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Earnings Call Transcript

Krsnaa Diagnostics Earnings Call Transcript: Key Takeaways

Krsnaa reported 22% revenue growth but suffered margin compression due to heavy front-ended costs for the Rajasthan project. Management pivots to 'long-term value' to deflect from current EBITDA and PAT dips.

Guidance and delivery
Management target Revenue 100.0% FY27
Highlights
Revenue growth22% YoY growth driven by Rajasthan and retail expansion.
MarginsEBITDA margin fell to 25% due to upfront project costs.
Demand visibilityStrong visibility via long-term PPP contracts and retail network growth.
Management confidenceBalanced confidence despite temporary margin pressure from new projects.

Growth

Revenue grew 22% YoY; like-for-like projects grew 12%. Retail revenue surged 64%.

Outlook

Projected Rajasthan revenue of ₹150-170Cr; retail expected to reach 10-15% of total mix.

Risks

Margin compression from upfront Rajasthan costs; significant receivables delays in Karnataka and Himachal Pradesh.

Last quarter's promises, checked

Delivered

  • Guided 200+ CT/MRI centers → delivered 190+ with 17 in pipeline (= BEAT)
  • Guided 54 NABL labs → delivered 54 NABL labs (= BEAT)
  • Guided virtually 0 bad debt → delivered 0 bad debt despite delays (= BEAT)

Partly delivered

  • Guided Rajasthan revenue ₹250-300Cr → delivered guidance cut to ₹150-170Cr (= PARTIAL)
  • Guided retail contribution double-digits → delivered 8% (= PARTIAL)

Missed

  • Guided EBITDA margin 29-30% → delivered 25% (= MISS)
  • Guided receivables to 100 days → delivered 139 days (= MISS)
Source

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

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Krsnaa Diagnostics Ltd: key numbers

Share price
₹548.45
Market cap
₹1,779 Cr
Revenue (annual)
₹772.8 Cr
Net profit (annual)
₹101.4 Cr
P/E (TTM)
18.2×Sector 57.8×
Promoter holding
27.11%+0.00% QoQ
FII holding
4.28%Current quarter

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

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