Apollo Hospitals faces a pivotal Q1 FY27 as it balances a seasonally softer quarter for elective procedures against strong structural demand for complex specialties like oncology and cardiac care. Investors will be closely watching for the promised breakeven of the Apollo 24/7 digital business and the ramp-up status of its new hospital capacity.
| Results date | August 12, 2026 |
|---|---|
| Quarter | Q1 FY 2026-2027 |
| Previous quarter revenue | Rs. 6,605.5 Cr |
| Previous quarter PAT | Rs. 529.2 Cr |
| Previous quarter EBITDA margin | 15.3% |
| Net debt (latest quarter) | Rs. 865.9 Cr |
| Market cap | Rs. 131,493.56 Cr |
| CMP | Rs. 8980.5 |
The board meeting is scheduled for August 12, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026.
Apollo Hospitals enters Q1 FY27 with a strong structural tailwind, as management targets 12-14% organic revenue growth for established hospitals following a 13-14% growth rate in Q4 FY26. The company is navigating a seasonal elective lull, but management has highlighted robust demand for complex procedures and a 28% month-on-month rise in dengue cases by May 2026 as potential offsets to hospital occupancy. A critical focus for the quarter is the digital business, where management has guided toward ex-ESOP breakeven for Apollo 24/7 in Q1 FY27, following a cash loss of Rs. 16.4 Cr in Q4 FY26. Furthermore, the company is managing a new hospital expansion pipeline, with 185 beds already operational out of 1,400 planned, and is tracking against a Rs. 150 Cr EBITDA loss guidance for these units in FY27. Finally, the upcoming earnings call will likely address the sustainability of the 25.5% EBITDA margin in established hospitals and the progress of the Apollo Healthtech demerger, which is expected to conclude by Q4 FY27.
Performance vs Guidance Tracking: Tracking key management targets for FY27.
Digital and Pharmacy Trajectory: Monitoring the path toward HealthCo profitability.
Hospital Operational Focus: Updates on capacity and patient metrics.
Strategic and Financial Updates: Key corporate actions and balance sheet health.
Consolidated revenue grew 16% YoY to Rs. 25,229 Cr in FY26, with Q4 FY26 revenue reaching Rs. 6,605 Cr. Management expects organic growth for established hospitals to continue in the 12-14% range for FY27.
Management has guided for Apollo 24/7 to reach EBITDA breakeven (excluding ESOP) in Q1 FY27. The digital cash loss narrowed to Rs. 16.4 Cr in Q4 FY26, marking progress toward this goal.
As of Q4 FY26, 185 beds were operational out of a 1,400-bed pipeline. The company targets having 500-600 beds operational by mid-FY27, with new units expected to reach breakeven by FY28.
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