

Revenue for the quarter was lower compared to the exceptionally high Q2 of the previous financial year due to deferred orders.
The French subsidiary is still incurring EBITDA losses and is not expected to break even until it reaches €18 million in revenue.
Interest costs remain high, particularly in India, impacting overall financial performance.
The company's working capital cycle is around 80 days, with significant inventory holding requirements.
The utilization of the Babla site is currently low, at about 20-25%, indicating underutilization of capacity.

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

DSHM.NS - Dishman Carbogen Amcis Ltd
Q2 2026 Dishman Carbogen Amcis Ltd Earnings Call
Nov 05, 2025 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, ladies and gentlemen. I'm Katiga, moderator for the conference call.

Welcome to Dishman Cardboard and Ams Limited Q2 FY26 conference call.

We have with us today from the management, Mr. Hashildalal, Global Chief Financial Officer.

Mr. Paolo Armanino, Chief Operating Officer.

And Mr. Stefan Frucci, Chief Executive Officer.

As a reminder, all participants will be in listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing, then 0 on a touchstone telephone.

Please note this conference is recorded.

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