FDC Limited

FDC Delivering Excellence

Date:- May 27, 2026

To,
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai- 400 001

National Stock Exchange of India Ltd.
Exchange Plaza, Plot no. C/1, G Block,
Bandra - Kurla Complex, Bandra (E),
Mumbai - 400 051

Scrip Code: 531599
NSE Symbol: FDC

Dear Sir / Madam,

Sub.: Outcome of Board Meeting held on May 27, 2026

Pursuant to Regulation 30 (6) and 33 read with Schedule III of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), this is to inform you that the Board of Directors of FDC Limited ("the Company") at their meeting held today i.e. on May 27, 2026 inter-alia, has considered and:

Approved the Audited Standalone and Consolidated Financial Results ("Financial Results") of the Company for the quarter and financial year ended on March 31, 2026. A copy of duly signed Financial Results of the Company for the quarter and financial year ended on March 31, 2026 along with audit reports thereon are enclosed as Annexure A.

It is hereby declared that M/s. BSR & Co. LLP, Chartered Accountants, the Statutory Auditors of the Company, have issued Auditors Reports with an Unmodified Opinion on the aforesaid Financial Results.

Approved the re-appointment of 'M/s. GMVP & Associates LLP', Cost Accountants (Firm Registration no. 000910) as a Cost Auditor of the company for the financial year 2026-2027.

Requisite details as per SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 ('SEBI Master Circular') are enclosed in Annexure B.

REGISTERED OFFICE

FDC House, C-11 & 12, Dalia Industrial Estate, Oshiwara Village, Off New Link Road, Andheri (West), Mumbai - 400 053, Maharashtra, INDIA.

Phones: +91-22-69107100 • E-mail: [email protected] • Website: www.fdcindia.com • CIN: L24239MH1940PLC003176

FDC Limited

FDC Delivering Excellence

Approved the re-appointment of M/s. Ford, Rhodes, Parks & Co., Chartered Accountants, Mumbai, as a Tax Auditor of the company for the financial year 2026-2027.

Requisite details as per SEBI Master Circular are enclosed in Annexure C.

The Board Meeting commenced at 12.30 p.m. and concluded at 02.55 p.m.

Kindly take the above on record.

Thanking you,

For FDC LIMITED

VARSHAR
ANI KATRE
Digitally signed
by VARSHARANI
KATRE
Date: 2026.05.27
15:00:56 +05'30'

Varsharani Katre
Company Secretary & Legal Head
M. No.: FCS-8948

REGISTERED OFFICE

FDC House, C-11 & 12, Dalia Industrial Estate, Oshiwara Village, Off New Link Road, Andheri (West), Mumbai - 400 053, Maharashtra, INDIA.

Phones: +91-22-69107100 • E-mail: [email protected] • Website: www.fdcindia.com • CIN: L24239MH1940PLC003176

FDC Limited
FDC Delivering Excellence

Statement of standalone financial results for the quarter and year ended March 31, 2026
Rs. in lakhs

