| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 447 | 298 | +49.7% |
| EBITDA | −8.4 | 6.1 | — |
| EBITDA margin | −1.9% | 2.0% | −3.9 pts |
| Profit before tax | 2.0 | 30.2 | −93.5% |
| Net profit | 2.0 | 26.6 | −92.5% |
| EPS | ₹0.80 | ₹7.52 | −89.4% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 888 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 30.2 | 30.2 | 12.4 | 33.6 | 31.7 | ||
| 124 | 124 | 195 | — | — | ||
| 22.1 | 22.1 | 0.0 | 0.0 | 0.0 | ||
| 1,004 | — | — | — | — | ||
| 1,468 | 1,319 | 1,111 | 1,376 | 1,040 | ||
| — | +18.8% | −19.2% | +32.3% | — | ||
| −66.5 | −52.1 | −56.0 | 5.4 | −44.0 | ||
| −4.5% | −4.0% | −5.0% | 0.4% | −4.2% | ||
| −73.9 | −58.7 | −61.9 | −3.7 | −52.2 | ||
| −26.1 | −1.4 | −134 | 5.9 | −99.5 | ||
| −1.8% | −0.1% | −12.0% | 0.4% | −9.6% | ||
| −₹6.35 | ₹0.37 | −₹28.66 | ₹2.79 | −₹22.70 | ||
| — | +101.3% | −1,126.3% | +112.3% | — | ||
| — | −73.8 | −17.3 | 38.2 | −104 | ||
| — | −14.9 | −10.4 | −14.2 | −27.9 | ||
| −88.8 | −88.8 | −27.7 | 23.9 | −132 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 888.1 | |
| - Cash, Equiv & ST Investments | 31.7 | 33.6 | 12.4 | 30.2 | 30.2 | |
| + Minority Interest | — | — | 194.7 | 124.4 | 124.4 | |
| + Total Debt | 0.0 | 0.0 | 0.0 | 22.1 | 22.1 | |
| Enterprise Value | — | — | — | — | 1,004.4 | |
| Revenue | 1,039.8 | 1,375.7 | 1,111.0 | 1,319.3 | 1,467.7 | |
| Growth %, YoY | — | +32.3 | -19.2 | +18.8 | — | |
| EBITDA | -44.0 | 5.4 | -56.0 | -52.1 | -66.5 | |
| Margin % | -4.23 | 0.39 | -5.04 | -3.95 | -4.53 | |
| EBIT | -52.2 | -3.7 | -61.9 | -58.7 | -73.9 | |
| Net Income | -99.5 | 5.9 | -133.5 | -1.4 | -26.1 | |
| Margin % | -9.57 | 0.43 | -12.02 | -0.11 | -1.78 | |
| EPS, Adj (current shares) | -22.70 | 2.79 | -28.66 | 0.37 | -6.35 | |
| Growth %, YoY | — | +112.3 | -1,126.3 | +101.3 | — | |
| Cash from Operations | -104.5 | 38.2 | -17.3 | -73.8 | — | |
| Capital Expenditures | -27.9 | -14.2 | -10.4 | -14.9 | — | |
| Free Cash Flow | -132.4 | 23.9 | -27.7 | -88.8 | -88.8 | |
Prices at the previous close · figures from the company's filings with NSE
Health X Platform (NSE: HEALTHX) had a market capitalisation of ₹888 crore at the previous close (₹279.20 a share) and a price-to-book ratio of 1.39. In FY26 its consolidated net profit attributable to shareholders was ₹1.2 crore on revenue of ₹1,319 crore; in Q1 FY27 (April–June 2026) it was ₹2.5 crore, down 89.4% year on year. Its debt-to-equity ratio was 0.03 on 31 March 2026. Promoters held 74.07% of the shares on 30 September 2026.
Health X Platform's PE ratio is not meaningful at the previous close: its consolidated net profit attributable to shareholders over the last four quarters (Q2 FY26 to Q1 FY27) was a loss of ₹20.2 crore, and a price-to-earnings ratio needs positive earnings. Its market capitalisation was ₹888 crore at ₹279.20 a share.
Health X Platform's price-to-book (PB) ratio is 1.39 at the previous close: a market capitalisation of ₹888 crore divided by shareholders' equity (book value) of ₹641 crore on 31 March 2026. That is a book value of ₹201.47 per share against a share price of ₹279.20.
Health X Platform's debt-to-equity ratio was 0.03 on 31 March 2026: borrowings, debt securities, deposits and subordinated debt of ₹22.1 crore against total equity of ₹765 crore. A year earlier, on 31 March 2025, it was 0.00.
Health X Platform's market capitalisation was ₹888 crore at the previous close: 3.18 crore shares at ₹279.20 each.
No. Health X Platform had borrowings of ₹22.1 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.03. Its cash and current investments were ₹30.2 crore, so it held net cash of ₹8.1 crore.
Health X Platform's basic earnings per share (EPS) were ₹0.37 in FY26. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to −₹6.35.
Health X Platform's net worth — shareholders' equity in its consolidated balance sheet — was ₹641 crore on 31 March 2026, down 4.3% from ₹670 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹888 crore at the previous close.
Promoters held 74.07% of Health X Platform on 30 September 2026, unchanged from the previous quarter and down 0.17 percentage points from 74.24% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Health X Platform generated ₹73.8 crore of cash from operations and spent ₹14.9 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹88.8 crore. In FY25 it was −₹27.7 crore.
In FY26, Health X Platform's return on equity (ROE) was 0.2%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year).
In FY26 (April 2025–March 2026), Health X Platform's consolidated net profit attributable to shareholders was ₹1.2 crore, against a loss of ₹91.2 crore in FY25, on revenue from operations of ₹1,319 crore (up 18.8%).
Health X Platform has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
Health X Platform's book value per share was ₹201.47 on 31 March 2026: shareholders' equity of ₹641 crore divided by the 3.18 crore shares in issue, down 4.3% from ₹210.58 a year earlier. The share price at the previous close was ₹279.20.
Health X Platform's latest results are for Q1 FY27 (April–June 2026), filed on 7 August 2026: consolidated net profit attributable to shareholders ₹2.5 crore, down 89.4% from ₹23.9 crore in Q1 FY26; revenue from operations ₹447 crore, up 49.7% year on year.
In FY26, Health X Platform earned net profit attributable to shareholders of ₹1.2 crore on revenue of ₹1,319 crore, against ₹32.2 crore on ₹310 crore for Suraksha Diagnostic. Health X Platform's operating margin was −4.5% (Suraksha Diagnostic 17.4%) and its return on equity 0.2% (Suraksha Diagnostic 14.1%).
On 30 September 2026, Health X Platform's shares were held by promoters 74.07%, foreign portfolio investors (FII/FPI) 2.32%, domestic institutions (DII) 2.61% and retail and other non-institutional investors 21.00%. Over the year, FII holding was up 0.28 percentage points from 2.04% and DII holding was up 0.54 percentage points from 2.07%.
On FY26 consolidated figures, against Suraksha Diagnostic, Krsnaa Diagnostics and Nephrocare Health Services: Health X Platform's operating margin of −4.5% is the lowest of the four (Suraksha Diagnostic 17.4%, Krsnaa Diagnostics 15.7%, Nephrocare Health Services 13.7%; peer average 15.6%); its return on equity of 0.2% is the lowest of the four (Suraksha Diagnostic 14.1%, Krsnaa Diagnostics 10.9%, Nephrocare Health Services 6.9%; peer average 10.6%).
From Health X Platform's own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.