Read the quarter in context.
A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Revenue
₹450.3 Cr
verified against source
Revenue YoY
42.3%
reported change
EBITDA
₹71.1 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Innova Captab delivered a stellar Q3 FY26 with consolidated revenue surging 42.3% YoY to ₹450.3 crore, driven by strong performance across both CDMO (+29% YoY) and branded generics (+79% YoY). EBITDA grew 39.6% YoY to ₹71.1 crore, with margins at 15.8% (ex-Jammu ~19%). The Jammu facility contributed ₹89 crore revenue, nearing EBITDA breakeven, and is expected to turn PAT positive next year. Management guided for 20%+ overall growth in FY27, underpinned by Jammu ramp-up and continued branded generics expansion. Key risks include API price volatility and potential margin pressure from future growth investments.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects to maintain 20%+ year-on-year growth at the entity level in FY27, driven by Jammu ramp-up and branded generics expansion.
- Jammu facility is on track to achieve ₹270-280 crore revenue for FY26, with potential to slightly exceed the range.
- The Jammu facility is expected to contribute positively at both EBITDA and PAT levels in the next financial year.
Risks flagged
- API prices have stabilized quarter-on-quarter but remain uncertain; year-on-year prices are still negative, and future trends are unpredictable.
- Management indicated that future growth strategies may put pressure on P&L, potentially offsetting margin gains from Jammu.
- Ex-Jammu CDMO volume growth was only 6-10% YoY, with revenue growth driven mainly by product mix rather than volume.
Key quotes
- I am thrilled to report that Innova Captab delivered a stellar quarter with revenue from operations surging to 450 cr with a robust 42% year-on-year growth.
- Jamu is nearing the break even at EBITDA level and ... in next year we are very much looking ahead to get a positive contribution from Jamu facility from both EBITDA as well as PAT level.
- We always maintain our margin profile at say 15% plus minus 2% here and there ... businesses cannot be silent and we need to focus continuously on the future growth also.
Research modules