Sr. No.	Particulars	Quarter Ended 31.03.2026	Quarter Ended 31.12.2025	Quarter Ended 31.03.2025	Year Ended 31.03.2026	Year Ended 31.03.2025
		(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
1	Revenue from operations	56,436.37	45,794.05	48,200.43	2,12,632.72	2,07,011.19
2	Other income	4,716.43	2,206.97	3,142.56	11,100.06	10,551.84
3	Total income (1+2)	61,152.80	48,001.02	51,342.99	2,23,732.78	2,17,563.03
4	Expenses
	a) Cost of materials consumed	14,258.77	10,884.22	15,468.55	56,234.60	57,569.23
	b) Purchases of stock-in-trade	2,917.98	2,097.84	3,203.19	11,554.74	12,011.98
	c) Changes in inventories of finished goods, work in progress and stock-in-trade	1,843.78	2,454.16	(2,678.37)	1,112.66	2,858.27
	d) Employee benefits expense	10,739.60	11,839.42	11,986.92	47,606.92	47,722.24
	e) Finance costs	149.86	111.55	118.20	492.42	448.80
	f) Depreciation and amortisation expense	1,431.34	1,475.06	1,552.87	5,910.41	5,360.58
	g) Other expenses	15,515.01	13,757.65	14,937.53	60,905.80	54,824.77
	Total expenses	46,856.34	42,419.90	44,588.89	1,83,817.55	1,80,795.87
5	Profit before tax and exceptional item (3-4)	14,296.46	5,581.12	6,754.10	39,915.23	36,767.16
6	Exceptional item (Refer Note 3)	-	2,078.91	-	2,078.91	-
7	Profit before tax (5-6)	14,296.46	3,502.21	6,754.10	37,836.32	36,767.16
8	Tax expense
	a) Current tax	3,100.00	930.00	1,559.00	8,630.00	8,500.00
	b) Deferred tax	489.43	(146.50)	373.55	613.98	904.56
9	Net profit after tax (7-8)	10,707.03	2,718.71	4,821.55	28,592.34	27,362.60
10	Other comprehensive income
	(i) Items that will not be reclassified subsequently to profit or loss	222.17	25.96	(342.45)	97.76	(304.59)
	(ii) Income tax relating to items that will not be reclassified to profit or loss	(45.12)	(1.85)	86.18	(4.71)	81.39
	Total other comprehensive income (net of tax)	177.05	24.11	(256.27)	93.05	(223.20)
11	Total comprehensive income for the period (9+10)	10,884.08	2,742.82	4,565.28	28,685.39	27,139.40
12	Paid-up equity share capital (Face Value Re.1 each)	1,628.10	1,628.10	1,628.10	1,628.10	1,628.10
13	Other equity	-	-	-	2,47,635.75	2,27,090.89
14	Basic and diluted earnings per share (Rs.) (Face Value Re.1 each)	6.58	1.67	2.96	17.56	16.81
		Not annualised	Not annualised	Not annualised	Annualised	Annualised

See accompanying notes to the audited standalone financial results

REGISTERED OFFICE
FDC House, C-11 & 12, Dalia Industrial Estate, Oshiwara Village, Off New Link Road, Andheri (West), Mumbai - 400 053, Maharashtra. INDIA
Phones: +91-22-69107100 E-mail: [email protected] • Website: www.fdcindia.com • CIN: L24239MH1940PLC003176

No.

