• The document contains the transcript of an earnings conference call organized on November 04, 2026, following the declaration of the company's Un-audited Financial Results for the quarter and half year ended September 30, 2026.
  • The event was hosted by JM Financial Institutional Securities Limited and featured management participants including Mr. Sunil Chandra Kondapally (Executive Director), Mr. Narasimha Raju (Chief Financial Officer), and Mr. Dhiren Gala (Head, Investor Relations and Corporate Development).
  • The purpose of the call was to discuss the company's Q2 FY27 financial performance and business outlook. The call included a management presentation followed by a Q&A session with analysts.
  • The discussion covered financial results for Q2 FY27 and H1 FY27, including revenue growth drivers, geographical performance, margin expansion, and detailed expansion plans.
  • Management provided financial highlights including Q2 FY27 consolidated revenue of INR 255 crore (26.7% YoY growth), EBITDA of INR 113 crore (37.8% YoY growth) with 44.1% margin, and PAT of INR 59 crore (37.4% YoY growth). Volume growth was 16.5% YoY.
  • Geographical revenue contribution: Hyderabad 67%, rest of AP/Telangana 20%, Pune 5%, West Bengal 5%, other geographies 3%.
  • Business segments: B2C contributed 92% of revenue, radiology accounted for 37%. Revenue per test stood at INR 513 and revenue per footfall at INR 1,865.
  • H1 FY27 performance: Revenue of INR 486 crore (24.8% YoY growth), EBITDA of INR 211 crore (36% YoY growth) with 43.4% margin, PAT of INR 113 crore with 23.1% margin.
  • Expansion update: Commissioned 2 hub centers and 7 spoke centers in H1 FY27. Plans to commission 3 more hubs in H2 FY27 and 3 additional hubs in Q1 FY28. Total estimated CAPEX for expansion: INR 155-160 crore.
  • Additional CAPEX initiatives: New Panjagutta central laboratory (INR 20 crore), Kadapa land purchase (INR 9 crore), Pune Market Yard hub (INR 18-20 crore), Pune Mayur Colony property purchase (INR 19 crore), and equipment upgrades.
  • Acquisition update: Entered business transfer agreement to acquire Arya Wellness Centre in Guwahati, Assam, marking entry into Northeast region. Expected completion in next two months.
  • Financial position: Surplus cash of approximately INR 355 crore, cash PAT over 30%, ROCE ~25%, ROE ~20%.
  • Guidance: Long-term sustainable revenue growth guidance of mid-teens (above 15%), FY27 revenue growth of at least 20%, FY27 EBITDA margin expected above 42%.
  • The company indicated that no unpublished price sensitive information (UPSI) would be shared during the call.

Additional Notes Section

  • The document was submitted as a regulatory filing pursuant to Regulation 30 of SEBI LODR Regulations, 2015.
  • The transcript includes detailed financial data and operational metrics as discussed during the earnings call.
  • The enclosure contained the full transcript of the earnings conference call.