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Poly Medicure (531768) investor relations material
Poly Medicure Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 25/26 earnings summary10 Nov, 2025
Executive summary
Closed acquisitions of Citieffe Group (Italy, orthopedics) and PendraCare Group (Netherlands, cardiology), expanding the global footprint and addressable market by $70 billion.
Launched Poly Medic/Polymed Academy of Clinical Excellence and expanded AI-powered training programs.
Board approved unaudited standalone and consolidated financial results for Q2 and H1 ended 30th September 2025, with financials reviewed and unmodified by auditors.
Domestic business saw strong growth, while international business is recovering, especially in Europe and ROW markets.
Launched 8 new products in Q2 FY26 and initiated clinical studies for RisoR stent in India and Europe.
Financial highlights
Q2 FY26 consolidated revenue: INR 444 crore (₹44,388.16 lacs), up 5.7% YoY and 10.1% QoQ; H1 FY26 revenue: INR 847 crore (₹92,315.46 lacs), up 5.3% YoY.
Q2 gross profit: INR 308 crore, gross margin 69.4%; operating EBITDA: INR 119 crore, margin 26.8% (excluding INR 3.2 crore one-time acquisition cost).
Q2 net profit: INR 92 crore (₹9,183.50 lacs), net margin 19.2%; H1 net profit: INR 185 crore (₹18,491.76 lacs), up 14.5% YoY, net margin 20%.
H1 operating EBITDA: INR 226 crore, margin 26.7%; PAT up 14.5% YoY.
Basic EPS for Q2 FY26 was ₹9.17, up 0.6% YoY.
Outlook and guidance
FY26 revenue growth guidance revised to 15%-16% (from 20% earlier); H2 revenue guidance: INR 1,080-1,090 crore (25% increase over H1).
Domestic business expected to grow 28%-30% in FY26; international business guided for ~10% growth including acquisitions.
Operating EBITDA margin guidance maintained at 25%-27%, with H1 tracking near the higher end.
CapEx for FY26: INR 250 crore; similar CapEx expected in FY27.
Management expects to finalize fair value measurements for the Pendra Care Group acquisition within one year from acquisition date.
When will new acquisitions match Polymed margins?
US FDA's Indian lab results policy impact
Compare long-term potential: Cardiology vs Critical Care
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Next Poly Medicure earnings date
Q3 25/262 Feb, 2026
Next Poly Medicure earnings date
Q3 25/262 Feb, 2026
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