Standalone statement of assets and liabilities
Rs. in lakhs

| | Particulars | As at
31.03.2026
(Audited) | As at
31.03.2025
(Audited) |
| --- | --- | --- | --- |
| I | ASSETS | | |
| 1 | Non-current assets | | |
| | (a) Property, plant and equipment | 94,790.15 | 81,505.49 |
| | (b) Capital work-in-progress | 9,610.35 | 13,609.42 |
| | (c) Right-of-use assets | 4,362.71 | 2,894.15 |
| | (d) Other intangible assets | 251.34 | 350.36 |
| | (e) Intangible assets under development | 38.77 | 7.70 |
| | (f) Financial assets | | |
| | (i) Investments | 59,715.86 | 56,507.46 |
| | (ii) Loans | 50.09 | 81.34 |
| | (iii) Other financial assets | 420.41 | 336.34 |
| | (g) Income tax assets (net) | 6,758.09 | 7,161.90 |
| | (h) Other non-current assets | 4,295.29 | 1,772.10 |
| | Total non-current assets | 1,80,293.06 | 1,64,226.26 |
| 2 | Current assets | | |
| | (a) Inventories | 34,366.04 | 36,770.06 |
| | (b) Financial assets | | |
| | (i) Investments | 47,272.83 | 48,465.19 |
| | (ii) Trade receivables | 14,237.04 | 10,388.36 |
| | (iii) Cash and cash equivalents | 3,746.70 | 3,967.49 |
| | (iv) Bank balances other than (iii) above | 131.69 | 129.95 |
| | (v) Loans | 94.82 | 144.03 |
| | (vi) Other financial assets | 1,874.64 | 865.30 |
| | (c) Other current assets | 9,220.29 | 5,732.50 |
| | Assets held for sale | 1,10,944.05 | 1,06,462.88 |
| | Total current assets | 1,10,944.05 | 1,06,805.72 |
| | TOTAL ASSETS | 2,91,237.11 | 2,71,031.98 |
| II | EQUITY AND LIABILITIES | | |
| | EQUITY | | |
| | (a) Equity share capital | 1,628.10 | 1,628.10 |
| | (b) Other equity | 2,47,635.75 | 2,27,090.89 |
| | Total equity | 2,49,263.85 | 2,28,718.99 |
| | LIABILITIES | | |
| 1 | Non-current liabilities | | |
| | (a) Financial liabilities | | |
| | (i) Borrowings | - | - |
| | (ii) Lease Liabilities | 1,059.55 | 1,200.69 |
| | (b) Provisions | 2,846.60 | 3,606.72 |
| | (c) Deferred tax liabilities (net) | 2,644.83 | 2,004.68 |
| | Total non-current liabilities | 6,550.98 | 6,812.09 |
| 2 | Current liabilities | | |
| | (a) Financial liabilities | | |
| | (i) Borrowings | - | - |
| | (ii) Lease Liabilities | 486.95 | 905.18 |
| | (iii) Trade payables | | |
| | (A) Total outstanding dues of micro and small enterprises | 1,885.72 | 1,238.36 |
| | (B) Total outstanding dues of creditors other than micro and small enterprises | 18,136.01 | 18,913.33 |
| | (iii) Other financial liabilities | 10,023.74 | 9,992.21 |
| | (b) Other current liabilities | 1,455.28 | 1,361.32 |
| | (c) Provisions | 3,165.25 | 2,402.78 |
| | (d) Current tax liabilities (net) | 269.33 | 687.72 |
| | Total Current liabilities | 35,422.28 | 35,500.90 |
| | TOTAL EQUITY AND LIABILITIES | 2,91,237.11 | 2,71,031.98 |

^{}[]

FDC Limited
No.

Standalone statement of cash flows

Particulars	For the year ended 31.03.2026 (Audited)	For the Year ended 31.03.2025 (Audited)
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax	37,836.32	36,767.16
Adjustments to reconcile profit before tax to net cash flows:
Depreciation and amortisation expenses	5,910.41	5,360.58
Finance cost	492.42	448.80
Interest income	(5,308.22)	(4,752.88)
Net gain on sale of property, plant and equipment	(2,426.27)	(425.96)
Dividend income on equity securities at FVOCI	(0.36)	(0.36)
Gain on sale of investments	(749.73)	(608.57)
Change in fair value of financial assets at FVTPL	(1,179.23)	(2,430.09)
Provision for impairment in the value of investments written back	-	(1,496.02)
Bad debts	-	13.25
Unrealised foreign exchange (gain) / loss on restatement	(208.12)	(34.27)
Gain on cancellation of lease	(42.52)	(87.26)
Allowances for credit loss	26.31	21.45
OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES	34,351.01	32,775.83
Working capital adjustments:
Decrease in inventories	2,404.02	1,576.48
(Increase) / Decrease in trade receivables	(3,696.71)	1,001.04
(Increase) / Decrease in financial assets	(595.49)	352.82
(Increase) / Decrease in other assets	(3,475.80)	1,288.75
Increase / (Decrease) in provision & employee benefits	(82.89)	687.68
Increase / (Decrease) in trade payables & other liabilities (including financial liabilities)	(263.88)	3,633.20
CASH GENERATED FROM OPERATING ACTIVITIES	28,640.26	41,315.80
Income taxes paid	(8,623.12)	(10,282.01)
NET CASH GENERATED FROM OPERATING ACTIVITIES (A)	20,017.14	31,033.79
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of property, plant and equipment	(18,629.99)	(9,662.07)
Proceeds from sale of property, plant and equipment	2,629.26	578.75
Purchase of investments	(50,685.23)	(53,559.83)
Proceeds from sale of investments	50,781.15	38,138.04
(Increase) in fixed and margin deposits	(23.54)	(8.50)
(Increase) in lease deposits	(3.38)	(163.48)
Dividends received	0.36	0.36
Interest received	5,007.76	4,731.61
NET CASH FLOW (USED IN) INVESTING ACTIVITIES (B)	(10,923.61)	(19,945.12)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid	(8,102.50)	(8,113.37)
Finance cost paid	(72.43)	(75.47)
Principal repayment of lease liabilities	(916.75)	(816.23)
Payment of interest on lease liabilities	(223.64)	(201.89)
Repayment of sales tax deferral loan	-	(3.21)
NET CASH FLOW (USED IN) FINANCING ACTIVITIES (C)	(9,315.32)	(9,210.17)
NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS (A)+(B)+(C)	(221.79)	1,878.50
Effects of movement in exchange rate on cash held	1.00	11.63
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD	3,967.49	2,077.36
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD	3,746.70	3,967.49

