Sakar Healthcare LimitedQ1FY27 Results & Financial Update

Sakar Healthcare Limited: Q1FY27 consolidated results and company financials – revenue ₹72.97 Cr, PAT ₹10.28 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: SAKARPublished 28 Sep 2026Reported 24 Jul 2026Updated 5 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹72.97 CrReported Q1FY27
Profit after tax₹10.28 CrReported Q1FY27
EPS₹4.62Reported Q1FY27

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Quarterly Results AnalysisExplore Sakar Healthcare Q1FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Sakar Healthcare registered a robust start to fiscal 2027, reporting consolidated revenue from operations of INR 72.97 crore for the quarter ended June 30, 2026, supported by expanding oncology product authorizations and broad-based export demand.

02

Profitability expanded significantly during the quarter, with profit after tax reaching INR 10.28 crore and basic earnings per share standing at INR 4.62, driven by operating leverage, enhanced production efficiencies, and improved gross margins.

03

The company's gross profit for the quarter stood at INR 38.39 crore, representing a gross profit margin of 53%, compared with 45% in the corresponding period of the previous year.

04

Operating performance benefited from disciplined cost management alongside higher contributions from high-margin oncology products, which deliver approximately double the margins of general formulations.

05

Total income for Q1 FY27 was recorded at INR 74.52 crore, which included other income of INR 1.54 crore, while total expenses aggregated to INR 59.94 crore.

06

Finance costs for the quarter were contained at INR 1.67 crore and depreciation and amortization expenses stood at INR 6.54 crore.

07

The company maintains an active strategy of scaling its oncology portfolio through international marketing authorizations, dossier submissions, and technology transfer arrangements with global pharmaceutical leaders.

01 · Business model

What does Sakar Healthcare do?

Sakar Healthcare Limited is an Ahmedabad-headquartered pharmaceutical manufacturer and exporter specializing in oncology, antibiotics, and general formulations.

The company operates WHO-GMP and EU-GMP certified manufacturing facilities in Gujarat, covering oral solids, injectables, oral liquids, and high-potent oncology products.

Sakar's oncology facility at Bavla is a research-driven, API-integrated unit featuring capabilities from active pharmaceutical ingredients to finished dosage forms, supporting complex cytotoxic formulations.

The business serves customers globally across more than 60 countries through contract development and manufacturing (CDMO/CMO), own brand exports, and technology transfer partnerships with multinational pharmaceutical companies.

02 · Historical context

What shaped the business before this quarter

Evolution from contract manufacturing

Founded by Mr. Sanjay Shah, Sakar Healthcare has evolved over two decades from a traditional contract manufacturer into an API-integrated pharmaceutical organization with a specialized focus on oncology formulations.

Establishment of Bavla facility

The company previously established a state-of-the-art oncology facility at Bavla in Gujarat, equipped with integrated API and finished dosage formulation capabilities to shift towards value-driven vertical integration.

03 · Financial snapshot

Current-quarter financial snapshot

MetricQ1FY27
Revenue from operations₹72.97 Cr
Total income₹74.52 Cr
Profit before tax₹14.58 Cr
Profit after tax₹10.28 Cr
EPS₹4.62

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 14.1% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to 20.0% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹1.54 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

04 · Why it moved

Why the quarter looked the way it did

What drove revenue

Oncology product expansion

Growth was strongly supported by new market authorizations and strong international demand for oncology products across regulated and emerging markets.

Global contract execution

The company executed more than 65 oncology product contracts during the quarter, with over 50 additional commercial discussions underway.

What drove margins

Product mix shift

The increasing share of high-margin oncology formulations, which deliver approximately two times higher margins compared to general formulations, helped improve profitability.

Operating leverage

Higher capacity utilization and operational efficiencies across manufacturing units contributed to gross profit margin expansion to 53% from 45% year-on-year.

