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Concord Biotech Ltd.

CONCORDBIOHealthcare filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

12 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 12 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
TRANSCRIPT202309132023-06-30yes
TRANSCRIPT202311162023-09-30yes
TRANSCRIPT202402162023-12-31yes
TRANSCRIPT202406042024-03-31yes
TRANSCRIPT202408202024-06-30yes
TRANSCRIPT202411192024-09-30yes
TRANSCRIPT202502212024-12-31yes
TRANSCRIPT202508182025-06-30yes
TRANSCRIPT202511192025-09-30yes
TRANSCRIPT202602182026-03-31yes
TRANSCRIPT202606052026-03-31yes
TRANSCRIPT202608072026-06-30yes

CONCORDBIO

files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisiongeneral
Scope servedconsolidated
Panels on this page4

Market

No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.

Last close1,478.80
52-week range1014.8 – 1647.7
Return 1M-4.47%
Return 3M14.98%
Return 1Y-9.25%
Return 3Y49.02%
Return 5Ynot reported for this period
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Revenue from operations257.00
Other income13.00
Total income270.00
Cost of materials consumed70.00
Purchases of stock-in-trade11.00
Changes in inventories-27.00
Employee benefit expense44.00
Finance costs0.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter group0.440.00
institutions foreign0.08-0.00
institutions domestic0.090.00
mutual funds0.040.00
public0.560.00

Documents on file

ClassMost recentOn file
TRANSCRIPT2026-06-3012

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line2023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue from operations195.00262.00241.00319.00216.00310.00244.00430.00204.00247.00278.00326.00257.00
Other income7.008.008.0011.0010.0010.0015.009.0014.0013.0010.0015.0013.00
Total income201.00270.00249.00330.00226.00320.00259.00439.00218.00260.00288.00341.00270.00
Cost of materials consumed39.0042.0047.0056.0055.0068.0061.0080.0060.0057.0067.0071.0070.00
Purchases of stock-in-trade12.0010.0023.0011.0012.0022.0012.0010.0013.0014.0020.0016.0011.00
Changes in inventories-11.000.00-24.0022.00-19.00-13.00-21.0038.00-28.00-22.00-21.00-0.00-27.00
Employee benefit expense28.0030.0031.0034.0032.0034.0035.0039.0038.0044.0047.0048.0044.00
Finance costs1.001.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation and amortisation13.0013.0014.0014.0013.0013.0013.0015.0018.0018.0019.0020.0018.00
Other expenses54.0060.0057.0062.0055.0064.0059.0072.0060.0065.0066.0074.0077.00
Total expenses136.00157.00149.00199.00148.00187.00160.00254.00160.00177.00198.00227.00193.00
Profit before exceptional items and tax65.00113.00100.00131.0078.00133.0099.00185.0057.0083.0090.00114.0077.00
Exceptional items0.000.000.000.000.000.000.000.000.000.00-3.000.000.00
Profit before tax65.00113.00100.00131.0078.00133.0099.00185.0057.0083.0087.00114.0077.00
Current tax16.0028.0026.0030.0019.0034.0024.0042.0014.0022.0022.0029.0020.00
Deferred tax0.001.00-0.004.001.001.002.001.001.001.001.00-3.000.00
Tax expense17.0029.0026.0034.0020.0035.0025.0043.0015.0023.0023.0026.0021.00
Profit for the period54.0081.0078.0095.0060.0096.0076.00140.0044.0063.0064.0088.0058.00
Profit attributable to owners54.0081.0078.0095.0060.000.0076.00140.0044.0064.0064.0089.0059.00
Profit attributable to non-controlling interests0.000.000.00—0.000.000.000.000.00-1.00-1.00-0.00-1.00
Other comprehensive income-0.000.00-1.000.000.00-0.00-1.007.00-3.0022.0023.0013.0017.00
Total comprehensive income54.0081.0077.0095.0060.0096.0074.00148.0041.0085.0087.00102.0075.00
Earnings per share, basic5.217.747.419.085.709.157.2613.424.216.036.088.465.52
Earnings per share, diluted5.217.747.419.085.709.157.2613.424.216.036.088.465.52