FDC Limited
No.

Notes:

The above audited standalone financial results which are published in accordance with Regulation 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 ('Listing Regulations') for the quarter and financial year ended March 31, 2026 have been reviewed and recommended by the Audit Committee and have been approved by the Board of Directors at their respective meeting held on May 27, 2026. The Statutory Auditors have expressed an unmodified audit opinion. The audit report has been filed with the stock exchange and is available on the company's website.
The Board of Directors of the company at their meeting held on February 5, 2026, has considered and approved an interim dividend of ₹ 5/- per equity share of face value ₹ 1/- each for the financial year 2025-26. During the previous year, the Company had paid an interim dividend of ₹ 5/- per equity share of face value ₹ 1/- each for the Financial Year 2024-25, as approved by the Board of Directors of the Company at their meeting held on November 6, 2024.
The Government of India has notified the four Labour Codes ('New Labour Codes') effective November 21, 2025, along with draft Central Rules and FAQs. The Company has assessed the estimated impact arising on account of the changes in the New Labour Codes especially due to the change in wage definition based on its best judgement in consultation with external experts. Accordingly, the Company has recognised incremental estimated obligations aggregating ₹2,078.91 lakhs based on actuarial valuation in accordance with Ind AS 19 – 'Employee Benefits' and consistent with guidance provided by the Institute of Chartered Accountants of India. The incremental impact has been disclosed as an exceptional item given the non-recurring nature of this expense arising on account of a regulatory change. The Company is in the process of reassessing and implementing policy changes to its existing employee benefit policies. The Company continues to monitor the finalisation of Central and State Rules and clarifications from the Government on other aspects of the New Labour Codes and would provide appropriate accounting effect on the basis of such developments, if any, as required.
The Company recognised a fair value loss of ₹ 1,329.75 lakhs under other expenses in the quarter ended March 31, 2026 (₹ 197.01 lakhs in previous year) in accordance with Ind AS 109 – 'Financial Instruments'. However, for the period ended March 31, 2026, a net fair value gain of ₹ 1,179.23 lakhs (₹ 2,430.09 lakhs in previous year) was recorded under other income. Due to this treatment, the quarterly numbers may not be directly additive to the year-to-date (YTD) numbers, as fair value changes are recognised based on market conditions prevailing at different reporting dates.
The Company has only one segment of activity namely "Pharmaceuticals".
The above results are also available on the website of the Company i.e. www.fdcindia.com and on the website of the Stock Exchanges i.e. www.nseindia.com and www.bseindia.com.
The figures for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between audited figures in respect of full financial year and the unaudited published year to date figures upto nine months ended December 31, 2025 and December 31, 2024 respectively.

