Krsnaa Diagnostics (KRSNAA) Q2 2025 earnings summary

Executive summary

• Achieved strong growth in Q2 and H1 FY2025, driven by operational efficiency, increased patient footfalls, new project wins, and strategic investments in high-growth healthcare sectors such as oncology and cardiac care.

• Expanded geographic footprint to 150+ districts across 18 states/UTs, with major contracts in Jharkhand, Assam, Maharashtra, Madhya Pradesh, and Odisha, including 45 new radiology centers, one pathology lab, and 731 collection centers.

• Entered strategic partnerships with United Imaging and Medikabazaar to enhance diagnostic capabilities and expand into Tier 2 and Tier 3 cities, with plans for 30+ imaging and pathology centers and favorable financing terms.

• Strategic investment in Apulki Healthcare for exclusive oncology and cardiac diagnostics partnership, securing a 30-year contract and long-term revenue visibility.

• Focused on asset-light, technology-enabled expansion and a patient-centric retail strategy to diversify revenue streams.

Financial highlights

• Q2 FY2025 consolidated revenue reached ₹1,863.40 million, up 20% year-on-year; H1 FY2025 consolidated revenue at ₹3,565.72 million, up 21% year-on-year.

• Q2 EBITDA was ₹509 million, up 58% year-on-year; H1 EBITDA at ₹951 million, up 48% year-on-year.

• Q2 PAT stood at ₹195.96 million, up 87% year-on-year; H1 PAT at ₹375.17 million, up 49% year-on-year.

• Maintained net debt-free status with cash and equivalents of ₹112.79 million as of September 2024.

• Receivables at ₹243 crores, with ₹125 crores from two states; company expects receivable days to normalize to 90 by year-end.

Outlook and guidance

• Confident in achieving 25% revenue growth for FY2025, with sustainable EBITDA margins above previous guidance.

• Guidance for CapEx remains at ₹1,700 million for FY2025.

• Margins expected to remain stable, supported by operational efficiencies and cost-saving initiatives.

• Focus on tapping underpenetrated diagnostic markets via new PPP tenders and expanding retail presence.

• Plans to leverage digital marketing, process automation, and cost control for sustained profitability.