Annual results, as filed

Line2024-03-312025-03-312026-03-31
Revenue from operations1,017.001,200.001,055.00
Other income34.0044.0052.00
Total income1,051.001,245.001,107.00
Cost of materials consumed185.00264.00254.00
Purchases of stock-in-trade57.0056.0063.00
Changes in inventories-12.00-15.00-71.00
Employee benefit expense123.00139.00177.00
Finance costs3.001.000.00
Depreciation and amortisation54.0054.0074.00
Other expenses233.00249.00265.00
Total expenses642.00749.00762.00
Profit before exceptional items and tax409.00496.00345.00
Exceptional items0.000.00-3.00
Profit before tax409.00496.00342.00
Current tax100.00119.0086.00
Deferred tax5.004.00-1.00
Tax expense104.00123.0085.00
Profit for the period308.00372.00259.00
Profit attributable to owners308.00372.00261.00
Profit attributable to non-controlling interests—0.00-2.00
Other comprehensive income-0.006.0055.00
Total comprehensive income308.00378.00314.00
Earnings per share, basic29.4535.5224.78
Earnings per share, diluted29.4535.5224.78

Balance sheet, as filed

Line2023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Total assets1,551.001,701.001,764.002,034.002,023.002,235.00
Non-current assets795.00804.00830.00899.00943.00985.00
Current assets756.00896.00935.001,135.001,080.001,250.00
Property, plant and equipment586.00572.00554.00792.00787.00786.00
Capital work-in-progress188.00211.00249.0050.0074.0078.00
Goodwill0.000.000.000.000.000.00
Other intangible assets1.004.004.002.002.002.00
Inventories220.00208.00250.00240.00276.00326.00
Trade receivables267.00350.00344.00522.00397.00460.00
Cash and cash equivalents6.0015.007.001.0017.0012.00
Total equity and liabilities1,551.001,701.001,764.002,034.002,023.002,235.00
Equity1,354.001,527.001,590.001,813.001,827.002,015.00
Equity share capital10.0010.0010.0010.0010.0010.00
Other equity1,344.001,516.001,580.001,802.001,817.002,007.00
Total liabilities197.00174.00174.00222.00196.00220.00
Non-current liabilities29.0032.0032.0037.0041.0051.00
Current liabilities167.00142.00142.00184.00155.00169.00
Borrowings, non-current0.000.000.000.000.000.00
Borrowings, current19.006.000.000.000.000.00
Trade payables76.0094.0082.00113.0087.00102.00

Cash flow, as filed

Line2023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Net cash from operating activities117.00265.00151.00245.00151.00267.00
Net cash from investing activities-29.00-155.00-60.00-160.00-21.00-143.00
Net cash from financing activities-86.00-99.00-99.00-99.00-113.00-113.00
Purchase of property, plant and equipment30.0086.0050.00111.0053.0095.00
Net increase in cash3.0012.00-8.00-14.0016.0011.00
con:CFO.BEFORE_TAX148.00370.00209.00354.00213.00367.00
con:INTEREST_RECEIVED.OPERATING0.000.000.000.000.000.00
con:INTEREST_PAID.OPERATING0.000.000.000.000.000.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.000.000.00
con:TAX_PAID.OPERATING31.00103.0057.00109.0062.00100.00
con:CF_OTHER.OPERATING0.00-1.000.00-0.000.000.00
con:INVESTMENTS_PURCHASED0.00838.00534.00870.00461.00947.00
con:INVESTMENTS_SOLD0.00746.00513.00801.00478.00882.00
con:PPE_DISPOSALS0.000.000.000.000.000.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.000.000.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.000.000.000.000.000.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.000.000.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group44.0844.0844.0844.0844.0844.0844.0844.080.440.440.440.44
Domestic institutions8.188.468.4610.409.899.669.168.870.100.100.090.09
Mutual funds———————4.680.050.040.040.04
Insurance companies2.262.472.884.534.304.183.353.410.040.040.040.04
Foreign institutions7.307.006.487.118.108.339.359.110.080.080.080.08
Public55.9255.9255.9255.9255.9255.9255.9255.920.560.560.560.56
Non-institutional40.4440.4640.9738.4137.9337.9337.4137.950.380.390.390.39
Shares outstanding104616204104616204104616204104616204104616204104616204104616204104616204104616204104616204104616204104616204