Place: Mumbai
Date: May 27, 2026

For and on behalf of the Board

B S R & Co. LLP
Chartered Accountants
14th Floor, Central B Wing and North C Wing
Nesco IT Park 4, Nesco Center
Western Express Highway
Goregaon (East), Mumbai – 400 063, India
Telephone: +91 (22) 6257 1000
Fax: +91 (22) 6257 1010

Independent Auditor's Report

To the Board of Directors of FDC Limited

Report on the audit of the Standalone Annual Financial Results

Opinion

We have audited the accompanying standalone annual financial results of FDC Limited (hereinafter referred to as the “Company”) for the year ended 31 March 2026, attached herewith, (in which are included financial information of one branch located at Hampshire, United Kingdom), being submitted by the Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone annual financial results:

a. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
b. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards, and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information for the year ended 31 March 2026.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under section 143(10) of the Companies Act, 2013 (“the Act”). Our responsibilities under those SAs are further described in the Auditor’s Responsibilities for the Audit of the Standalone Annual Financial Results section of our report. We are independent of the Company, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us, is sufficient and appropriate to provide a basis for our opinion on the standalone annual financial results.

Management’s and Board of Directors’ Responsibilities for the Standalone Annual Financial Results

These standalone annual financial results have been prepared on the basis of the standalone annual financial statements.

The Company’s Management and the Board of Directors are responsible for the preparation and presentation of these standalone annual financial results that give a true and fair view of the net profit/ loss and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively

Registered Office:
14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai – 400063

Page 1 of 3

B S R & Co. LLP

Independent Auditor's Report (Continued)

FDC Limited

for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone annual financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the standalone annual financial results, the Management and the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors is responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Standalone Annual Financial Results

Our objectives are to obtain reasonable assurance about whether the standalone annual financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone annual financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the standalone annual financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the standalone annual financial results made by the Management and Board of Directors.
Conclude on the appropriateness of the Management's and Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the standalone annual financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the standalone annual financial results, including the disclosures, and whether the standalone annual financial results represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Page 2 of 3

B S R & Co. LLP

Independent Auditor's Report (Continued)

FDC Limited

Other Matter(s)

a. The standalone annual financial results include the results for the quarter ended 31 March 2026 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

For B S R & Co. LLP
Chartered Accountants
Firm's Registration No.:101248W/W-100022

Mumbai
27 May 2026

Membership No.: 078305
UDIN:26078305KCXLYH9836

Page 3 of 3

FDC

Delivering Excellence

Statement of consolidated financial results for the quarter and year ended March 31, 2026
Rs. in lakhs

