Strides Pharma Science Ltd
NSE:STAR

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Strides Pharma Science Ltd Logo
Strides Pharma Science Ltd
NSE:STAR
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Price: 968 INR -0.94% Market Closed
Market Cap: 89.2B INR

Strides Pharma Science Ltd
Investor Relations

Strides Pharma Science Ltd. engages in the development, manufacture and distribution of Internet Protocol-led generics and bio-pharmaceutical products. The company is headquartered in Bangalore, Karnataka. The company went IPO on 2000-02-03. The firm is focused on development and manufacture of IP-led niche and pharmaceutical products. The company operates through two segments: Pharmaceutical and Bio-pharmaceutical. Its geographical segment includes Africa, Australia, Asia (excluding India), North America, Europe, India, and Others. The firm manufactures a range of niche and pharmaceutical products, including a range of dosage forms such as, liquids, creams and ointments, soft gels, sachets, tablets, and modified release dosage formats. The company has eight manufacturing units located in India (Bengaluru-two sites, Puducherry, and Chennai), Singapore, Italy (Milan), the United States (Florida) and Kenya (Nairobi). The company is also engaged in manufacturing soft gelatin capsules. The company develops and manufactures drugs in the anti-retroviral, anti-malarial, anti-tuberculosis, hepatitis, and other infectious disease drug segments for its institutional business.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Oct 31, 2025
AI Summary
Q2 2026

Strong Profit Growth: Strides Pharma reported robust Q2 results, with operational PAT up 84% and EBITDA up 25.4% year-on-year.

Margin Expansion: Gross margin for the quarter reached 57.8%, a 500 basis point improvement over last year, and EBITDA margin improved by 320 basis points to 19%.

Revenue Growth: Revenue rose by 4.6% year-on-year in Q2, and 5.5% for the first half, showing steady growth despite competitive pressures.

US Market Stability: US business revenue was $73 million for the quarter, up 2% year-on-year, with management prioritizing profitability over rapid revenue growth.

Other Regulated Markets: Other regulated markets and growth markets together grew 14% year-on-year, with a 16% rise in other regulated markets alone.

Debt Reduction: The company reduced net debt by INR 73 crores in H1, aided by strong operational cash generation.

Guidance Maintained: Long-term revenue targets for both US ($400 million by FY '28) and other regulated markets remain intact, with management confident in sustaining growth and margins.

Key Financials
Gross Margin
57.8%
Gross Margin (H1)
59%
Gross Profit
INR 706 crores (Q2); INR 1,381 crores (H1)
EBITDA
INR 232 crores (Q2); INR 450 crores (H1)
EBITDA Margin
19% (Q2); 19.2% (H1)
Operational PAT
INR 140 crores (Q2); INR 254 crores (H1)
Operational EPS
INR 15.2 (Q2); INR 27.6 (H1)
Reported PAT
INR 132 crores (Q2); INR 237 crores (H1)
Operating Costs
39% of sales
Net Finance Costs
INR 20 crores (Q2); INR 61 crores (H1)
Gross Finance Costs
INR 46 crores (Q2)
Effective Tax Rate (ETR)
15% (Q2, H1)
Operational Cash
INR 394 crores (H1)
EBITDA to Operational Cash Conversion
87%
Free Cash
INR 73 crores (H1)
Net Debt
INR 1,449 crores (end-Q2)
EBITDA to Net Debt Ratio
1.65x
CapEx
INR 149 crores (H1)
Cash-to-Cash Cycle
113 days
ROCE
16%
US Market Revenue
$73 million (Q2)
Growth Markets Revenue
$17 million (Q2)
Other Earnings Calls

Management

Mr. Arun Kumar Pillai B.Com.
Founder & Executive Chairperson
No Bio Available
Mr. Badree Komandur
MD & Group CEO
No Bio Available
Ms. Manjula Ramamurthy
Compliance Officer & Company Secretary
No Bio Available
Mr. Aditya Arun Kumar
Executive Director of Business Development & Director
No Bio Available
Mr. Vikesh Kumar
Group CFO & Chief Investor Relations Officer
No Bio Available
Mr. P. V. S. Ramaraju
Chief Operating Officer
No Bio Available
Sormistha Ghosh
Group General Counsel, Chief Risk Officer & Chief Sustainability Officer
No Bio Available
Ms. Surabhi Loshali
Group Chief Human Resource Officer
No Bio Available
Mr. C. K. Sundar
Executive Vice President of Operations
No Bio Available
Mr. Kevin P. Cook
Senior Vice President of Strides Pharma Inc.
No Bio Available

Contacts

Address
KARNATAKA
Bangalore
Strides House, Bannerghatta Road, Bilekahalli
Contacts
+918067840000
www.strides.com