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
Sudhir VaidKey Management PersonnelAny other transaction, Dividend paid, Remuneration302,294,000.003
Concord Biotech Japan K.KJoint VentureSale of goods or services140,625,000.001
Manju VaidRelatives of Key Management PersonAny other transaction, Dividend paid89,623,000.002
Sudman Consultants LLPEnterprises controlled by / under Dividend paid41,580,000.001
Ankur VaidKey Management PersonnelDividend paid, Remuneration21,966,000.002
Megha VaidRelatives of Key Management PersonDividend paid, Remuneration8,624,000.002
Sonal KumraRelatives of Key Management PersonDividend paid, Remuneration4,887,000.002
Lalit SethiKey Management PersonnelRemuneration2,993,000.001
Col S. K VaidRelatives of Key Management PersonAny other transaction2,771,000.001
Prakash SajnaniKey Management PersonnelDividend paid, Remuneration2,410,000.002
Ravi KapoorKey Management PersonnelAny other transaction, Dividend paid1,968,000.002
Ravi Kapoor & AssociatesEnterprises controlled by / under Any other transaction1,375,000.001
Rajiv Ambrish AgarwalKey Management PersonnelDividend paid1,142,000.001
Jayaram EaswaranKey Management PersonnelAny other transaction160,000.001
Arvind AgarwalKey Management PersonnelAny other transaction, Dividend paid155,000.002

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-08-07Q1FY27LIMITEDRead the call
2026-06-05FYFY26Read the call
2026-02-18FYFY26LIMITEDRead the call
2025-11-19Q2FY26Read the call
2025-08-18Q1FY26Read the call
2025-02-21Read the call
2024-11-19Q2FY25BIOTECH LIMITEDRead the call
2024-08-20Q1FY25Biotecf for Mankind..., iotech for Mankind...Read the call
2024-06-04FYFY24BIOTECH LIMITEDRead the call
2024-02-16Q3FY24CONCORD BIOTECH LIMITEDRead the call
2023-11-16Q2FY24BIOTECH LIMITEDRead the call
2023-09-13Q1FY24BIOTECH LIMITEDRead the call

