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Piramal Pharma vs Ajanta Pharma Q4 FY26

Side-by-side earnings comparison across verified financials, sentiment, risks, and management commentary.

PI

Piramal Pharma

Piramal Pharma reported a transitional FY26 with revenue decline due to inventory destocking in a key on-patent commercial product, subdued biotech funding in H1, and intensified competition in inhalation anesthesia i...

AJ

Ajanta Pharma

Ajanta Pharma delivered a strong Q4 FY26 with revenue of ₹1,422 crore (+21% YoY) and PAT of ₹267 crore (+18% YoY).

Result Snapshot

Revenue₹2,752 Cr₹1,422 Cr
PAT₹-9 Cr₹267 Cr
EBITDA Margin23%
Sentimentneutralbullish

Key Quotes

We're currently anticipating revenue growth in the early to mid teens with EBITDA expected to grow faster than revenue supported by operating leverage.
Nandini Piramal · Chairperson
Our revenue from operations grew by 21%. While margins grew by 18%. Reflecting strong operating performance alongside continued investments to support future growth.
Yogesh Agrawal · Managing Director