Enclosed
POLYMED · price
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Poly Medicure reported FY26 consolidated revenue of Rs 1,875.3 Cr (up 12.3% YoY) and standalone revenue of Rs 1,662.5 Cr (up 3.8% YoY). Q4 FY26 standalone revenue hit a record Rs 443 Cr, while consolidated revenue reached Rs 534.5 Cr (up 21.3% YoY) aided by acquisitions of Citieffe and Pendracare Group. Standalone EBITDA margin came in at 26.8%, near the upper end of the 25-27% guidance range, with gross margins expanding by 130 bps due to product mix and cost optimization. Consolidated EBITDA margin was 24.4%, impacted by one-time acquisition costs of Rs 9.7 Cr and consolidation of acquired entities. The company holds strong liquidity of Rs 842.2 Cr and achieved ROIC of 21.4%. Key business updates include DEB commercial sales initiation, 450 dialysis machines sold, and acquisition of Brazil-based Medyneo for market access.
Poly Medicure delivered steady standalone performance within guidance while consolidated margins are temporarily pressured by recent acquisitions. The company remains in a high investment phase with Rs 296 Cr capex and expanded R&D plans. Strong cash position and ROIC above 20% provide flexibility for growth execution.