What they said about it, quarter by quarter

TopicQ1FY24Q1FY25Q1FY26Q1FY27Q2FY24Q2FY25Q2FY26Q3FY24
CapexBut sir, in terms of any number that we look at asset return from the capex, I was close to INR 400 crores, INR 450 crores, something like that, capex…——Lastly, we are a zero debt company and with cash and cash equivalent of more than INR442 crores as on 30th June, our capex for the quarter stood at ar…—And regarding the capex, is it maintenance only or you plan to add more?——
Capital allocation—By balancing prudent reinvestment with consistent dividend payouts, we aim to enhance overall shareholder value while maintaining a sustainable busine…Secondly, in terms of the new acquisition that we have done on the US front.—————
CostsWith respect to any other risk, I won't call it a risk, but of course, any changes in the macroeconomic conditions could impact companies in the pharm…——However, when we see that we also have an impact of the input cost on certain aspects.——Not only for Valthera, but also for Dholka, because it can also be manufacturing certain raw materials, certain intermediates, which may be, say, now …Most of our raw material procurement happens from within India, but if there are a few items that are imported, we have to closely monitor the situati…
Debt and cashOur net debt as on 30th of June is stood at around INR 25 crores.——We have been consistently reporting positive operating cash flow.—Because what we understand is in the hospital business, probably the working capitals is a little elongated so and there are very less margins in the …——
DemandThe API consumption for domestic formulations is also expected to drive high demand in the next four to five years.Currently, we have a robust pipeline consisting of 8 to 10 new products which we plan to commercialize over the next 3 to 4 years.We have a couple more, which are already there in the pipeline, so they would be executed also.So could you help us understand how much of this reflects normalization of delayed customer procurement versus the structural gains such as the market…So however, we do not see any change in the annual demand and that we have forecasted from our customers.And if you can speak about the new pipeline, we were planning to launch working 8 to 10 products and planning to launch at least 1 or 2 products every…I understand that there is this U.S. demand deferment as well that happened.—
GuidanceWe anticipate that commercial production at this new facility will commence by the first quarter of the next financial year.Facility qualification activities are ongoing and we expect to commercialize this plant by last quarter of this financial year.And second is given that we are still in line to achieve our EBITDA margin guidance, could you just throw some color on by which quarter we can expect…Additionally, should we expect this growth trajectory to sustain through the rest of FY27?So therefore, on an annualized basis, we expect to do better than our historical CAGR of 18% growth.With that, as I've mentioned that in spite of the interunit sales, the growth in the API, we expect it to be in the double-digit growth in spite of th…And that seems the full-year guidance will continue to be healthy if we add this back up.In the coming few months, we expect to commercialize a couple of these APIs.
MarginYes, so my first question is that, could you just elaborate on the potential disruptors or risks that the management can identify as threats to our EB…EBITDA for this quarter stood at INR 81.28 crores as compared to INR 72.15 crores in quarter 1 of the last year.Secondly, on the EBITDA, if you could just give some idea?The improvement in the gross margin reflects a strong pricing discipline, favorable product mix and limited competitive intensity across our key produ…And in terms of margins, right, we have seen around 200 basis point kind of expansion in the gross margin.And one final one, generally, before FY '24, at least, we had a heavy skew towards the second half in terms of our sales as well as EBITDA.And if you see that excluding the injectables or excluding the Stellon, our EBITDA stands at 41%, which is pretty much in line with what you would hav…Reported EBITDA margin for 9 months financial year '24 stood at 42.6% as compared to 36.9% for the same period last year which represents an increase …
PeopleAnd the last growth lever for us being the increased utilization of existing and new facilities by adding more customers, and products to be marketed …And if you can provide utilization of the plants it would be helpful for the quarter?Sir, firstly, can you provide the capacity utilization across all the facilities?And also in the oral solid side, we have added the softgel facility and also continue to see capacity utilization for the new products that we have la…If you can help us understand the update on the various plans and in terms of utilization as well, it would be great.The second one is, what was the capacity utilization as of the second quarter across all the 3 sites?And the final bookkeeping one, Lalitji, can you share the utilization rates for the three facilities, or maybe the injectable one as well?Because during this five years, there are going to be different, milestones that will be achieved, whether it is, the utilization of Capacities or the…
PricingSo it would be great, sir, if you could just share some insights on what key factors or strategies that have contributed to this consistency or maybe …The one product you mentioned, apart from that, any offtake issue or any pricing issue in any of the API products?Or is there any impact of pricing headwinds as well, right?So based on the economies of scale, based on our expertise, we have a good grip on the pricing and that advantage, price benefit based on that, we hav…Ankur, if you can talk about how the pricing trends were there in some of the top products, that would be really helpful.So how are you seeing the pricing and all these things?The next one is, can you comment on the pricing of your immunosuppressant portfolio in particular, especially in the context of these challenges aroun…And would you like to share how the pricing has behaved for the top four, five products, especially in the API segment?
Revenue growthThis growth is in line with the overall growth of pharmaceutical drug consumption in the country.With CDMO business, we will be able to generate large volumes which will accelerate the revenue growth and margin profile on the back of operating lev…So given that the US already contributes 17% to the top line, before this, did we have front-end presence there?Revenue for Q1 FY27 stood at INR257 crores compared to INR204 crores in the Q1 FY26, a growth of 26.2%.So we have seen a big surge in this quarter in growth, 65% year-on-year in top line.—If you can just quantify if those challenges were not in place, how much revenue growth or how much revenue can be spilled over into subsequent quarte…Our strategic plan involves introducing approximately 8 to 10 additional products over the next three years, especially in the field of oncology and a…

What they said they would do

Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.

DateQuarterWhoWhat they said
2024-08-20Q1FY25Biotecf for Mankind...The split between our API and Formulation business was 79% and 21%, respectively, for Q1 FY '25, aligning with our long- term guidance of 80-20.
2024-08-20Q1FY25Biotecf for Mankind...Lastly, we are optimistic about the growth trajectory for both segments and remain committed to achieving our long-term CAGR guidance of revenue growth of 25% over a period of 5 years on the back of strong product pipeline of 8 to 10 products which would be commercialized in the next 3 to 4 years approvals from customers for our Limbasi facility with ample capacities to grow, commercialization of new injectable plant in this year facilitating growth from next year, increase in wallet share addition of new customers and geographies and CDMO opportunities accelerating the growth.