SAILIFE · Healthcare
Sai Life Sciences Ltd. reported revenue of ₹396 cr for July to September 2024, — on the year and +41.4% on the quarter.
Operating profit (EBITDA) was ₹102 cr, a margin of 25.8%, — on the year and +1,647 bps on the quarter.
Net profit was ₹42.0 cr, — on the year and — on the quarter.
Pharma quarters swing with US generic launches and price erosion, while India formulations grow more steadily. Currency gains and other income can be material, so headline profit needs a check against operating profit. The quarterly statements do not carry the US and India split, R&D spend and any FDA observations; those come with the filing read.
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: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, 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).
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 | ₹384 cr | ₹439 cr | ₹280 cr | ₹396 cr | ₹440 cr | ₹580 cr | ₹496 cr | ₹537 cr | ₹556 cr | ₹602 cr | ₹554 cr | ₹659 cr |
| YoY | — | — | — | — | +15% | +32% | +77% | +36% | +26% | +4% | +12% | +23% |
| EBITDA margin | 25.0% | 28.5% | 9.3% | 25.8% | 27.3% | 27.2% | 24.4% | 27.1% | 33.8% | 29.4% | 26.7% | 28.3% |
| Other income, % of PBT | 21% | 4% | — | 18% | 13% | 8% | 12% | 14% | 0% | 12% | 4% | 3% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 25% | 26% | — | 25% | 25% | 26% | 25% | 25% | 25% | 25% | 25% | 25% |
| Net profit | ₹40.0 cr | ₹56.0 cr | −₹14.0 cr | ₹42.0 cr | ₹54.0 cr | ₹88.0 cr | ₹60.0 cr | ₹83.8 cr | ₹100 cr | ₹104 cr | ₹73.3 cr | ₹98.3 cr |
| YoY | — | — | — | — | +35% | +57% | — | +100% | +85% | +18% | +22% | +17% |
| Core profit YoY | — | — | — | — | +50% | +49% | — | +115% | +113% | +13% | +33% | +32% |
| EPS | — | — | — | — | ₹2.59 | ₹4.24 | ₹2.90 | ₹4.01 | ₹4.75 | ₹4.92 | ₹3.46 | ₹4.63 |
| Flags | · | · | · | · | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
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.
Sai Life Sciences Ltd. reported revenue of ₹396 cr (— on the year) and net profit of ₹42.0 cr (— on the year) for July to September 2024.
None of the 2 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.