Solara Active Pharma Sciences Limited (SOLARA) has reported a stellar Q2 FY27 performance, with revenue surging 33% year-on-year to INR 4,178 Mn and EBITDA more than doubling to INR 769 Mn, marking its best quarter in five years. The company’s base business, excluding Ibuprofen, saw revenue grow 37% to INR 3,273 Mn and EBITDA jump 68% to INR 771 Mn. The Ibuprofen business, which was previously a loss-making segment, is now close to breakeven with revenue up 21% year-on-year and 18% quarter-on-quarter. The company’s overall profitability has improved significantly, with PAT turning positive at INR 285 Mn, compared to a loss of INR 101 Mn in the same period last year.

Base Business Performance

The base business continues to drive the overall growth, with revenue increasing 37% year-on-year to INR 3,273 Mn and EBITDA growing 68% to INR 771 Mn. The EBITDA margin expanded by 440 basis points year-on-year to 23.6%, reflecting improved business and operational efficiency.

Ibuprofen Business Turnaround

The Ibuprofen business has shown significant improvement, with revenue growing 21% year-on-year and 18% quarter-on-quarter. The EBITDA loss has narrowed to INR 2 Mn from INR 87 Mn in the previous quarter, indicating the business is now close to breakeven.

Overall Financial Health

Overall, Solara Active Pharma Sciences Limited has achieved its highest quarterly EBITDA and PAT in the last five years. Net debt has decreased by INR 1,141 Mn in H1 FY27 to INR 5,000 Mn, and the net debt to EBITDA ratio has improved to 1.8x from 3.2x at the end of FY26, strengthening the company’s balance sheet.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Solara Active Pharma Sciences Limited

Solara Active Pharma Sciences Limited belongs to the Healthcare › Drug Manufacturers – Specialty & Generic sector. Here’s a quick read on where the business and the stock stand today.

Solara posts a 13.7% three-month gain, but softens in the last few weeks. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Revenue contracts at -1.2% CAGR. That signals structural headwinds, not a short-term blip. The stock gives back 9.4% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. The stock holds up despite -1.2% revenue growth and a PEG of 99.00. That could signal an early turnaround. Alternatively, index flows simply support the price. Watch whether analysts revise estimates upward — that is the real signal. Check Fundamentals of Solara Active Pharma Sciences Limited.

Mankind Pharma Limited (NSE: MANKIND) announced its plan to acquire a majority stake in Armed Cell Therapeutics, marking a strategic move into next-generation CAR-T therapies. The company will invest EUR 48 million to acquire a 70% stake in Armed Cell Therapeutics (ACTx), a Belgium-based biotechnology company developing advanced CAR-T therapies for cancer. This acquisition is part of Mankind Pharma’s long-term strategy to build a global innovation-led pharmaceutical business.

Strategic Move into CAR-T Therapies

The investment in ACTx is designed to enhance Mankind Pharma’s pipeline of breakthrough therapies. ACTx has a pipeline of next-generation CAR-T assets, with lead programs in non-Hodgkin lymphoma and small cell lung cancer. The company’s R&D activities are led by highly experienced teams located in the US and EU. This partnership propels Mankind’s vision of being an innovative, research-focused healthcare company.

Leadership and Vision

Mr. Arjun Juneja, Chief Operating Officer of Mankind Pharma Ltd., shared, “Innovation will be one of the defining growth engines for Mankind over the coming decades. This investment is the first step in building a global pipeline of breakthrough therapies. As the company scales its presence across complex and chronic therapy areas, Mankind, with this venture, is getting access to cutting-edge & differentiated scientific platforms, experienced leadership team and potential to generate multiple next-generation CAR-T candidates.”

Future Prospects

Dr. Paul Stoffels, Chair of the Board, Armed Cell Therapeutics, shared, “Next-generation CAR-T therapies can reach many more patients if we make them more powerful and durable. Armed Cell Therapeutics has the assets, the team and now the backing of Mankind to do exactly that. I am pleased to chair the Board and support the team.”

This acquisition marks a significant step for Mankind Pharma as it aims to deliver advanced, innovation-led therapies globally, while remaining committed to quality, affordability, and accessibility.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Mankind Pharma Limited

Mankind Pharma Limited belongs to the Healthcare › Drug Manufacturers – Specialty & Generic sector. Here’s a quick read on where the business and the stock stand today.

Mankind moves sideways over three months, with neither buyers nor sellers taking control. The PEG reaches 3.32. The stock trades on brand and index weight, not on growth. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. The stock gains 2.9% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 17.7% and profits at 14.3% CAGR, with D/E of 0.58. Meanwhile, the stock dips 5.5% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Mankind Pharma Limited.

Zydus Lifesciences Limited (ZYDUSLIFE) has announced a significant step towards expanding its international footprint. On 13 October 2026, Zydus Sunshine Lifesciences (Pvt) Ltd, the joint venture between Zydus Lifesciences Limited and Sunshine Healthcare, signed an agreement with the Board of Investment of Sri Lanka to establish a pharmaceutical manufacturing facility in the BOI zone in Horana, Sri Lanka. This strategic move is expected to commence commercial operations by 2028, subject to project timelines and regulatory approvals.

Phased Investment of Over USD 20 Million

The project involves a phased investment of over USD 20 million. The facility will be developed on a site of nearly four acres. In its first phase, the facility will manufacture oral solid dosage forms for the Sri Lankan market. This investment supports Zydus’ commitment to expanding access to quality medicines and strengthens the company’s international presence.

Strengthening Medicine Supply Chain Resilience

Local manufacturing is anticipated to enhance medicine supply chain resilience and support the availability of essential medicines in Sri Lanka. As a result, Zydus Lifesciences Limited (ZYDUSLIFE) is poised to make a substantial impact on the pharmaceutical landscape in Sri Lanka and beyond. This agreement marks a pivotal moment for the company as it continues to grow and innovate in the global pharmaceutical sector.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Zydus Lifesciences Limited

Zydus Lifesciences Limited belongs to the Healthcare › Drug Manufacturers – Specialty & Generic sector. Here’s a quick read on where the business and the stock stand today.

Zydus holds in the upper half of its 52-week range, a sign the market backs the stock. The PEG of 0.68 signals undervaluation relative to growth. It is a potential re-rating candidate. The business compounds revenue at 16.5% and profits at 37.0% CAGR. That is strong double-digit growth on both counts. The stock gains 0.5% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 16.5% and profits at 37.0%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Zydus Lifesciences Limited.