FDC Limited announced its Q3 FY26 results with revenue from operations remaining relatively stable at ₹465 crores. The company experienced strong growth in export formulations, with a 55.0% year-over-year increase. EBITDA stood at ₹52 crores, with margins improving to 11.2%. The US business showed recovery with significant revenue growth driven by improved execution and demand momentum.
Financial Performance Overview
FDC Limited (NSE: FDC, BSE: 531599) reported its consolidated financial results for Q3 FY26 (October-December 2025). Revenue from operations stood at ₹465 crores, a slight increase of 0.1% compared to Q3 FY25. For the nine-month period, revenue was ₹1,586 crores, reflecting a decrease of 1.9%.
Profitability
EBITDA for Q3 FY26 was ₹52 crores, a 12.1% increase year-over-year. The EBITDA margin improved to 11.2% from 10.1%. PBT (before exceptional items) reached ₹57 crores, up 11.7%. However, PBT (after exceptional items) decreased by 28.9% to ₹36 crores. PAT (Profit After Tax) was ₹28 crores, with an EPS of ₹1.74.
Segmental Performance
Domestic Formulations sales were ₹369 crores for Q3 FY26, a de-growth of 5.2%. Export Formulations (US) grew significantly, reaching ₹25 crores, a 199.1% increase. Export Formulations (Non-US) saw a 23.2% growth, with sales of ₹46 crores. API sales declined by 17.0% to ₹23 crores.
Domestic Formulations
Domestic Formulations accounted for 80% of total consolidated sales during the quarter. Despite a decrease compared to the previous year, the company’s Electral brand continued to strengthen its market position, improving its rank in the IPM (MAT December 31, 2025).
Export Formulations
Export Formulations contributed 15% to the company’s consolidated sales. FDC has seen improvements in performance driven by enhanced supplies and execution across focused markets.
US Business Recovery
The US business continues its recovery, with revenue from supplies at ₹43 crores for the nine-month period. This reflects a Y-o-Y growth of 82.8%. Overall US business revenue grew 2.1%, with underlying performance improving.
Source: BSE
