Key Correction Details

The company identified and rectified an inadvertent typographical error in the Statement of Consolidated Financial Results where the "Paid-up Equity Share Capital (Face Value of ₹5/- each)" was incorrectly reported as ₹3,519.34 Lakhs instead of the correct figure of ₹3,639.34 Lakhs.

Financial Impact of Correction

The rectification is limited to the correction of the Paid-up Equity Share Capital figure only. There is no change in:

  • Earnings Per Share (EPS)
  • Profit figures
  • Any other financial metrics reported in the Financial Results

All other contents of the Outcome of the Board Meeting dated November 12, 2026, including the Limited Review Reports, remain unchanged.

Standalone Financial Results (Q2 FY27)

Income Statement Highlights

For Quarter Ended September 30, 2026:

  • Revenue from operations: ₹2,805.68 lakhs
  • Other income: ₹108.48 lakhs
  • Total income: ₹2,914.16 lakhs
  • Profit before tax: ₹1,099.28 lakhs
  • Total tax expenses: ₹279.31 lakhs
  • Profit for the period: ₹819.97 lakhs
  • Other Comprehensive Income (net of tax): ₹2.41 lakhs
  • Total comprehensive income: ₹822.38 lakhs
  • Basic and Diluted EPS: ₹1.13 (not annualized)

Comparative Figures (Quarter Ended September 30, 2025):

  • Revenue from operations: ₹2,294.58 lakhs
  • Profit for the period: ₹902.54 lakhs
  • EPS: ₹1.47

Half-Year Performance (H1 FY27)

  • Revenue from operations: ₹4,173.41 lakhs
  • Profit for the period: ₹986.31 lakhs
  • EPS: ₹1.36 (not annualized)

Balance Sheet Position (as at September 30, 2026)

  • Property, plant and equipment: ₹716.75 lakhs
  • Right of use asset: ₹2,050.89 lakhs
  • Other intangible assets: ₹2,241.37 lakhs
  • Total non-current assets: ₹12,417.29 lakhs
  • Inventories: ₹203.59 lakhs
  • Trade receivables: ₹3,283.39 lakhs
  • Cash and cash equivalents: ₹2,020.45 lakhs
  • Total current assets: ₹6,002.68 lakhs
  • Total assets: ₹18,419.97 lakhs
  • Equity share capital: ₹3,639.34 lakhs
  • Other equity: ₹12,262.05 lakhs
  • Total equity: ₹15,901.39 lakhs

Cash Flow Statement (H1 FY27)

  • Cash flow from operating activities: ₹2,240.42 lakhs
  • Cash flow from investing activities: ₹1,509.18 lakhs
  • Cash flow from financing activities: (₹2,582.84) lakhs
  • Net increase in cash: ₹1,166.76 lakhs

Consolidated Financial Results (Q2 FY27)

Income Statement Highlights

For Quarter Ended September 30, 2026:

  • Revenue from operations: ₹3,741.11 lakhs
  • Other income: ₹108.89 lakhs
  • Total income: ₹3,850.00 lakhs
  • Profit before tax: ₹1,262.39 lakhs
  • Total tax expenses: ₹321.08 lakhs
  • Profit for the period: ₹941.31 lakhs
  • Basic and Diluted EPS: ₹1.29 (not annualized)

Half-Year Performance (H1 FY27)

  • Revenue from operations: ₹5,678.77 lakhs
  • Profit for the period: ₹1,118.91 lakhs
  • EPS: ₹1.54 (not annualized)

IPO Proceeds Utilization

The company completed its Initial Public Offer (IPO) in FY2026 of 2,08,86,200 equity shares of face value ₹5 each at an issue price of ₹79 per equity share, comprising:

  • Fresh issue of 1,13,92,500 equity shares aggregating ₹9,000.08 lakhs
  • Offer for sale of 94,93,700 equity shares aggregating ₹7,500.02 lakhs

Utilization as at September 30, 2026:

Object 1: Funding capital expenditure towards new IVF centers

  • Amount as per Offer Document: ₹5,000.00 lakhs
  • Amount utilized up to 30.06.2026: ₹102.95 lakhs
  • Amount utilized during Q2 FY27: ₹1,245.53 lakhs
  • Cumulative utilization: ₹1,348.48 lakhs
  • Unutilized amount: ₹3,651.52 lakhs

Object 2: Repayment/prepayment of outstanding loans

  • Revised cost: ₹1,807.37 lakhs
  • Amount utilized up to 30.06.2026: ₹1,807.37 lakhs
  • Cumulative utilization: ₹1,807.37 lakhs
  • Unutilized amount: Nil

Object 3: General corporate purposes

  • Revised cost: ₹1,420.82 lakhs
  • Amount utilized up to 30.06.2026: ₹721.02 lakhs
  • Amount utilized during Q2 FY27: ₹416.44 lakhs
  • Cumulative utilization: ₹1,137.46 lakhs
  • Unutilized amount: ₹283.37 lakhs

Fresh issue related expenses: ₹771.89 lakhs (fully utilized)

Total unutilized proceeds as at 30.09.2026: ₹3,988.04 lakhs (including net interest of ₹53.15 lakhs earned on fixed deposits)

Unutilized Proceeds Deployment:

  • HDFC Bank Limited - Fixed deposit: ₹1,250.00 lakhs
  • HDFC Bank Limited - Fixed deposit: ₹2,700.00 lakhs
  • HDFC Bank Limited - Current account: ₹29.4 lakhs
  • Axis Bank Limited - IPO Public Offer Account: ₹8.64 lakhs

Significant Operational Developments

New Center Expansion:

  • Upon commencement of new centers, the company recognized right-of-use assets and corresponding lease liabilities in accordance with Ind AS 116 "Leases"
  • Right-of-use assets increased from ₹121.62 lakhs (March 31, 2026) to ₹2,050.89 lakhs (September 30, 2026)
  • Lease liabilities (current and non-current) increased from ₹149.54 lakhs to ₹1,789.54 lakhs over the same period

Major Expenditure Items (>10% of total expenditure):

  • Sales and marketing expenses: Q2 FY27 - ₹361.46 lakhs
  • Rent: Q2 FY27 - ₹38.5 lakhs
  • Legal and professional fees: Q2 FY27 - ₹148.43 lakhs

Auditor Review

The unaudited financial results were reviewed by SKGN & Associates LLP, Chartered Accountants (FRN: 023403N/N500052), who expressed an unmodified conclusion. The auditors noted that they have not reviewed the financial results for the quarter ended September 30, 2025, which were presented solely based on information compiled by management.