Sr. No.	Particulars	Quarter Ended 31.03.2026	Quarter Ended 31.12.2025	Quarter Ended 31.03.2025	Year Ended 31.03.2026	Year Ended 31.03.2025
		(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
1	Revenue from operations	58,478.71	46,470.77	49,188.93	2,17,093.32	2,10,812.04
2	Other income	4,989.08	2,079.82	1,607.88	11,351.83	9,066.08
3	Total income (1+2)	63,467.79	48,550.59	50,796.81	2,28,445.15	2,19,878.12
4	Expenses
	a) Cost of materials consumed	14,893.28	10,847.03	15,663.75	57,637.29	58,124.41
	b) Purchases of stock-in-trade	4,177.94	1,762.81	3,262.27	12,759.88	12,744.02
	c) Changes in inventories of finished goods, work in progress and stock-in-trade	1,490.19	2,545.49	(2,791.80)	699.27	2,759.42
	d) Employee benefits expense	10,930.06	12,008.26	12,160.58	48,254.70	48,236.72
	e) Finance costs	154.62	112.07	119.22	498.57	450.96
	f) Depreciation and amortisation expense	1,435.46	1,478.34	1,556.19	5,924.29	5,373.22
	g) Other expenses	16,351.21	14,079.27	15,495.76	63,132.39	56,467.61
	Total expenses	49,432.76	42,833.27	45,465.97	1,88,906.39	1,84,156.36
5	Profit before tax and exceptional item(3-4)	14,035.03	5,717.32	5,330.84	39,538.76	35,721.76
6	Exceptional item (Refer Note 3)	-	2,078.91	-	2,078.91	-
7	Profit before tax (5-6)	14,035.03	3,638.41	5,330.84	37,459.85	35,721.76
8	Tax expense
	a) Current tax	3,106.67	947.76	1,565.44	8,643.76	8,594.40
	b) Deferred tax	588.69	(139.61)	(101.73)	673.93	448.55
9	Profit for the period (7-8)	10,339.67	2,830.26	3,867.13	28,142.16	26,678.81
	Profit/(loss) attributable to non-controlling interest	-	-	-	-	-
	Profit/(loss) attributable to owners of the parent	10,339.67	2,830.26	3,867.13	28,142.16	26,678.81
10	Other comprehensive income
	A (i) Items that will not be reclassified subsequently to profit or loss	222.17	25.96	(304.57)	97.76	(266.70)
	(ii) Income tax relating to items that will not be reclassified to profit or loss	(45.12)	(1.85)	48.29	(4.71)	43.50
	B (i) Items that will be reclassified to profit or loss	92.83	49.95	(128.22)	308.51	76.03
	(ii) Income tax relating to items that will be reclassified to profit or loss	-	-	-	-	-
	Total other comprehensive income (net of tax)	269.88	74.06	(384.50)	401.56	(147.17)
	Other comprehensive income to non-controlling interest	-	-	-	-	-
	Other comprehensive income to owners of the parent	269.88	74.06	(384.50)	401.56	(147.17)
11	Total comprehensive income for the period (9+10)	10,609.55	2,904.32	3,482.63	28,543.72	26,531.64
	Total comprehensive income to non-controlling interest	-	-	-	-	-
	Total comprehensive income to owners of the parent	10,609.55	2,904.32	3,482.63	28,543.72	26,531.64
12	Paid-up equity share capital (Face Value Re.1 each)	1,628.10	1,628.10	1,628.10	1,628.10	1,628.10
13	Other equity	-	-	-	2,46,883.10	2,26,479.95
14	Basic and diluted earnings per share (Rs.) (Face Value Re.1 each)	6.35	1.74	2.38	17.29	16.39
		Not annualised	Not annualised	Not annualised	Annualised	Annualised

See accompanying notes to the audited consolidated financial results

Phones: +91-22-69107100 E-mail: [email protected] Website: www.fdcindia.com CIN: L24239MH1940PLC003176

Consolidated statement of assets and liabilities

Rs. in lakhs

| | Particulars | As at
31.03.2026
(Audited) | As at
31.03.2025
(Audited) |
| --- | --- | --- | --- |
| I. | ASSETS | | |
| 1. | Non-current assets | | |
| | (a) Property, plant and equipment | 95,237.23 | 81,910.08 |
| | (b) Capital work-in-progress | 9,610.35 | 13,609.42 |
| | (c) Right-of-use assets | 4,362.71 | 2,894.15 |
| | (d) Other intangible assets | 344.75 | 350.36 |
| | (e) Intangible assets under development | 38.77 | 74.97 |
| | (f) Financial assets | | |
| | (i) Investments | 57,525.26 | 54,316.86 |
| | (ii) Loans | 50.09 | 81.34 |
| | (iii) Other financial assets | 421.93 | 337.51 |
| | (g) Income tax assets (net) | 6,758.09 | 7,161.90 |
| | (h) Other non-current assets | 4,295.29 | 1,772.10 |
| | Total non-current assets | 1,78,644.47 | 1,62,508.69 |
| 2. | Current assets | | |
| | (a) Inventories | 35,525.26 | 37,503.21 |
| | (b) Financial assets | | |
| | (i) Investments | 47,272.83 | 48,465.19 |
| | (ii) Trade receivables | 15,172.38 | 10,884.73 |
| | (iii) Cash and cash equivalents | 4,867.81 | 5,147.24 |
| | (iv) Bank balances other than (iii) above | 131.69 | 129.95 |
| | (v) Loans | 94.82 | 144.03 |
| | (vi) Other financial assets | 954.40 | 493.98 |
| | (c) Other current assets | 9,233.08 | 5,760.36 |
| | Assets held for sale | 1,13,252.27 | 1,08,528.69 |
| | Total current assets | 1,13,252.27 | 1,08,871.53 |
| | TOTAL ASSETS | 2,91,896.74 | 2,71,380.22 |
| II. | EQUITY AND LIABILITIES | | |
| | EQUITY | | |
| | (a) Equity share capital | 1,628.10 | 1,628.10 |
| | (b) Other equity | 2,46,883.10 | 2,26,479.95 |
| | Total equity | 2,48,511.20 | 2,28,108.05 |
| | LIABILITIES | | |
| 1. | Non-current liabilities | | |
| | (a) Financial liabilities | - | 10.97 |
| | (i) Borrowings | 1,059.55 | 1,200.69 |
| | (ii) Lease liabilities | 2,846.60 | 3,606.72 |
| | (b) Provisions | 3,071.90 | 2,290.06 |
| | (c) Deferred tax liabilities (net) | 6,978.05 | 7,108.44 |
| | Total non-current liabilities | | |
| 2. | Current liabilities | | |
| | (a) Financial liabilities | - | - |
| | (i) Borrowings | 486.95 | 905.18 |
| | (ii) Trade payables | | |
| | (A) Total outstanding dues of Micro and small enterprises | 1,885.72 | 1,238.36 |
| | (B) Total outstanding dues of creditors other than Micro and small enterprises | 18,793.36 | 19,276.99 |
| | (iii) Other financial liabilities | 10,223.35 | 9,999.15 |
| | (b) Other current liabilities | 1,566.51 | 1,557.23 |
| | (c) Provisions | 3,165.25 | 2,402.78 |
| | (d) Current tax liabilities (net) | 286.35 | 784.04 |
| | Total current liabilities | 36,407.49 | 36,163.73 |
| | TOTAL EQUITY AND LIABILITIES | 2,91,896.74 | 2,71,380.22 |

