| Revenue growth | 43.5% YoY for Q4; 36.6% for FY26. |
|---|---|
| Margins | Operating EBITDA holding in 22-23% range despite higher outsourcing. |
| Demand visibility | Strong visibility for FY29/30 based on current R&D spend. |
| Management confidence | High; citing strong revenue visibility and R&D productivity trends. |
Growth
FY26 revenue reached ₹17,540M, a 36.6% increase YoY. PAT surged 83.6% to ₹2,467M with EBITDA margins improving to 23.3%.
Outlook
Guided ₹5,000M+ R&D spend over 9 quarters; Pithampur site production ramp-up expected in Q1 CY27 to be margin accretive.
Risks
Reliance on outsourced manufacturing due to internal capacity constraints has slightly contracted sequential gross margins from 66.5% to 66.3%.
Earnings Call filed with BSE, NSE: RUBICON. Summary written with AI assistance from the document.
Rubicon Research Ltd: key numbers
- Share price
- ₹1,570.00
- Market cap
- ₹25,989 Cr
- Revenue (annual)
- ₹1,754 Cr
- Net profit (annual)
- ₹246.7 Cr
- P/E (TTM)
- 90.2×Sector 47.4×
- Promoter holding
- 59.76%-0.10% QoQ
- FII holding
- 7.52%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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Rubicon Research Other Announcement
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