Dr. Agarwal's Health Care Limited enters its Q1 FY27 results following a landmark year where total income crossed the Rs. 2,000 crore mark. Investors will look for evidence that the company can sustain its ~21% revenue growth pace while managing the margin impact of its aggressive 60-facility expansion target for FY27.
| Results date | August 04, 2026 |
|---|---|
| Quarter | Q1 FY 2026-2027 |
| Previous quarter revenue | Rs. 564 Cr |
| Previous quarter PAT | Rs. 50 Cr |
| Previous quarter EBITDA margin | 30.2% |
| Market cap | Rs. 15,263.58 Cr |
| CMP | Rs. 482.2 |
Board meeting scheduled for August 4, 2026 to consider Q1 FY27 unaudited results.
The earnings call is scheduled for August 4, 2026 at 5:30 PM IST.
The company enters Q1 FY27 targeting a revenue growth pace similar to the 20.9% total income growth achieved in FY26, supported by a same-store sales growth trend that was north of 13.5% as of Q3 FY26. While Q4 FY26 EBITDA margins reached a peak of 30.2%, investors should anticipate a potential sequential dip toward the 28-29% range, consistent with the seasonal pattern observed in Q1 FY26 when margins were 28.2%. Management has guided for stable margins throughout FY27 despite an aggressive capex plan of Rs. 380-400 crore, relying on the faster ramp-up of new surgical centers and the higher ASPs driven by Femto cataract surgeries, which grew 87% YoY in FY26. The upcoming call will likely focus on whether the surgery volume growth of 14.5% seen in FY26 can be maintained as the company scales its network toward the 60-facility target for the current fiscal year.
Performance vs. FY27 Guidance: Tracking the company's ability to maintain its growth trajectory and margin stability.
Merger and Regulatory Updates: Status of the AEHL amalgamation and GST compliance.
Operating Metrics and Capex: Key performance indicators driving operational leverage.
Most acquired clinics operate around 28-30% IndAS EBITDA margins, which is similar to the group level. Some facilities benefit from lower rental costs in Tier 2 and Tier 3 markets.
The company received a GST show cause notice for Rs. 20.50 Cr in May 2026 alleging discrepancies in FY23-24 returns. Management has stated it does not envisage a financial impact and is currently addressing the notice.
Revenue from operations grew to Rs. 2,080 Cr in FY26, representing a 21.6% increase YoY. This growth is supported by a 14.5% YoY increase in surgery volumes and strong same-store sales growth.
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