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Hikal Ltd

Q2 FY27Pharmaceuticals & Biotechnology

Hikal Q2 Results 2026 (FY27): Revenue ₹434 Cr, Net loss ₹6 Cr

Q2 FY27 investor presentation: what the company reported on revenue, margins and capex.

Price₹221
Market cap₹2.7K Cr
P/E64.2
Updated3 Nov 2026
Read4 min read

Hikal Ltd Q2 FY27 key numbers

Revenue
Consolidated Revenue Q2FY27: ₹434 crores, up 36% YoY from ₹319 crores in Q2FY26.

As stated in Hikal Ltd's Q2 FY27 investor presentation · published 3 Nov 2026. Reported figures, not investment advice.

Based on Hikal Ltd's Q2 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.

The short version

Consolidated Revenue Q2FY27: ₹434 crores, up 36% YoY from ₹319 crores in Q2FY26 (Page 9) - Pharmaceuticals Revenue Q2FY27: ₹278 crores, up 47% YoY from ₹190 crores in Q2FY26 (Page 7) - Crop Pr Quarterly EBITDA: ₹45 crores, up 524% YoY (Q2FY27 vs Q2FY26) - EBITDA Margin: 10.3%, up 808 bps YoY - Profit After Tax (PAT): ₹(6) crores, improved 83% YoY (from ₹(35) crores in Q2FY26) - EBITDA margin is 10.3% for Q2FY27 - Margin Outlook: The presentation reiterates full-year guidance of “mid teens growth in Revenue and a substantial improvement in profitability” indicating an expectation of improved margins ahead.

From Hikal Ltd's Q2 FY27 earnings-call transcript · updated 3 Nov 2026.

How did Hikal's revenue grow in the September 2026 quarter?

- **Consolidated Revenue Q2FY27:** ₹434 crores, up 36% YoY from ₹319 crores in Q2FY26 (Page 9) - **Pharmaceuticals Revenue Q2FY27:** ₹278 crores, up 47% YoY from ₹190 crores in Q2FY26 (Page 7) - **Crop Protection Revenue Q2FY27:** ₹156 crores, up 21% YoY from ₹129 crores in Q2FY26 (Page 8) - **Active Pharma Ingredients Sold in FY26:** ~3,000 MT (Page 25) - **Active Ingredients Sold in FY26 (Crop Protection):** ~6,000 MT (Page 25) **Outlook:**

2 more points from Hikal Ltd's call on revenue

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What happened to Hikal's margins in Q2 FY27?

See what Hikal Ltd said on profitability & margins — free account, 30 seconds.

What capex is Hikal planning?

  • Capital expenditure of $60 million invested in new assets (Page 25).
  • New Personal Care multipurpose manufacturing facility at Panoli commenced commercial production (Pages 4, 10).
  • R&T Centre including Integrated Mini Plant established (Page 22).
  • Acquisitions of manufacturing sites: Bangalore site from Wintac Ltd and Panoli site from Novartis (Page 21).
  • Co-generation plant and biomass boilers commissioned at all sites as sustainability initiative (Page 21).

2 more points from Hikal Ltd's call on capex

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Top-ranked in Pharmaceuticals & Biotechnology

Ranked on what management guided this quarter

Guidance-ranked
1KRM Ayurveda
Rev 1Mar 1
2Accretion Pha.
Rev 1Mar 2
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Is Hikal raising money or cutting debt?

See what Hikal Ltd said on fundraising & capital structure — free account, 30 seconds.

How big is Hikal's order book?

Specifically: - There is no direct reference to "order book," "order inflow," or "pending orders" terminology anywhere in the presentation. - Discussions on customer engagements and contract signings (e.g., multi-year CDMO contract in Crop Protection) indicate business momentum.

Hikal Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q2 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q2 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹519 Cr, net profit ₹14 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

Others in Pharmaceuticals & Biotechnology this season

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    Q2FY27 Total Income (revenue) was ₹457.2 crore, down 11.4% year-on-year (YoY) from Q2FY26. Key investor presentation takeaways from Neuland Laboratories Ltd's Q

  • Kopran (Q2 FY27)

    9,335 lakhs (~79% increase) . Key investor presentation takeaways from Kopran Ltd's Q2 FY27 investor presentation — and how it ranks against sector peers.

  • Emcure Pharma (Q2 FY27)

    Q2FY27 Revenue from Operations: INR 28,205 Mn, up 24.3% YoY (Page 9). Key investor presentation takeaways from Emcure Pharmaceuticals Ltd's Q2 FY27 investor pre

  • SPARC (Q2 FY27)

    Revenue from operations for the quarter ended September 30, 2026, is ₹3,003 lakhs, up from ₹786 lakhs in the quarter ended September 30, 2025. Key results state

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Frequently Asked Questions

What were Hikal Ltd Q2 FY27 results?

Consolidated Revenue Q2FY27: ₹434 crores, up 36% YoY from ₹319 crores in Q2FY26 (Page 9) - Pharmaceuticals Revenue Q2FY27: ₹278 crores, up 47% YoY from ₹190 crores in Q2FY26 (Page 7) - Crop Pr Quarterly EBITDA: ₹45 crores, up 524% YoY (Q2FY27 vs Q2FY26) - EBITDA Margin: 10.3%, up 808 bps YoY - Profit After Tax (PAT): ₹(6) crores, improved 83% YoY (from ₹(35) crores in Q2FY26) - EBITDA margin is 10.3% for Q2FY27 - Margin Outlook: The presentation reiterates full-year guidance of “mid teens growth in Revenue and a substantial improvement in profitability” indicating an expectation of improved margins ahead.

What is Hikal Ltd share price analysis?

Hikal Ltd currently shows a neutral. The stock trades at a P/E of 64.2 with a market cap of ₹2,722 Cr. Investors should review the full earnings analysis for detailed insights.

Is Hikal Ltd planning capital expenditure?

Capital expenditure of $60 million invested in new assets (Page 25).

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.