Makers Laboratories Reports Mixed Q2 FY26 Results: Standalone Loss Amid Revenue Growth
Makers Laboratories Limited reported mixed Q2 FY26 results. Standalone revenue increased 34.7% YoY to ₹1,372.68 crore, but resulted in a net loss of ₹6.18 crore. Consolidated revenue grew 16.8% to ₹3,453.11 crore, with net profit declining 41.9% to ₹74.70 crore. The chemical manufacturing segment remained profitable, while the pharmaceutical segment reported a loss. Half-year standalone results showed 10.8% revenue growth but a net loss of ₹70.86 crore.

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Makers Laboratories Limited, a pharmaceutical and chemical manufacturing company, has reported mixed financial results for the second quarter of fiscal year 2026. The company's standalone performance showed a net loss despite revenue growth, while its consolidated results demonstrated a profit.
Standalone Performance
For the quarter ended September 30, 2025, Makers Laboratories reported:
| Metric | Q2 FY26 | Q2 FY25 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹1,372.68 crore | ₹1,018.83 crore | +34.7% |
| Net Loss | ₹6.18 crore | Profit of ₹5.85 crore | - |
The company's standalone revenue from operations increased by 34.7% year-over-year to ₹1,372.68 crore. However, despite this growth, Makers Laboratories reported a net loss of ₹6.18 crore for the quarter, compared to a profit of ₹5.85 crore in the same period last year.
Half-Year Standalone Results
For the half-year period ended September 30, 2025:
| Metric | H1 FY26 | H1 FY25 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹2,636.78 crore | ₹2,379.30 crore | +10.8% |
| Net Loss | ₹70.86 crore | Profit of ₹77.48 crore | - |
The company's half-year revenue showed a 10.8% increase, but it reported a significant net loss of ₹70.86 crore compared to a profit in the previous year.
Consolidated Performance
On a consolidated basis, which includes the performance of its subsidiary, Resonance Specialties Limited, the company reported:
| Metric | Q2 FY26 | Q2 FY25 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹3,453.11 crore | ₹2,956.80 crore | +16.8% |
| Net Profit | ₹74.70 crore | ₹128.61 crore | -41.9% |
The consolidated results show a 16.8% increase in revenue from operations, but a 41.9% decrease in net profit compared to the same quarter last year.
Segment Performance
Makers Laboratories operates in two segments:
- Pharmaceutical
- Chemical Manufacturing
The chemical manufacturing segment remained profitable, while the pharmaceutical segment reported a loss for the quarter.
Balance Sheet Highlights
As of September 30, 2025, the company's consolidated balance sheet showed:
- Total Assets: ₹14,794.82 crore
- Total Equity: ₹7,050.59 crore
- Non-controlling Interest: ₹4,468.60 crore
Conclusion
Makers Laboratories Limited's Q2 FY26 results present a mixed picture. While the company has achieved revenue growth both on a standalone and consolidated basis, profitability remains a concern, especially in its standalone operations. The chemical manufacturing segment continues to contribute positively to the consolidated results, offsetting some of the challenges faced in the pharmaceutical segment.
Historical Stock Returns for Makers Laboratories
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.59% | +3.41% | -10.00% | -12.83% | -20.85% | +28.18% |





























