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FDC Limited Faces GST Inspection at Mumbai Corporate Office
The Goods & Service Tax (GST) Department of Maharashtra initiated an inspection and search at FDC Limited's corporate office in Mumbai on February 10, 2026. The proceedings, which commenced at 16:15 hours, are focused on tax payments, input tax credit (ITC) claims, and refunds under the MGST Act, 2017. The company has stated that business operations continue as usual and there is no immediate financial impact from the initiation of this search. FDC is currently cooperating with the authorities and will disclose any material developments upon the conclusion of the inspection.
Key Highlights
GST Department initiated search proceedings at FDC's Mumbai corporate office on February 10, 2026
Inspection relates to tax payments, input tax credit claims, and refund processes under Section 67 of MGST Act
Company reports zero immediate financial impact and no disruption to ongoing business operations
FDC is extending full cooperation to the Deputy Commissioner of State Tax, Maharashtra
💼 Action for Investors
Investors should monitor for any follow-up disclosures regarding tax demands or penalties resulting from this search. While operations are unaffected, regulatory scrutiny can lead to short-term sentiment-driven volatility.
FDC Q3 FY26 Results: Revenue Flat at ₹465 Cr, PAT Declines 23.6% YoY to ₹28 Cr
FDC Limited reported a stagnant Q3 FY26 with revenue from operations at ₹465 crore, a marginal 0.1% YoY growth. Profit After Tax (PAT) saw a sharp decline of 23.6% YoY to ₹28 crore, primarily due to exceptional items and a 5.2% contraction in the core Domestic Formulations business. While the domestic segment struggled with lower sales of top brands like Zifi and Electral, the Export Formulations segment provided a silver lining with 55% YoY growth. EBITDA margins showed slight improvement, rising to 11.2% from 10.1% in the previous year.
Key Highlights
Revenue from operations remained flat at ₹465 crore (+0.1% YoY), while 9M FY26 revenue fell 1.9%.
PAT dropped 23.6% YoY to ₹28 crore, with EPS declining from ₹2.28 to ₹1.74.
Domestic Formulations, contributing 80% of revenue, declined 5.2% YoY to ₹369 crore.
Export Formulations grew 55% YoY to ₹71 crore, driven by a 199% surge in US sales to ₹25 crore.
EBITDA increased 12.1% YoY to ₹52 crore, with margins expanding 110 bps to 11.2%.
💼 Action for Investors
Investors should remain cautious as the company's primary domestic engine is showing signs of weakness in its flagship brands. While the US FDA approvals and export growth are positive, the significant drop in bottom-line profit warrants a wait-and-watch approach for signs of domestic recovery.
FDC Limited Sets Feb 11, 2026, as Record Date for First Interim Dividend of FY 2025-26
FDC Limited has officially designated February 11, 2026, as the record date for its first interim dividend for the financial year 2025-26. This date is used to identify the shareholders eligible to receive the dividend payment. The announcement follows the company's regulatory compliance under SEBI (LODR) Regulations, 2015. While the specific dividend amount per share was not detailed in this specific record date filing, it confirms the upcoming cash distribution to eligible investors.
Key Highlights
The record date for the first interim dividend of FY 2025-26 is fixed as Wednesday, February 11, 2026.
The notification is issued pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Only shareholders whose names appear in the company's register as of the record date will be eligible for the payout.
💼 Action for Investors
Investors looking to qualify for the dividend should ensure they hold the shares in their demat account before the ex-dividend date. Current shareholders should monitor for the specific dividend amount to assess the yield on their investment.
FDC Declares ₹5 Interim Dividend; Q3 Consolidated Net Profit Declines to ₹28.30 Crore
FDC Limited has declared a first interim dividend of ₹5 per equity share for FY 2025-26, with the record date set for February 11, 2026. The company's consolidated revenue for Q3 FY26 remained flat at ₹464.71 crore compared to ₹464.11 crore in the same quarter last year. Consolidated net profit for the quarter fell by 23.6% to ₹28.30 crore, down from ₹37.04 crore YoY. This decline was significantly impacted by a one-time exceptional expense of ₹20.79 crore related to the implementation of New Labour Codes.
Key Highlights
Declared an interim dividend of ₹5 per share on a face value of ₹1 (500% payout).
