CONCORDBIO · Healthcare
Concord Biotech Ltd. reported revenue of ₹430 cr for January to March 2025, +34.8% on the year and +76.2% on the quarter. It is the highest quarterly revenue in the last 8 quarters on record. Over the last four quarters revenue comes to ₹1,200 cr, +18.0% on the four before.
Operating profit (EBITDA) was ₹190 cr, a margin of 44.2%, +218 bps on the year and +402 bps on the quarter. Over the last 8 quarters the margin has ranged from 36.9% to 45.4%, averaging 41.8%. Operating costs grew +29.7% against revenue growth of +34.8%, so more of each rupee of sales reached operating profit.
Net profit was ₹142 cr, +46.4% on the year and +91.9% on the quarter, with earnings per share of ₹13.57. Profit before other income, one-offs and tax grew 46.7%, so the profit growth came from the business itself. The tax rate of 23% is in line with its recent average. Profit over the last four quarters totals ₹373 cr, +22.7% on the four before.
On earnings per share of ₹35.65 over the last four quarters, the stock at ₹597.20 trades at 16.8 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Finance cost rising, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹241 cr | ₹319 cr | ₹216 cr | ₹310 cr | ₹244 cr | ₹430 cr | ₹204 cr | ₹247 cr | ₹278 cr | ₹326 cr | ₹261 cr | ₹312 cr |
| YoY | — | — | +11% | +18% | +1% | +35% | −6% | −20% | +14% | −24% | +28% | +26% |
| EBITDA margin | 44.0% | 42.0% | 37.5% | 44.2% | 40.2% | 44.2% | 29.9% | 36.8% | 36.7% | 37.4% | 33.3% | 35.3% |
| Other income, % of PBT | 8% | 8% | 13% | 8% | 15% | 5% | 25% | 15% | 8% | 14% | 16% | 10% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 26% | 26% | 25% | 26% | 25% | 23% | 26% | 26% | 25% | 24% | 26% | 26% |
| Net profit | ₹75.0 cr | ₹97.0 cr | ₹58.0 cr | ₹99.0 cr | ₹74.0 cr | ₹142 cr | ₹43.0 cr | ₹63.0 cr | ₹68.0 cr | ₹90.0 cr | ₹61.0 cr | ₹76.0 cr |
| YoY | — | — | +21% | +18% | −1% | +46% | −26% | −36% | −8% | −37% | +42% | +21% |
| Core profit YoY | — | — | +17% | +17% | −9% | +47% | −37% | −41% | −1% | −42% | +60% | +26% |
| EPS | ₹7.13 | ₹9.29 | ₹5.57 | ₹9.43 | ₹7.08 | ₹13.57 | ₹4.07 | ₹6.01 | ₹6.48 | ₹8.60 | ₹5.85 | ₹3.62 |
| Flags | · | · | ✓ | ✓ | 1 | ✓ | 1 | 1 | 1 | 1 | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Concord Biotech Ltd. reported revenue of ₹430 cr (+34.8% on the year) and net profit of ₹142 cr (+46.4% on the year) for January to March 2025.
Profit before other income, exceptional items and tax moved +46.7% on the year, against +46.4% for reported profit.
None of the 6 checks that could run raised a question.
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