Dr Agarwals Eye Hospital Limited Earnings Summary — Q1 FY2027
Dr. Agarwal's Eye Hospital Reports Strong Q1 Growth as Amalgamation with Parent Company Progresses
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 3 consecutive quarters.
- Revenue of ₹143 Cr is 22.3% higher year-on-year.
- Revenue has compounded at 28.9% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹23 Cr is 35.5% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 30.7% annualised across the period.
- Operating margin stands at 30.3% in Q1 FY2027.
- Operating margin compressed by 150 bps year-on-year.
- Over the last two years operating margin has contracted by 114 bps.
- PBT margin is 21.6%.
- Expenses grew 25.0% against revenue growth of 22.3%.
- Operating profit of ₹43 Cr is 16.5% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 77/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 143 | 120 | 116 | 118 | 117 | 100 | 95 | 102 | 100 | 81 |
| Expenses | Improving | 100 | 86 | 82 | 78 | 80 | 68 | 69 | 72 | 69 | 56 |
| Operating Profit | Improving | 43 | 34 | 34 | 40 | 37 | 32 | 26 | 30 | 31 | 24 |
| Operating Margin | Stable | 30.3% | 28.1% | 29.6% | 34.0% | 31.8% | 31.6% | 26.9% | 29.2% | 31.4% | 30.3% |
| Other Income | Improving | 2 | 2 | 3 | 1 | 1 | 0 | 2 | 2 | 0 | 2 |
| Interest | Improving | 3 | 2 | 2 | 4 | 4 | 3 | 4 | 4 | 3 | 2 |
| Depreciation | Improving | 11 | 12 | 12 | 11 | 11 | 10 | 10 | 9 | 10 | 8 |
| Profit Before Tax | Improving | 31 | 21 | 23 | 26 | 23 | 19 | 14 | 19 | 19 | 17 |
| Tax | Volatile | 8 | 5 | 6 | 6 | 6 | 3 | 4 | 5 | 5 | 5 |
| Net Profit | Improving | 23 | 16 | 17 | 19 | 17 | 16 | 10 | 14 | 14 | 13 |
| Net Margin | Stable | 16.4% | 13.5% | 14.9% | 16.4% | 14.8% | 16.0% | 10.9% | 13.8% | 14.1% | 15.8% |
Key Takeaways
- Revenue from operations grew 22.3% YoY to ₹142.97 crore, driven by expansion in surgical volumes.
- Net Profit surged by 35.5% YoY to ₹23.38 crore, reflecting significant operational leverage.
- EBITDA for the quarter stood at ₹45.22 crore, compared to ₹37.93 crore in the same period last year.
- The Board approved the re-appointment of M/s. B Y & Associates as Cost Auditors for FY2026-27.
- Shareholding data shows a steady increase in institutional confidence, with FII stake rising to 2.24%.
- Company is in the process of a strategic merger with its parent entity, Dr. Agarwal’s Health Care Limited (AHCL).
Management Guidance
The merger with parent AHCL is intended to create a unified platform for growth, simplify the corporate structure, and enhance financing capacity for future geographic expansion.
Sentiment Shift
Improving
Profitability growth outpaced revenue growth, indicating better cost management and higher-value surgical mix.
Outlook
The merger with AHCL, expected to conclude by Q2 FY2027, will consolidate the group's 230+ facilities, creating India's largest eye care chain with a unified capital allocation strategy.
From the Annual Report (Key Quotes)
“The Board of Directors... has considered and approved the Unaudited Financial Results for the quarter ended June 30, 2026.”
“Creation of a unified platform for growth through the simplification of the Group Structure.”
“Merger expected to benefit shareholders across AHCL & AEHL; expected to be EPS accretive from first year of implementation.”
Official Quarterly Documents
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This summary is AI-generated from Dr Agarwals Eye Hospital Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.