Sigachi Industries, a manufacturer of pharmaceutical excipients and APIs, reported a net profit of ₹10.5 crore in Q2 FY26 — down 50% from ₹21.0 crore in Q2 FY25. Its revenue fell 19% to ₹1,130 million from ₹1,395 million. EBITDA plunged to ₹75 million from ₹293 million, resulting in margin contraction to 6.78% from 21.38%. The decline follows a June 2025 fire at its Pashamylaram plant and business disruption. Management said the fire forced operations to shift to other plants and no income from insurance claims has been recognised yet.