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Earnings Call Transcript

Vijaya Diagnostic Centre Earnings Call Transcript: Key Takeaways

Vijaya Diagnostic delivered strong Q2 growth, leveraging operating leverage and CGHS tariff revisions to expand margins significantly despite aggressive network expansion.

Why this was an Alfa AlertRevenue beat own guidance: guided 15–20, achieved 25 (+25.0% above upper end, mgmt confirmed).
Vijaya Diagnostic Centre Q2 FY27 concall: date, live audio and summaryConcall page →
Guidance and delivery
Revenue: guided vs achieved 25.00% achieved Guided 15.00%–20.00%, 25.0% above the top of the range; confirmed by management
Revenue guidance 17.5% → 20.0% Raised by 2.5 percentage points
Management target Revenue 20.0% FY27
Highlights
Revenue growth26.7% YoY growth, driven by 16.5% volume and higher radiology mix.
MarginsEBITDA margin expanded 350 bps to 44.1% due to operating leverage.
Demand visibilityStrong underlying demand for quality diagnostics; high-end radiology seeing robust traction.
Management confidenceHigh; management emphasized sustainable momentum across both core and new markets.

Growth

Consolidated revenue grew 26.7% YoY, primarily volume-led (16.5%) with a favorable shift toward high-end radiology tests and a 3% boost from CGHS tariff revisions.

Outlook

Management raised revenue guidance to at least 20% for FY27, citing strong H1 momentum and network ramp-up.

Risks

High geographic concentration in Hyderabad (67% revenue) and potential execution risks in newer markets like Kolkata and Pune.

Last quarter's promises, checked

Delivered

  • FY27 'high double digit' → Q2 rev +26.7% YoY, FY27 raised to ≥20% (= BEAT)
  • EBITDA margin 'above 40%' → 44.1% (= BEAT)
  • Surplus cash ~₹330 Cr → ₹355 Cr (= BEAT)

Partly delivered

  • 9 hubs in 12 mo → 8 hubs by Q1 FY28 (= PARTIAL)
  • Capex ₹190–195 Cr → ₹155–160 Cr for 8 hubs (= PARTIAL)
Source

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

Read the document ↗

Vijaya Diagnostic Centre Ltd: key numbers

Share price
₹1,425.00
Market cap
₹14,677 Cr
Revenue (annual)
₹814.2 Cr
Net profit (annual)
₹173.0 Cr
P/E (TTM)
72.1×Sector 53.8×
Promoter holding
52.46%-0.05% QoQ
FII holding
10.67%Current quarter

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

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