LAXMIDENTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Laxmi Dental reported its highest-ever quarterly revenue of INR 74.0 Cr in Q4FY26, up 21.9% YoY, with EBITDA margin of 18.3% and PAT margin of 13.6%. Full year FY26 revenue stood at INR 278 Cr (16.2% growth), with EBITDA margin of 15.6% and PAT margin of 10.4%. The company faced headwinds from US tariffs impacting margins by 72 bps for FY26, a one-time INR 57.8 Mn expense due to new labour code gratuity changes, and higher ESOP expenses of INR 52.6 Mn. Laboratory business delivered strong growth with domestic up 18% and international up 32%. Cash position declined significantly from INR 1,093.6 Mn to INR 84.0 Mn, with negative operating cash flow of INR 50.0 Mn in FY26.
Strong quarterly performance despite macro challenges; however, margin pressures from tariffs and one-time expenses, combined with declining cash reserves, may concern investors. The company continues to expand its dental network and digital penetration to ~80%.