Consolidated Q3 revenue stood at ₹464.71 crore, showing negligible growth from ₹464.11 crore YoY.
Net profit (consolidated) decreased to ₹28.30 crore from ₹37.04 crore in the previous year's quarter.
Recognized a one-time exceptional cost of ₹20.79 crore due to regulatory changes in wage definitions under New Labour Codes.
Standalone EPS for the quarter declined to ₹1.67 from ₹2.24 in Q3 FY25.
💼 Action for Investors
Investors should focus on the steady dividend yield but remain cautious regarding the stagnant top-line growth. The profit dip is largely due to a non-recurring regulatory expense, so underlying operational efficiency should be monitored in the coming quarters.
FDC Q3 PAT Drops 23.6% to ₹28.3 Cr on Exceptional Item; Declares ₹5 Interim Dividend
FDC Limited reported a flat consolidated revenue of ₹464.71 crore for the quarter ended December 31, 2025. Net profit for the quarter declined by 23.6% YoY to ₹28.30 crore, primarily due to a one-time exceptional charge of ₹20.79 crore related to the implementation of New Labour Codes. Despite the lower net profit, the company maintained its shareholder reward policy by declaring a first interim dividend of ₹5 per share. On a nine-month basis, the company's revenue and PAT have seen a slight contraction compared to the previous fiscal year.
Key Highlights
Consolidated Revenue from operations remained stagnant at ₹464.71 crore vs ₹464.11 crore YoY.
Net Profit after tax fell to ₹28.30 crore from ₹37.04 crore YoY, impacted by a ₹20.79 crore exceptional expense.
Declared a first interim dividend of ₹5 per equity share (500% of face value) with a record date of Feb 11, 2026.
Profit before tax and exceptional items actually grew 11.7% YoY to ₹57.17 crore, indicating stable core operations.
Nine-month consolidated PAT stands at ₹178.02 crore, down 22% from ₹228.12 crore in the previous year.
💼 Action for Investors
Investors should look past the headline profit decline as it was caused by a non-recurring regulatory expense; however, the lack of revenue growth warrants a cautious outlook. The healthy dividend payout provides a decent yield for long-term holders.
FDC Receives USFDA Approval for Fluconazole Tablets in Multiple Strengths (50mg to 200mg)
FDC Limited has received Abbreviated New Drug Application (ANDA) approval from the USFDA for Fluconazole Tablets USP. The approval covers four specific dosage strengths: 50 mg, 100 mg, 150 mg, and 200 mg. This regulatory milestone allows the company to market and sell this antifungal medication in the United States. This development is expected to strengthen FDC's international product portfolio and contribute to its export revenue growth in the highly regulated US market.
Key Highlights
Received USFDA approval for Fluconazole Tablets USP on January 9, 2026.
Approval encompasses four dosage strengths: 50 mg, 100 mg, 150 mg, and 200 mg.
Expands the company's footprint in the US pharmaceutical market.
Fluconazole is a widely used antifungal medication, indicating a significant market opportunity.
💼 Action for Investors
Investors should view this as a positive development for FDC's export business. Monitor the company's upcoming quarterly results for commentary on the commercial launch and market share expectations in the US.
FDC Limited Receives GST Demand Notice of ₹15.61 Crore for FY 2021-22
FDC Limited has received a demand notice from the GST Department, Maharashtra, totaling ₹15.61 crore for the financial year 2021-22. The demand includes a differential tax of ₹8.42 crore, interest of ₹6.35 crore, and a penalty of ₹0.84 crore due to alleged misclassification of tax rates. The authority claims the company charged 18% GST instead of the applicable 28% plus compensation cess. FDC intends to contest the order through legal remedies and believes there will be no material financial impact on its operations.
Key Highlights
Total demand of ₹15.61 crore received from Deputy Commissioner of State Tax, Mumbai.
Demand consists of ₹8.42 crore tax, ₹6.35 crore interest, and ₹84.22 lakh penalty for FY 2021-22.
Allegation involves misclassification of GST rates, charging 18% instead of the required 28% plus cess.
Company plans to seek legal remedy and contest the order in its entirety.
Management does not foresee any material financial impact on account of this order.
💼 Action for Investors
Investors should monitor the progress of the legal appeal as a final unfavorable ruling would result in a cash outflow of ₹15.61 crore. No immediate panic is necessary as the company is actively contesting the demand.