Key Decisions and Financial Results

The Board of Directors meeting commenced at 02:15 p.m. (IST) and concluded at 05:50 p.m. (IST) on November 03, 2026. The Board considered and approved the following matters:

1. Approval of Financial Results: Approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026, along with the limited review report from the Statutory Auditors (Deloitte Haskins & Sells LLP).

2. Declaration of Interim Dividend: Declared an Interim Dividend of INR 1 per equity share (face value INR 2 each) for FY 2026-27. The record date for payment is Monday, November 09, 2026. The dividend will be paid within 30 days of declaration.

Detailed Standalone Financial Performance (Rs. in million)

Quarter Ended September 30, 2026 (Q2 FY27):

  • Revenue from operations: 4,169.34 (vs 3,554.57 in Q2 FY26, +17.3% YoY)
  • Other income: 89.88
  • Total Income: 4,259.22
  • Total Expenses: 3,320.68
  • Profit before tax: 938.54 (vs 619.28 in Q2 FY26)
  • Tax expense: 251.03
  • Profit from continuing operations: 687.51 (vs 464.90 in Q2 FY26)
  • Profit from discontinued operations: 0 (vs 1.43 in Q2 FY26)
  • Net profit: 687.51 (vs 466.33 in Q2 FY26, +47.4% YoY)
  • EPS (basic) from continuing operations: Rs 3.32
  • EPS (diluted) from continuing operations: Rs 3.29

Half Year Ended September 30, 2026 (H1 FY27):

  • Revenue from operations: 7,892.18 (vs 6,787.27 in H1 FY26, +16.3% YoY)
  • Other income: 141.74
  • Total Income: 8,033.92
  • Total Expenses: 6,431.62
  • Profit before tax: 1,602.30 (vs 1,093.12 in H1 FY26)
  • Tax expense: 408.25
  • Profit from continuing operations: 1,194.05 (vs 818.49 in H1 FY26)
  • Profit from discontinued operations: (0.71) (vs 3.66 in H1 FY26)
  • Net profit: 1,193.34 (vs 822.15 in H1 FY26, +45.1% YoY)
  • EPS (basic) from continuing operations: Rs 5.76
  • EPS (diluted) from continuing operations: Rs 5.73

Key Balance Sheet Items (Standalone as of September 30, 2026)

  • Total Assets: Rs 20,486.15 million
  • Total Equity: Rs 14,996.99 million
  • Paid-up equity share capital: Rs 414.91 million
  • Other equity: Rs 14,582.08 million

Discontinued Operations

The External Quality Assessment Services Business (EQAS Division) was transferred to Metropolis Quality Solutions Private Limited (a subsidiary) on a slump sale basis effective August 27, 2026, following Board approval on February 04, 2026, and shareholder approval on March 08, 2026. The financial results present this as discontinued operations.

Employee Stock Grants

The Nomination and Remuneration Committee approved:

  • Grant of 1,380 Restricted Stock Units (RSU) under Metropolis Restrictive Stock Unit Plan - 2025
  • Grant of 20,500 Employees Stock Options under Metropolis Employees Stock Option Plan - 2025

Additionally, 4,200 RSUs were allotted in Q1 FY27 and 121,912 RSUs in Q2 FY27 under the Metropolis Restrictive Stock Unit Plan - 2020.

Exceptional Items

For FY26, the company recognized an exceptional item of Rs 79.57 million related to past service cost for gratuity and leave encashment due to implementation of Labour Codes.

Bonus Issue

The company issued 155,495,826 bonus equity shares in 3:1 ratio (approved February 04, 2026, and March 08, 2026).

Segment Information

Based on business nature and products/services, there is only one reportable segment: Pathology service.

Consolidated Financial Highlights (Rs. in million)

Quarter Ended September 30, 2026:

  • Revenue from operations: 4,968.21
  • Profit before tax: 1,024.81
  • Net profit: 754.83
  • EPS (basic): Rs 3.64
  • EPS (diluted): Rs 3.60

Half Year Ended September 30, 2026:

  • Revenue from operations: 9,470.36
  • Profit before tax: 1,801.93
  • Net profit: 1,323.66
  • EPS (basic): Rs 6.37
  • EPS (diluted): Rs 6.33

Auditor's Review

Deloitte Haskins & Sells LLP conducted limited review and expressed an unmodified conclusion on both standalone and consolidated financial results.

Availability of Results

The financial results are available on the company's website (www.metropolisindia.com) and stock exchange websites (www.nseindia.com and www.bseindia.com).