Medplus Health Services Ltd (NSE:MEDPLUS)

Q2 2026 MedPlus Health Services Ltd Earnings Call Transcript

Nov 3, 2025 / 10:30 AM GMT

Release Date Price: ₹820.05 (+7.50%)

Transcript

Key Points

Positve

Medplus Health Services Ltd (BOM:543427) added 145 new stores in the current quarter, with a net addition of 117 stores, indicating strong expansion efforts.
The company has opened 10 new warehouses in the last 18 months, enhancing backend operations and infrastructure for scalability.
Private label sales constitute 21.5% of total revenues, showing a strong presence in both pharmaceutical and non-pharmaceutical categories.
Diagnostic revenue grew to INR 332.5 million in Q2 FY26, up from INR 283.1 million in the previous year, reflecting growth in this segment.
The company has implemented a retention plan for store-level employees, which has significantly reduced attrition rates in major cities.

Negative

There were 28 store closures in the current quarter, which could indicate challenges in certain locations.
The company is trailing behind its target for store additions in the first half of the year, raising concerns about meeting annual goals.
The GST change has led to a temporary blockage of input tax credit, impacting working capital.
Employee expenses have grown by 19% year-on-year, outpacing revenue growth of 7%, which could pressure margins.
The diagnostic segment, while growing, remains a small portion of the overall business, contributing less than 2% to total revenues.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MEDP.NS - MedPlus Health Services Ltd
Q2 2026 MedPlus Health Services Ltd Earnings Call
Nov 03, 2025 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to MedPlus Health Services Limited Q2 FY26 earnings conference call. As a reminder, all participant clients will be in the listen early mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Srinivas from MedPlus Health Services Limited.

Thank you, and over to you, sir.

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Unidentified_2 [2]
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