Hikal Ltd

Hikal Ltd. announced that its board approved the appointment of Mr. Sameer Hiremath (DIN: 00062129) as Chairman and Managing Director for a period of 5 years, commencing October 01, 2026, to September 30, 2031, subject to shareholder approval at the ensuing Annual General Meeting; Mr. Hiremath is currently the Vice Chairman and Managing Director of the company and is the son of Mr. Jai Hiremath and Mrs. Sugandha Hiremath.

Hikal Limited has scheduled its 38th Annual General Meeting for Wednesday, September 23, 2026, at 11:30 a.m. (IST) via video conferencing and has set Friday, September 04, 2026, as the record date for determining eligibility for a final dividend for the financial year 2025-26, which will be paid on or before October 23, 2026.

Hikal Ltd. announced that its board approved the appointment of Mr. Sameer Hiremath (DIN: 00062129) as Chairman and Managing Director for a period of 5 years, commencing October 01, 2026, to September 30, 2031, subject to shareholder approval at the ensuing Annual General Meeting; Mr. Hiremath is currently the Vice Chairman and Managing Director of the company and is the son of Mr. Jai Hiremath and Mrs. Sugandha Hiremath.

Hikal Ltd share price inched up 1.78% to Rs 232.15. The Company's net profit tanked by 151.39% to Rs 7.4 crore, while revenue from operations plunged by 22.67% to Rs 399.8 crore in Q2FY26 over Q1FY26. The market capitalization of Pharmaceuticals industry group stocks on BSE stood at Rs 24.84 lakh crore, gaining 5.02%. It has improved by 1.03% over last one week and rose by 11.63% in last one month while the market capitalization of Hikal Ltd has marginally improved by 7.13% and 10.08% in the same period respectively. Profit before tax (PBT) of Hikal Ltd stood at Rs 9.9 crore in Q2 FY26, tumbling by 67.43% year-on-year, and plunging by 219.28% quarter-on-quarter. EBITDA came in at Rs 35 crore, rallying 46.06% YoY and crashing by 64.37% sequentially. Total expenses reduced by 10.42% to Rs 408.5 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 194.0 crore, marginally falling by 7.75% YoY, while employee benefits expense was at Rs 74.4 crore, registering a growth of 10.71% YoY. For the TTM ended FY26, revenue from operations inched higher 4.23% to Rs 1843.5 crore, while net profit soared by 30.46% to Rs 90.8 crore, compared to previous TTM. EBITDA surged by 28030% to Rs 323.4 crore, and PBT soared 29.63% to Rs 123.8 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 280.4 crore in FY26, as against Rs 186.72 crore in FY25. Hikal Ltd crashed 26.31% in last one year, underperforming the benchmark BSE Sensex which has softened by 2.64% during the same period.

Hikal Ltd. will hold a board meeting on Thursday, August 06, 2026, to consider and approve the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026, as per Securities and Exchange Board of India regulations.

Revenue from operations slipped 5.97% to Rs 519 crore in Q4 FY26 as against Rs 552 crore in Q4 FY25. Profit before tax after exceptional item in Q4 FY26 stood at Rs 8.3 crore, down 87.84% from Rs 68.30 crore in Q4 FY25. EBITDA declined by 14.63% to Rs 105 crore, EBITDA margin slipped to 22% in Q4 FY26. Jai Hiremath, Executive Chairman, Hikal, said, 'Q4 FY26 marks an improvement in Hikal's operating performance. The company is moving decisively from a phase of remediation and normalization to one of sustainable growth. For Q4 FY26, we delivered revenue of Rs. 519 crores and an EBITDA margin of 20.3%, a meaningful step-up that validates the work done over the past several quarters to strengthen quality systems, tighten compliance, sharpen operational discipline, and invest in future-ready capabilities. The results of this effort are now visible in our financial performance, customer engagement, and the medium-term growth pipeline we are building. For the full year FY26, revenue stood at Rs. 1,713 crores with an EBITDA margin of 12.9%. Our Pharmaceutical business saw continued improvement in demand across both Own Products and CDMO, supported by normalization in customer ordering patterns and an expanding global outsourcing pipeline. Capacity utilization improved meaningfully through the year. The strategic investments made over the past 12'15 months in our state-of-the-art high-potency laboratory at our R&D facility in Pune and the pilot plant at Panoli are now fully operational and are already strengthening our position in complex and differentiated chemistries. Crop Protection showed recovery, supported by improving customer demand, volume traction in own products, and the gradual normalization of a market that has spent the last few years working through inventory correction and pricing pressure. We believe the worst of the cycle is now behind us in terms of volume growth, though concerns regarding overall pricing still remain. Animal Health continues to strengthen steadily on the back of rising customer engagement and an expanding CDMO pipeline. We are building differentiated capabilities with a long-term focus on high-value, specialized, innovation-led opportunities. Our priorities remain clear: improve product mix, expand the CDMO pipeline, and diversify into higher-value Specialty Chemicals and Personal Care segments. Commercialization of new products in these areas is progressing well, and we expect them to begin contributing meaningfully from FY27 onwards. Across all businesses, the Hikal Business Excellence framework continues to deliver through focused procurement, backward integration, yield improvements, and solvent recovery programs. With strategic investments now fully operational, customer engagements expanding, and demand visibility across businesses, the foundation for a stronger FY27 and the years beyond is firmly in place.' The company has considered and recommended the payment of a final dividend for the financial year 2025-26 on equity share capital at 20% (Rs 0.40 per equity share, nominal value Rs 2 each), aggregating to a total dividend of 30% (Rs 0.60 per equity share), including the interim dividend of 10% (Rs 0.20 per share paid in March 2026), subject to approval of shareholders at the ensuing Annual General Meeting (AGM). Hikal is engaged in the business of pharmaceuticals, crop protection, and specialty chemicals.Powered by Capital Market - Live

