Anthem FY26 PAT Rises 31% to ₹5,918 Mn
Anthem Biosciences Limited reported a 31.1% increase in FY26 Profit After Tax to ₹5,918 Mn, with Revenue from Operations growing 15.2% to ₹21,243 Mn. Q4FY26 revenue surged 26.4% year-on-year to ₹6,109 Mn, while PAT jumped 129.8% to ₹1,898 Mn, driven by strong performance in CRDMO and Specialty Ingredients segments.

*this image is generated using AI for illustrative purposes only.
Anthem Biosciences Limited has announced its audited consolidated financial results for the quarter and financial year ended March 31, 2026. The company reported its highest revenue quarter ever in Q4FY26, driven by strong performance across its CRDMO and Specialty Ingredients segments.
Q4FY26 Financial Performance
For the quarter ended March 31, 2026, the company reported Revenue from Operations of ₹6,109 Mn, a growth of 26.4% compared to ₹4,832 Mn in the same period last year. On a sequential basis, revenue grew 44.4% from ₹4,232 Mn in Q3FY26. The CRDMO segment contributed ₹5,128 Mn, while Specialty Ingredients contributed ₹981 Mn. Profit After Tax (PAT) for the quarter surged 129.8% to ₹1,898 Mn from ₹826 Mn in Q4FY25. EBITDA stood at ₹3,184 Mn, with margins expanding to 48.1% from 40.38% in the same period last year.
The following table summarises Anthem Biosciences' key financial metrics for Q4FY26:
| Metric (₹ Mn) | Q4FY26 | Q4FY25 | YoY Growth |
|---|---|---|---|
| Revenue from Operations | 6,109 | 4,832 | 26.4% |
| EBITDA | 3,184 | 2,092 | 52.2% |
| EBITDA Margin | 48.1% | 40.38% | — |
| Profit After Tax | 1,898 | 826 | 129.8% |
FY26 Annual Results
For the full financial year 2025-26, Revenue from Operations grew 15.2% to ₹21,243 Mn from ₹18,446 Mn in FY25. The CRDMO business recorded revenues of ₹17,727 Mn, and Specialty Ingredients recorded ₹3,516 Mn. PAT for the year increased 31.1% to ₹5,918 Mn, while EBITDA grew 30.8% to ₹9,896 Mn. The company maintained a healthy net cash position of ₹13,743 Mn as of March 31, 2026.
| Metric (₹ Mn) | FY26 | FY25 | YoY Growth |
|---|---|---|---|
| Revenue from Operations | 21,243 | 18,446 | 15.2% |
| EBITDA | 9,896 | 7,566 | 30.8% |
| Profit After Tax | 5,918 | 4,513 | 31.1% |
| Net Cash Position | 13,743 | — | — |
Operational Highlights
The company's EBITDA and PAT for the year grew by more than 30%, in line with its growth aspirations. Management attributed the performance to prudent cost management and a focus on long-term value creation. Profit before tax before exceptional items for FY26 stood at ₹8,486 Mn, with an exceptional item of ₹244 Mn recognized regarding the impact of new labour codes. For Q4FY26, the exceptional item was a credit of ₹10 Mn.
Anthem Biosciences continues to invest in expanding its manufacturing capacity, including a new greenfield facility at Harohalli, Bangalore, with a Phase I investment of ₹12,000 Mn. The company will conduct an earnings call on May 20, 2026, at 11:00 am IST to discuss the financial and business performance.
How will the ₹12,000 Mn Harohalli greenfield facility impact Anthem Biosciences' revenue capacity and EBITDA margins once Phase I becomes operational?
Given the strong net cash position of ₹13,743 Mn, is Anthem Biosciences likely to pursue acquisitions, accelerate capacity expansion, or return capital to shareholders in FY27?
Can Anthem Biosciences sustain EBITDA margins above 45% as it scales up manufacturing operations and incurs higher depreciation from new capital investments?

































