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Rubicon Research Limited Q3 FY26 earnings call summary
NSE: RUBICON · BSE: 544578
Earnings call of 3 Feb 2026, summarised by AI from the filing.
Rubicon Q3 FY26 revenue ₹476 cr, up 52%, with operating EBITDA margin guided at 22% to 23% despite outsourcing pressure on gross margin.
Key takeaways
- EBITDA margin guidance Operating EBITDA margin guided at 22% to 23% for the next several years, reaffirmed despite outsourcing pressure.
- Outsourcing impact Higher-than-anticipated outsourcing pressured gross margin; tactical measures being evaluated over two to three quarters.
- Regulatory risk Approval timelines unpredictable; management factors conservatism for regulatory, competition and API supply variability.
Rubicon Research Limited Q1 FY27 results
As filed: Revenue ₹428 cr, EBITDA ₹125 cr, PAT ₹82.5 cr, EBITDA margin 29.2%.
Not scored. No result for the same quarter last year.
Earlier results and the share price after them
- Q4 FY26: Revenue ₹514 cr, EBITDA ₹119 cr, PAT ₹76.8 cr, EBITDA margin 23.1%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹514 cr). Scored once a year-earlier consolidated quarter exists. Share price after the results: +40.9% in 27 days (Nifty 500: +2.0%).
- Q3 FY26: Revenue ₹476 cr, EBITDA ₹108 cr, PAT ₹72.8 cr, EBITDA margin 22.7%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹476 cr). Scored once a year-earlier consolidated quarter exists. Share price after the results: +4.1% in 30 days (Nifty 500: −3.2%).
- Q2 FY26: Revenue ₹336 cr, EBITDA ₹79.0 cr, PAT ₹46.0 cr, EBITDA margin 23.5%. Not scored. No result for the same quarter last year. Share price after the results: −2.8% in 29 days (Nifty 500: −0.4%).
Past price moves after results do not indicate future moves. Not a recommendation.
Rubicon Research Limited earnings call, investor presentation and press release summaries
Figures from the company's filings with NSE and BSE. Not investment advice.