05 · Demand, customers & order book

Where demand is coming from

Commercial contracts and dossiers

Sakar shared 261 dossiers globally during the quarter, of which 178 were submitted and 16 received marketing authorizations. Dossiers for 21 of the 32 developed oncology products secured 16 dossier approvals.

Partnership network

The company maintains active relationships with 15 supply partners and 19 API supply partners supporting 8 products.

06 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Single operating segment

The company operates in a single primary business segment dedicated to the manufacturing of pharmaceutical products, including liquid orals, cephalosporin tablets, capsules, dry powder syrups, dry powder injections, liquid injectables, and lyophilized injections.

Geography and market mix

International footprint

Sakar maintains an active commercial presence across more than 60 countries, spanning Europe, the UK, MENA, Africa, Latin America, Canada, APAC, and CIS regions.

07 · Capacity, projects & execution

What is being built, commissioned or delivered

Capacity, production and utilisation

In-house API development

The company has developed 21 APIs in-house, including 16 APIs with written confirmation, 8 commercialized products, 2 APIs with CEP approval, and 5 CEP applications currently in process.

Manufacturing facility standards

Operations utilize advanced containment systems up to OEL Level 4, automated lines sourced from global machinery makers such as GEA, Glatt, and Tofflon, and green chemistry principles including zero liquid discharge systems.

Projects, capex and execution

Technology transfer projects

33 technology transfer projects for oncology products are underway with major partners including Accord-Intas, Torrent, Emcure, Glenmark, and Zydus, with 7 projects having received site variation approvals.

08 · Strategy & new businesses

How the company is trying to change its growth mix

Global partnership agreements

The recent partnership with Zydus Lifesciences for GCC and other emerging markets marked Sakar's 40th global anti-cancer product agreement.

09 · Reported developments

What changed operationally

Regulatory filings and approvals

Completed 26 EU marketing authorization filings, including 15 owned filings, and submitted 33 site variations covering 18 cytotoxic molecules across the EU and the UK, of which 7 have been approved.

10 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Capital allocation & funding

Debt status

The company reported zero financial indebtedness, with no outstanding defaults on loans, revolving credit facilities, or debt securities.

11 · Beyond the numbers

What changed beyond the numbers

Reported update

Secretarial and cost auditor appointments

The Board of Directors approved the appointment of M/s. Kashyap R. Mehta & Partners as secretarial auditors for a five-year term from FY 2026-27 to FY 2030-31 and M/s. Dalwadi & Associates as cost auditors for FY 2026-27.

12 · Key Q&A

The quarter, answered directly

What does Sakar Healthcare do?

Sakar Healthcare Limited is an Ahmedabad-headquartered pharmaceutical manufacturer and exporter specializing in oncology, antibiotics, and general formulations.

What is the clearest takeaway from Q1FY27?

Sakar Healthcare registered a robust start to fiscal 2027, reporting consolidated revenue from operations of INR 72.97 crore for the quarter ended June 30, 2026, supported by expanding oncology product authorizations and broad-based export demand.

What drove revenue or demand?

Growth was strongly supported by new market authorizations and strong international demand for oncology products across regulated and emerging markets.

What mattered most for margins or profitability?

The increasing share of high-margin oncology formulations, which deliver approximately two times higher margins compared to general formulations, helped improve profitability.

What changed operationally beyond the headline numbers?

The company has developed 21 APIs in-house, including 16 APIs with written confirmation, 8 commercialized products, 2 APIs with CEP approval, and 5 CEP applications currently in process.

What should the next disclosure help confirm?

Monitor the commercial launch and supply ramp-up following recent EU and UK marketing authorizations and site variation approvals for oncology products.

13 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

14 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Conversion of regulatory approvals: Monitor the commercial launch and supply ramp-up following recent EU and UK marketing authorizations and site variation approvals for oncology products.

  2. 02

    Technology transfer execution: Track the progress of the 33 ongoing oncology technology transfer projects with global pharmaceutical partners towards final site approvals and commercialization.

Learn the metrics

Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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