Hikal announced that the Board of Directors of the Company at its meeting held on 27 May 2026, inter alia, have recommended the final dividend of Rs 0.4 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

Revenue from operations slipped 5.97% to Rs 519 crore in Q4 FY26 as against Rs 552 crore in Q4 FY25. Profit before tax after exceptional item in Q4 FY26 stood at Rs 8.3 crore, down 87.84% from Rs 68.30 crore in Q4 FY25. EBITDA declined by 14.63% to Rs 105 crore, EBITDA margin slipped to 22% in Q4 FY26. Jai Hiremath, Executive Chairman, Hikal, said, 'Q4 FY26 marks an improvement in Hikal's operating performance. The company is moving decisively from a phase of remediation and normalization to one of sustainable growth. For Q4 FY26, we delivered revenue of Rs. 519 crores and an EBITDA margin of 20.3%, a meaningful step-up that validates the work done over the past several quarters to strengthen quality systems, tighten compliance, sharpen operational discipline, and invest in future-ready capabilities. The results of this effort are now visible in our financial performance, customer engagement, and the medium-term growth pipeline we are building. For the full year FY26, revenue stood at Rs. 1,713 crores with an EBITDA margin of 12.9%. Our Pharmaceutical business saw continued improvement in demand across both Own Products and CDMO, supported by normalization in customer ordering patterns and an expanding global outsourcing pipeline. Capacity utilization improved meaningfully through the year. The strategic investments made over the past 12'15 months in our state-of-the-art high-potency laboratory at our R&D facility in Pune and the pilot plant at Panoli are now fully operational and are already strengthening our position in complex and differentiated chemistries. Crop Protection showed recovery, supported by improving customer demand, volume traction in own products, and the gradual normalization of a market that has spent the last few years working through inventory correction and pricing pressure. We believe the worst of the cycle is now behind us in terms of volume growth, though concerns regarding overall pricing still remain. Animal Health continues to strengthen steadily on the back of rising customer engagement and an expanding CDMO pipeline. We are building differentiated capabilities with a long-term focus on high-value, specialized, innovation-led opportunities. Our priorities remain clear: improve product mix, expand the CDMO pipeline, and diversify into higher-value Specialty Chemicals and Personal Care segments. Commercialization of new products in these areas is progressing well, and we expect them to begin contributing meaningfully from FY27 onwards. Across all businesses, the Hikal Business Excellence framework continues to deliver through focused procurement, backward integration, yield improvements, and solvent recovery programs. With strategic investments now fully operational, customer engagements expanding, and demand visibility across businesses, the foundation for a stronger FY27 and the years beyond is firmly in place.' The company has considered and recommended the payment of a final dividend for the financial year 2025-26 on equity share capital at 20% (Rs 0.40 per equity share, nominal value Rs 2 each), aggregating to a total dividend of 30% (Rs 0.60 per equity share), including the interim dividend of 10% (Rs 0.20 per share paid in March 2026), subject to approval of shareholders at the ensuing Annual General Meeting (AGM). Hikal is engaged in the business of pharmaceuticals, crop protection, and specialty chemicals. Shares of Hikal added 1.22% to end at Rs 220.40 on the BSE on Wednesday, 27 May 2026.Powered by Capital Market - Live

Net profit of Hikal declined 71.31% to Rs 14.40 crore in the quarter ended March 2026 as against Rs 50.20 crore during the previous quarter ended March 2025. Sales declined 6.00% to Rs 517.00 crore in the quarter ended March 2026 as against Rs 550.00 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 48.80 crore in the year ended March 2026 as against net profit of Rs 90.80 crore during the previous year ended March 2025. Sales declined 8.04% to Rs 1695.20 crore in the year ended March 2026 as against Rs 1843.50 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales517.00550.00 -6 1695.201843.50 -8 OPM %20.3922.44 -13.0017.81 - PBDT97.40106.00 -8 170.60258.20 -34 PBT55.4068.30 -19 6.80123.80 -95 NP14.4050.20 -71 -48.8090.80 PL Powered by Capital Market - Live

Hikal will hold a meeting of the Board of Directors of the Company on 27 May 2026.