14th Floor, Central B Wing and North C Wing, Reside 5, Sohk, New Pcenta, Western Express Highway, Gongpam (East), Mumbai - 400 063
2

No.

Consolidated Statement of Cash Flows
Rs. in lakhs

Particulars	For the year ended 31.03.2026 (Audited)	For the year ended 31.03.2025 (Audited)
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax	37,459.85	35,721.76
Adjustments to reconcile profit before tax to net cash flows:
Depreciation and amortisation expenses	5,924.29	5,373.22
Finance cost	498.57	450.96
Interest income	(5,237.97)	(4,738.43)
Net gain on sale of property, plant and equipment	(2,426.27)	(425.96)
Dividend income on equity securities at FVOCI	(0.36)	(0.36)
Gain on sale of investments	(749.73)	(608.57)
Change in fair value of financial assets at FVTPL	(1,179.23)	(2,430.09)
Translation adjustment on consolidation	(59.14)	(23.87)
Unrealised foreign exchange (gain)/loss on restatement	(137.87)	(22.16)
Bad debts	-	13.25
Allowances for credit loss	101.18	21.45
Gain on cancellation of lease	(42.52)	(87.27)
OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES	34,150.80	33,243.93
Working capital adjustments:
Decrease in inventories	2,215.91	1,701.37
(Increase) / Decrease in trade receivables	(4,210.54)	781.56
(Increase) / Decrease in financial assets	(98.14)	157.42
(Increase) / Decrease in other assets	(3,460.71)	1,429.68
Increase in trade payables & other liabilities (including financial liabilities)	246.93	4,035.80
Increase / (Decrease) in provision & employee benefits	(82.88)	687.68
CASH GENERATED FROM OPERATIONS	28,761.37	42,037.44
Income tax paid (net)	(8,716.18)	(10,280.08)
NET CASH FLOW GENERATED FROM OPERATING ACTIVITIES (A)	20,045.19	31,757.36
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of property, plant and equipment	(18,656.27)	(9,672.46)
Proceeds from sale of property, plant and equipment	2,652.29	578.75
Purchase of financial instruments	(50,685.22)	(53,559.82)
Proceeds from sale of financial instruments	50,781.15	38,138.04
(Increase) in fixed and margin deposits	(0.49)	(8.50)
(Increase) in lease deposits	(3.38)	(163.48)
Dividends received	0.36	0.36
Interest received	4,918.47	4,735.67
NET CASH FLOW (USED IN) INVESTING ACTIVITIES (B)	(10,993.09)	(19,951.44)
CASH FLOWS FROM FINANCING ACTIVITIES
Finance cost paid	(78.58)	(77.62)
Principal repayment of lease liabilities	(916.75)	(816.23)
Payment of interest on lease liabilities	(223.64)	(201.89)
Repayment of sales tax deferral loan	-	(3.21)
Dividend Paid	(8,102.59)	(8,113.37)
Repayment of Borrowing	(10.97)	-
NET CASH FLOW (USED IN) FINANCING ACTIVITIES (C)	(9,332.53)	(9,212.32)
NET INCREASE/ (DECREASE) IN CASH AND CASH EQUIVALENTS (A)+(B)+(C)	(280.43)	2,593.60
Net foreign exchange differences on cash and cash equivalents	1.00	11.63
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR	5,147.24	2,542.01
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR	4,867.81	5,147.24

