MedPlus Health's Q1 profit falls 22 pc to Rs 33 crore

Mumbai, July 21 (AHN) Pharmacy retail chain MedPlus Health Services Limited on Tuesday reported a 21.8 per cent year-on-year (YoY) decline in its consolidated net profit for the first quarter of FY27.

The company reported a net profit of Rs 33 crore for the April-June quarter, compared with Rs 42 crore in the corresponding period last fiscal (Q1 FY26), according to its stock exchange filing.

Revenue from operations rose 21.8 per cent year-on-year to Rs 1,879.6 crore during the quarter, up from Rs 1,542.6 crore in Q1 FY26.

However, profitability remained under pressure. EBITDA increased marginally by 1.9 per cent to Rs 133.2 crore from Rs 130.7 crore a year ago, while the EBITDA margin contracted to 7.1 per cent from 8.5 per cent.

The company's gross margin also narrowed by 160 basis points to 24.5 per cent from 26.1 per cent in the year-ago quarter.

Operating performance remained subdued, with operating EBITDA declining to Rs 65.1 crore from Rs 72.8 crore in the corresponding quarter last year. Operating EBITDA margin fell to 3.5 per cent from 4.7 per cent.

During the quarter, MedPlus continued to expand its retail footprint by adding 146 new stores, including 131 franchisee outlets, strengthening its presence across key markets.

Alongside its quarterly results, the company announced plans to diversify its healthcare and wellness offerings through fresh investments in Telangana.

MedPlus said its material subsidiary, Optival Health Solutions Private Limited, intends to establish a food park in Hyderabad that will include a cold press oil extraction unit. The proposed project will involve an investment of around Rs 40 crore towards land development, construction, machinery, utilities, filling and packing lines, and other related capital expenditure.

The company also plans to set up a Concierge Health & Wellness Services Facility in Hyderabad. The proposed centre will offer preventive healthcare, diagnostics, specialist consultations and wellness services through a subscription-based membership model. The project is expected to involve an investment of around Rs 115 crore, including capital expenditure of Rs 90 crore.

Shares of MedPlus Health Services Limited ended the day at Rs 802.40 on the BSE, gaining Rs 1.45, or 0.18 per cent, ahead of the earnings announcement.