Indoco Remedies shares gain after Q2 net loss improves, revenue rises 12%

Shares of Indoco Remedies Ltd. gained on Thursday, November 6, after the company witnessed a slight improvement in earnings in the second quarter.

The company's net loss improved to ₹8 crore from ₹9.6 crore in the September quarter last year.

Its revenue increased 12% to ₹485 crore from ₹433 crore in the srecond quarter last fiscal.

Indoco Remedies' earnings before interest, tax, depreciation and amortisation (EBITDA) increased 6.6% in the September quarter to ₹43.4 crore from ₹41 crore last year.

Its margins contracted marginally to 9% from 9.4% in the year-ago period.

Q1 performance

Indoco Remedies had reported a net loss of ₹35.6 crore in the June quarter of the financial year 2026 compared to a net profit of ₹2.6 crore in the same period of the previous year.

Its revenue increased 1.5% to ₹438 crore from 431.5 crore in the first quarter of FY25.

The company's EBITDA declined 62.8% to ₹17.8 crore in the first quarter from ₹47.8 crore in the previous year.

As a result, its EBITDA margin had contracted to 4.06% in the first quarter from 11.08% in the year-ago period.

Shares of Indoco Remedies were up 1.5% at 275 crore around 11.55 am on Thursday. The stock has gained 14.4% in the last six months but has declined nearly 18% this year, so far.

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