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Earnings Call Transcript

Krishna Institute of Medical Sciences Earnings Call Transcript: Key Takeaways

KIMS delivered strong EBITDA margins despite lower ARPOB compared to peers, driven by lean operational efficiency and high patient volumes.

Guidance and delivery
Management target Revenue FY27
Highlights
Revenue growthVolume-led growth; COVID contributed 25% of recent revenue.
MarginsHealthy 29-30% margins driven by fixed doctor salaries and high occupancy.
Demand visibilityStrong domestic demand; international patient share remains low at <1%.
Management confidenceBalanced and conservative regarding long-term margin sustainability during expansion.

Growth

Revenue growth is volume-led with 25% contribution from high-margin COVID-related cases and insurance/cash mix.

Outlook

Management targets 1.25x revenue on ₹100 crore capex with 20-25% EBITDA within 3-5 years post-maturation.

Risks

Margins face dilution risk as heavy capex in Chennai and Bangalore comes online in 2-3 years.

Last quarter's promises, checked

Delivered

  • Guided Thane EBITDA break-even by March → Delivered Neutral (= BEAT)
  • Guided 10,000 brain tumor surgeries milestone → Delivered 10,000+ (= BEAT)
  • Guided Kondapur expansion to 800 beds → Delivered Phase 1 commissioning June (= BEAT)

Partly delivered

  • Guided debt peaking out → Delivered ₹3,000cr+ with QIP needed to retire ₹1,000cr (= PARTIAL)
  • Guided insurance empanelment → Delivered 70% in Thane but Bangalore delayed 3-4 months (= PARTIAL)

Missed

  • Guided PAT ₹106cr (Q4FY25) → Delivered ₹33cr (= MISS)
  • Guided EPS growth → Delivered -37.2% YoY (= MISS)
  • Guided EBITDA margin 25.3% (Q4FY25) → Delivered 19.9% (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: KIMS. Summary written with AI assistance from the document.

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Krishna Institute of Medical Sciences Ltd: key numbers

Share price
₹780.15
Market cap
₹32,767 Cr
Revenue (annual)
₹3,905 Cr
Net profit (annual)
₹241.4 Cr
P/E (TTM)
160.4×Sector 57.8×
Promoter holding
32.50%-1.61% QoQ
FII holding
14.75%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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