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THYROCARETECHNOLOGIES Information Technology 01 May 2026

Thyrocare Technologies Ltd — Q4 FY26

Thyrocare delivered a strong Q4 FY26 with consolidated revenue of ₹224 crore (+20% YoY) and PAT of ₹48.7 crore (+128% YoY), driven by 21% growth in franchisee business and 23% i...

bullish high
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Revenue ₹224 Cr +20%
EBITDA +31%
PAT ₹49 Cr +128%
EBITDA Margin 24%
Duration 68 min
Read Time 1 min read

✓ Verified against BSE filing

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Reagent price increases from dollar strength

Vendors have requested price increases due to dollar appreciation; if sustained, margins could be pressured unless passed on.

medium · analyst_question
R

Partnership business growth dip due to one-off normalization

Q4 partnership growth slowed to 23% due to normalization of insurance pricing and lower camp volumes; management attributes it to a one-off but it may recur.

low · management_commentary
R

Tanzania business still loss-making

Tanzania operations have not yet broken even after 18 months, with quarterly losses of ~₹1 crore, though minimal.

low · analyst_question
R

Specialty expansion may pressure near-term margins

Investments in specialty (genomics, allergy) will have lower gross margins initially, potentially weighing on overall profitability until scale is achieved.

medium · data_observation