FDC Q2 Revenue Rises 20.93% to ₹572 Crore in FY27

Q2 revenue marks a higher year-on-year base

FDC Limited reported revenue from operations of ₹572 crore for the second quarter, compared with ₹473 crore in the corresponding quarter of the previous financial year. The difference of ₹99 crore translates into year-on-year growth of 20.93%. The revenue update places the company’s Q2 top line above the comparable prior-year level. It also follows a first quarter in which FDC reported revenue from operations of ₹668 crore. The Q2 figure is being assessed alongside the company’s planned consideration of a share buyback proposal.

Board meeting was scheduled for October 27

FDC informed BSE that its board meeting was scheduled for October 27, 2026. The agenda included approval of unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The board was also scheduled to consider a proposal to buy back equity shares through the tender offer route. A tender offer buyback generally allows eligible shareholders to tender shares at the terms approved by the board and disclosed by the company. The notice did not provide final buyback terms in the information available.

Revenue comparison shows the reported increase

The company’s reported Q2 revenue comparison is summarised below.

The calculation is based on the revenue figures of ₹572 crore and ₹473 crore provided for the two periods. Revenue growth measures the increase in the company’s top line and does not by itself indicate changes in profitability, margins, expenses, or cash flow. No Q2 net profit, EBITDA, or earnings-per-share figure was included with the reported ₹572 crore revenue update. Investors will therefore need the complete quarterly financial results for a fuller assessment of operating performance.

Q1 FY27 provides recent operating context

In Q1 FY27, FDC reported revenue from operations of ₹668 crore, up 3.0% year-on-year. Net profit for that quarter was ₹132 crore, rising 9.2% from the prior-year period. Earnings per share increased to ₹8.14 from ₹7.45 in Q1 FY26. The reported profit margin was 20%, compared with 19% a year earlier. These figures show that the company entered the second quarter after recording growth in both revenue and net profit in the June quarter.

US formulations supported first-quarter performance

FDC said its Q1 FY27 growth was led by International Formulations, particularly its US business. Revenue from US formulations rose 118.4% year-on-year during the first quarter, according to the reported results. Domestic Formulations and APIs recorded a slight decline in that period. The company also received US FDA approval for Cefixime for Oral Suspension. These disclosures provide context for the international business contribution highlighted in FDC’s most recently reported quarter.

FY26 results show the longer revenue trend

For FY26, FDC reported revenue of ₹2,284.45 crore, compared with ₹2,198.78 crore in FY25. This represented annual revenue growth of 3.90%. Operating profit rose to ₹374.60 crore from ₹357.22 crore, an increase of 4.87%. Full-year net income was reported at ₹281 crore, up 5.5%, while earnings per share rose to ₹17.29 from ₹16.39. The annual numbers provide a broader reference point for the company’s quarterly revenue movement.

Q2 comparison follows a weaker earlier period

The year-ago Q2 revenue base of ₹473 crore was lower than the current reported level of ₹572 crore. Separate information on FDC’s Q2 FY26 results had indicated pressure on revenue and profitability during that earlier period. Revenue was reported at ₹494 crore in that update, with net income of ₹28.37 crore and a profit margin of 5.7%. Because the supplied data contains different Q2 FY26 revenue references, the 20.93% comparison in this report uses the stated ₹473 crore baseline attached to the current Q2 revenue update.

What the figures mean for investors

The reported Q2 revenue figure indicates higher sales than in the stated corresponding prior-year quarter. However, revenue is only one part of the quarterly result. The board’s approval of standalone and consolidated financial statements is relevant because it will provide the detailed performance measures needed to assess costs, operating profit, net profit, segment trends, and balance-sheet developments. The proposed buyback is a separate capital-allocation matter and remains subject to board consideration and any subsequent company disclosures. No conclusion on the size, price, or timing of a buyback can be drawn from the meeting notice alone.

Key figures at a glance

Conclusion

FDC’s reported Q2 revenue of ₹572 crore was ₹99 crore higher than the stated prior-year quarter figure of ₹473 crore, resulting in 20.93% year-on-year growth. The update comes after Q1 FY27 revenue of ₹668 crore and alongside a board agenda covering September-quarter results and a potential tender-offer buyback. Further details will depend on the financial statements and any formal announcement issued after the board’s consideration.