Pharmacy retail chain MedPlus Health Services Limited disclosed a 21.8% year-on-year drop in its consolidated net profit for the first quarter of FY27. The company’s net profit stood at Rs 33 crore for the April-June quarter, down from Rs 42 crore in the same period last fiscal year. Despite this, revenue from operations surged by 21.8% year-on-year to Rs 1,879.6 crore during the quarter, compared to Rs 1,542.6 crore in Q1 FY26.
Profitability faced challenges as EBITDA saw a slight 1.9% increase to Rs 133.2 crore from Rs 130.7 crore a year ago, with the EBITDA margin shrinking to 7.1% from 8.5%. Moreover, the company’s gross margin contracted by 160 basis points to 24.5% from 26.1% in the previous year’s quarter. Operating EBITDA also declined to Rs 65.1 crore from Rs 72.8 crore, with the operating EBITDA margin dropping to 3.5% from 4.7%.
During the quarter, MedPlus expanded its retail presence by adding 146 new stores, including 131 franchisee outlets, to enhance its market reach. Additionally, the company revealed plans to diversify its healthcare and wellness services through new investments in Telangana. One of its subsidiaries, Optival Health Solutions Private Limited, aims to establish a food park in Hyderabad with an estimated investment of about Rs 40 crore. This project will include a cold press oil extraction unit.
Furthermore, MedPlus intends to launch a Concierge Health & Wellness Services Facility in Hyderabad, offering preventive healthcare, diagnostics, specialist consultations, and wellness services through a subscription-based model. The project is anticipated to require an investment of around Rs 115 crore, with Rs 90 crore allocated for capital expenditure. MedPlus Health Services Limited’s shares closed at Rs 802.40 on the BSE, rising by Rs 1.45, or 0.18%, prior to the earnings announcement.
