Dr Agarwals Health Care Ltd reported Q1 FY27 numbers with revenue of Rs. 614.02 Cr (+26.00% YoY) and PAT growth of +44.60% YoY. Here's a quick read of what worked, what to watch, and what management said.
Quick Details| Results date | August 04, 2026 |
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| Quarter | Q1 FY 2026-2027 |
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| Revenue (Q1) | Rs. 614.02 Cr (+26.00% YoY) |
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| PAT (Q1) | Rs. 55.02 Cr (+44.60% YoY) |
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| EBITDA margin | 28.50% (+30 bps YoY) |
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| EPS (Q1) | Rs. 1.43 (+50.50% YoY) |
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| Market cap | Rs. 15,630.69 Cr |
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| CMP | Rs. 493.50 |
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Quarter Snapshot
Revenue grew 26% YoY, beating management's ~21% guidance, and PAT-to-owners surged 50.5% YoY. The company added 18 new facilities in Q1, ahead of schedule, while maintaining stable EBITDA margins. Strong mature-facility growth and debt reduction from IPO proceeds support a positive outlook.
Key Investment Insights
Key Positives
- Revenue grew 26.0% YoY to Rs.614.02 Cr, exceeding management's ~21% growth guidance
- PAT attributable to owners grew 50.5% YoY to Rs.45.23 Cr
- Added 18 new facilities in Q1, including a record 16 surgical facilities, ahead of the FY27 target run-rate
- EBITDA margin remained stable at 28.5% (Total Income basis) despite aggressive greenfield expansion
- Surgery volumes grew 15.5% YoY to 91,082 procedures, with favorable surgical mix shift toward higher-ASP procedures
- Mature Facilities revenue grew 37.1% YoY to Rs.485 Cr, indicating strong same-store performance
- Finance costs declined 5.4% YoY due to debt repayment from IPO proceeds
Risk Factors
- Depreciation expense rose 24.4% YoY to Rs.78.31 Cr, reflecting the heavy capex of prior years, which will continue to weigh on net profit
- Other income fell 52.1% YoY to Rs.6.41 Cr as IPO proceeds were deployed, reducing interest income
- Standalone EBITDA margin compressed 60 bps to 25.9% (vs 26.5% in Q1FY26), indicating margin pressure at the standalone level
- GST show cause notice of Rs.20.50 Cr received, though management does not expect financial impact