Intimation of Press Release
LAXMIDENTL · price
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Awaiting price reaction for this filing.
Laxmi Dental reported Q1 FY26 consolidated revenue of INR 656 mn, up 9.9% year-on-year, against a high base of INR 596.6 mn in Q1 FY25. EBITDA fell 15% YoY to INR 119.1 mn with margin compressing to 18.2% from 23.5%, partly due to lower-margin scanner sales and INR 18.4 mn in non-cash ESOP expenses. Profit after tax dropped sharply to INR 83.3 mn from INR 168.5 mn, as Q1 FY25 included a one-time INR 66.2 mn exceptional gain from a property sale. Adjusted EBITDA (which adds back ESOP and 60% of Kids-e-Dental profit) stood at INR 147.7 mn, down 13.6% YoY. Management guided for 20–25% full-year revenue growth with healthy margins, and expects gross margins to normalise from Q2 FY26 onwards.
Near-term profitability is under pressure from scanner mix and ESOP costs, but management's full-year guidance of 20–25% revenue growth and margin normalisation from Q2 onwards could support sentiment if execution holds. The steep YoY PAT decline looks worse than it is due to the non-recurring property gain in the base quarter.