| ₹ 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 |
|---|
| 887 | — | — | — | — | 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 | ||
| 1,003 | — | — | — | — | ||
| 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 | — | — | — | — | 886.9 | |
| - 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 | — | — | — | — | 1,003.2 | |
| 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 29 October 2026 close · figures from the company's filings with NSE
Health X Platform (NSE: HEALTHX) had a market capitalisation of ₹888 crore at the 29 October 2026 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 29 October 2026 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 29 October 2026 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 29 October 2026 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 29 October 2026 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 29 October 2026 close was ₹279.20.
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%.
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.
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%).
At the 29 October 2026 closing prices, on FY26 net profit attributable to shareholders, Health X Platform's PE ratio is 755.3, the highest of the four: Suraksha Diagnostic 51.7, Krsnaa Diagnostics 15.9 and Nephrocare Health Services 82.1, a peer average of 49.9. Each is the company's market capitalisation at that price divided by its FY26 net profit.
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%). At the 29 October 2026 close, Health X Platform's market capitalisation was ₹888 crore against ₹1,664 crore for Suraksha Diagnostic, and its PE ratio on FY26 profit 755.3 against 51.7.
From Health X Platform's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). 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.