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ENTERO Diversified 14 Aug 2025

Entero Healthcare Solutions Limited — Q1 FY26

Entero Healthcare delivered a strong Q1 FY26 with revenue of ₹1,440 crore, up 28% YoY (31% like-to-like), driven by 15% organic growth (1.6x IPM) and 16% from M&A.

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Revenue ₹1,404 Cr +28%
EBITDA ₹50 Cr +66%
PAT ₹30 Cr +47%
EBITDA Margin 4% +82bps
Duration 54 min
Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Entero Healthcare delivered a strong Q1 FY26 with revenue of ₹1,440 crore, up 28% YoY (31% like-to-like), driven by 15% organic growth (1.6x IPM) and 16% from M&A. EBITDA grew 66% YoY to ₹50 crore, with margins expanding 82 bps to 3.6%, despite annual wage hikes. PAT rose 47% to ₹30 crore. Gross margins improved 83 bps to 9.9% on better mix and procurement. Management reiterated FY26 guidance of 30% revenue growth and 4%+ EBITDA margins, with operating leverage expected from Q2 onward as seasonal demand picks up. Working capital days targeted to reduce from 66 to 60 by year-end. Risk: Integration of recent acquisitions may face regulatory delays (e.g., drug license site outage).

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Focused Modules

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Risk Intelligence

Regulatory delays in acquisition closures

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Quarter Snapshot

Retailers served 71,000
+18% YoY

Increased from 60,000 in Q1 FY25, reflecting continued customer acquisition.

Hospitals served 2,500+
flat QoQ

Hospital count stable sequentially; focus on wallet share growth.

SKUs handled 74,700
+24% YoY

Expanded product range, including higher-margin categories like medical devices.

Working capital days 66 days
-5 days YoY

Reduced from ~71 days a year ago; targeting 60 days by FY26 end.

Fast read

Guidance and risk preview

Top guidance 30% revenue growth for FY26

Management expects full-year revenue growth of 30%, including ~15% organic and ~15% from M&A, with ~₹500 crore of acquired revenue recognized.

Top risk Regulatory delays in acquisition closures

Closure of two announced acquisitions delayed due to drug license site outage, impacting revenue recognition timing.

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