Notes:

The above audited consolidated financial results which are published in accordance with Regulation 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 ('Listing Regulations') for the quarter and financial year ended March 31, 2026 have been reviewed and recommended by the Audit Committee and have been approved by the Board of Directors of the Parent Company at their respective meeting held on May 27, 2026. The Statutory Auditors have expressed an unmodified audit opinion. The audit report has been filed with the stock exchange and is available on the company's website.
The Board of Directors of the parent company at their meeting held on February 5, 2026, has considered and approved an interim dividend of ₹ 5/- per equity share of face value ₹ 1/- each for the financial year 2025-26. During the previous year, the Parent Company had paid an interim dividend of ₹ 5/- per equity share of face value ₹ 1/- each for the Financial Year 2024-25, as approved by the Board of Directors of the Parent Company at their meeting held on November 6, 2024.
The Government of India has notified the four Labour Codes ('New Labour Codes') effective November 21, 2025, along with draft Central Rules and FAQs. The Parent Company has assessed the estimated impact arising on account of the changes in the New Labour Codes especially due to the change in wage definition based on its best judgement in consultation with external experts. Accordingly, the Parent Company has recognised incremental estimated obligations aggregating ₹2,078.91 lakhs based on actuarial valuation in accordance with Ind AS 19 – 'Employee Benefits' and consistent with guidance provided by the Institute of Chartered Accountants of India. The incremental impact has been disclosed as an exceptional item given the non-recurring nature of this expense arising on account of a regulatory change. The Parent Company is in the process of reassessing and implementing policy changes to its existing employee benefit policies. The Parent Company continues to monitor the finalisation of Central and State Rules and clarifications from the Government on other aspects of the New Labour Codes and would provide appropriate accounting effect on the basis of such developments, if any, as required.
The Parent Company recognised a fair value loss of ₹ 1,329.75 lakhs under other expenses in the quarter ended March 31, 2026 (₹ 197.01 lakhs in previous year) in accordance with Ind AS 109 – 'Financial Instruments'. However, for the financial year ended March 31, 2026, a net fair value gain of ₹ 1,179.23 lakhs (₹ 2,430.09 lakhs in previous year) was recorded under other income. Due to this treatment, the quarterly numbers may not be directly additive to the year-to-date (YTD) numbers, as fair value changes are recognised based on market conditions prevailing at different reporting dates.
The Group has only one segment of activity namely "Pharmaceuticals".
The above results are also available on the website of the Parent Company i.e. www.fdcindia.com and on the website of the Stock Exchanges i.e. www.nseindia.com and www.bseindia.com.
The figures for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between audited figures in respect of full financial year and the unaudited published year to date figures up to nine months ended December 31, 2025 and December 31, 2024 respectively.

For and on behalf of the Board

Mohan A. Chandavarkar
Chairman & Managing Director
(DIN: 00043344)

Independent Auditor's Report

To the Board of Directors of FDC Limited