Financial Performance Summary

Quarterly Financial Results (INR Millions):

| Metric | Q2 FY2027 | Q2 FY2026 | Q1 FY2027 | Growth |

| Revenue | 15,925 | 7,811 | 8,936 | 103.9% YoY; 78.2% QoQ |

| EBITDA | 4,415 | 2,718 | 2,949 | 62.5% YoY; 49.7% QoQ |

| PAT | 2,177 | 1,807 | 1,937 | 20.4% YoY; 12.4% QoQ |

Key Financial Ratios:

  • EBITDA Margin: 27.7%
  • PAT Margin: 13.7%

Currency Performance:

  • USD revenue growth: 87.3% YoY

Operational Highlights

The company's strong performance was driven by continued momentum across its care enablement platform and the successful consolidation of TruBridge acquisition (82 days of consolidation in Q2 FY27). The TruBridge acquisition was PAT/EPS accretive from Q2 FY27 itself.

Management Commentary

Sachin K. Gupta, Founder and Global CEO, IKS Health:

  • Q2 FY27 represented a defining inflection point for IKS Health
  • Company is operationalizing the combined strengths of IKS Health and TruBridge
  • Integration advances vision to build an AI-native intelligent operating system for healthcare
  • Platform enables clinical enterprises to transform operations, accelerate revenue and cash generation, improve quality of care, and achieve financial sustainability
  • Expanding engagements with existing clients alongside new account wins and cross-sell momentum underscore strong market demand

Nithya Balasubramanian, Group CFO, IKS Health:

  • Q2 performance reflects structural expansion of operating scale and earnings power
  • Revenue of INR 15,925 Mn, up 78.2% QoQ, demonstrates early financial accretion of TruBridge integration
  • Sustained organic revenue momentum maintained
  • Operating discipline enabled robust EBITDA conversion, protecting margins during scaling
  • Focus for coming quarters: realizing operational synergies, strengthening return profiles, driving sustainable long-term shareholder value

Key Customer Wins

White-Wilson Medical Center:

  • Comprehensive RCM optimization partnership with large multi-specialty group in Northwest Florida
  • Partnership spans end-to-end RCM and scheduling
  • Establishes IKS Health as growth partner to scale rapidly with clinical support and value-based care

Evolve Orthopedic Partners:

  • Physician-led, New York-based orthopedic and ambulatory surgery center MSO
  • Leverages IKS Health's end-to-end RCM services
  • Implementation underway deploying MyCareHub (IKS Health's intelligent patient access platform) at OrthoNY
  • Aims to transform front-end operations across the specialty practice

Augusta Health:

  • Established relationship continues to grow alongside clinical and operational priorities
  • Current work includes EHR data migration, validation, orthopedic migration support, and document processing
  • Proposed expansion into coverage verification for ongoing RCM support in Augusta's new EMR workflows

UMass Memorial Health:

  • Strategic data migration partnership with Central MA's largest not-for-profit system
  • Partner of UMass Chan Medical School
  • Migrate platform consolidating legacy records into UMM's Epic environment following Milford Regional integration
  • Expanding to parent enterprise and establishing repeatable model for future integrations

MISH Hospital & Clinics:

  • TruBridge partnership with specialty surgical hospital in Lenexa, Kansas serving Kansas City region
  • MISH will implement unified EHR platform combining patient information and clinical workflows into single integrated EHR
  • Aims to streamline operations, improve access, reduce tech complexity, and support more coordinated care

Business Overview

IKS Health is a technology-enabled healthcare solutions provider and care enablement platform for US healthcare. The company reduces administrative, clinical, and operational burdens in healthcare through its Care Enablement platform that integrates AI, agentic workflows, and human expertise. Founded in 2006, the company partners with largest health systems, physician groups, and specialty practices across the United States.