Rubicon Research Limited — Q2FY27 earnings call summary

Filed 12 November 2026 · Official transcript

Three manufacturing sites pre-revenue; Pithampur to start FY28; others timeline uncertain
Q2 FY27 revenue grew 40% y-y to INR577 Cr; EBITDA INR146 Cr, PAT INR90 Cr
Operating EBITDA margin guided at 24%+ for full FY27
H1 FY27 revenue INR1,111 Cr (+45% y-y); PAT INR175 Cr (+80% y-y)
Sequential USD revenue growth 5% in Q2; specialty products drive stable pricing and gross profit
Arinna acquisition included; focus on growth before margin improvement
R&D spend steady at ~10.8% of revenue; productivity improving with 5.8x revenue growth impact
Regulatory inspections recent; observations procedural, no data integrity issues