| Revenue growth | 18% YoY growth in FY26; Q4 up 22% YoY. |
|---|---|
| Margins | Gross margin up 100bps to 7.5%; aiming for 5% EBITDA by FY30. |
| Demand visibility | Strong traction in Northeast (>50% growth) and North India (25-30%). |
| Management confidence | High; projecting ₹6000cr revenue and 5% EBITDA margin by FY30. |
Growth
FY26 revenue grew 18% to ₹1283cr; Q4 revenue rose 22% YoY to ₹356cr. Gross margins improved to 7.5% from 6.5%.
Outlook
Targeting ₹6000cr revenue by FY30. Planned capex of ₹234cr for 5.5 lakh sq ft additional warehouse capacity.
Risks
Capital-intensive hospital segment; market readiness for AI consulting services; transition disruption from branded to generic medicine sales.
Last quarter's promises, checked
Delivered
- Guided Q3FY26 GM 7.4% to 7.6% → delivered 7.5% (= BEAT)
- Guided Retailer Shakti EBITDA break-even Q4FY26 → delivered break-even (= BEAT)
- Guided 293 Healthbuddies count → delivered 293+ (= BEAT)
Partly delivered
- Guided 80,000 sq ft warehouse expansion → delivered partial capacity (= PARTIAL)
Missed
- Guided 30% YoY growth for FY26 → delivered 18% (= MISS)
Earnings Call filed with BSE, NSE: HEALTHX. Summary written with AI assistance from the document.
Health X Platform Ltd: key numbers
- Share price
- ₹273.70
- Market cap
- ₹870.6 Cr
- Revenue (annual)
- ₹1,319 Cr
- Net profit (annual)
- ₹1.18 Cr
- P/E (TTM)
- -43.1×Sector 54.5×
- Promoter holding
- 74.07%+0.00% QoQ
- FII holding
- 2.32%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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