HIKAL LTD. Q4 FY26 Results

Summary

Hikal Ltd. announced its audited financial results for Q4 and the full financial year ended March 31, 2026. For Q4FY26, the company reported consolidated revenue of ₹519 crore, with an EBITDA of ₹105 crore and a margin of 20.3%. Profit after tax for the quarter was ₹14 crore, indicating a recovery from a loss in the previous quarter. For the entire fiscal year 2026, Hikal posted a consolidated revenue of ₹1,713 crore with an EBITDA margin of 12.9%. Management highlighted a decisive shift from remediation to sustainable growth, citing improvements in operating performance, strengthened quality systems, and strategic investments in future-ready capabilities as key drivers, noting that the worst of the volume cycle in Crop Protection appears to be over.

Key Highlights

1. 1

   Hikal Limited reported consolidated revenue of ₹519 crore for Q4FY26, which is an increase of approximately 5.1% quarter-on-quarter, despite a year-on-year decrease of about 6%.

2. 2

   Consolidated EBITDA for Q4FY26 stood at ₹105 crore, with an EBITDA margin of 20.3%, showing a quarter-on-quarter growth of 26.5% but a year-on-year decline of 14.6%.

3. 3

   Profit after tax (PAT) for Q4FY26 was ₹14 crore, a significant recovery from a loss of ₹6 crore in Q3FY26, although it represents a 72% decrease from ₹50 crore in Q4FY25.

4. 4

   For the full financial year 2026, the company achieved a consolidated revenue of ₹1,713 crore and an EBITDA margin of 12.9%.

5. 5

   The Crop Protection business demonstrated robust performance in Q4FY26, with revenues growing by 45% quarter-on-quarter and 13% year-on-year to ₹228 crore.

6. 6

   Hikal’s board approved a final dividend of 20% of face value, bringing the total dividend for the financial year to 30%.

7. 7

   Strategic investments in HPAPI and ADC-related chemistries, alongside an expanded Pune kilo lab, are strengthening the company's integrated end-to-end CDMO capabilities.