Jubilant Pharmova Ltd — earnings calls

Jubilant Pharmova reported Q4 FY2026 revenue growth of 19% year-on-year to Rs.2,290 crore, driven by radiopharma, allergy immunotherapy, CDMO sterile injectables and generics, while EBITDA margin declined due to a SPECT products shortage and under-absorption of costs at CMO Montreal. For the full year, revenue grew 14% to Rs.8,280 crore and EBITDA grew 8% to Rs.1,326 crore, with margin down 99 basis points to 15.9%. Management described FY2027 EBITDA margin as a story of two halves, with improvement expected from H2 as Montreal production stabilizes.