Family Care Hospitals Reports FY26 Net Loss of ₹868.29 Lakhs; CS Resigns
Family Care Hospitals Limited reported audited standalone financial results for FY26, posting a net loss of ₹868.29 lakhs on revenue from operations of ₹20.97 lakhs. The board approved a postal ballot, appointed a scrutinizer and e-voting agency, and recorded the resignation of Company Secretary Mrs. Neetu Maurya effective May 02, 2026. Auditors highlighted a ransomware attack on January 30, 2026, and ₹38.03 crore in unutilised Discount Coupon Voucher inventory as key matters of emphasis.
*this image is generated using AI for illustrative purposes only.
Family Care Hospitals Limited reported its audited standalone financial results for the quarter and year ended March 31, 2026, approved by the Board of Directors at its meeting held on May 12, 2026. The company posted a net loss of ₹868.29 lakhs for the full year, compared to a net loss of ₹4,414.53 lakhs in the previous year. Revenue from operations declined sharply to ₹20.97 lakhs for the year, against ₹790.46 lakhs in the prior year. The financial results were reviewed by the Audit Committee and audited by statutory auditors Rafik and Associates, Chartered Accountants, who issued an unmodified opinion.
Financial Performance Overview
The company's total income for the year stood at ₹45.02 lakhs, significantly lower than ₹1,105.68 lakhs in the previous year. For Q4 FY26, total income was ₹16.68 lakhs, compared to ₹205.19 lakhs in Q4 FY25. The following table summarises the key financial metrics (figures in ₹ lakhs):
| Metric: | Q4 FY26 (Audited) | Q3 FY26 (Unaudited) | Q4 FY25 (Audited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|---|---|
| Revenue from Operations: | 5.86 | 6.01 | 2.43 | 20.97 | 790.46 |
| Other Income: | 10.82 | 2.81 | 202.76 | 24.04 | 315.22 |
| Total Income: | 16.68 | 8.82 | 205.19 | 45.02 | 1,105.68 |
| Total Expenses: | (168.74) | 104.56 | 138.27 | 485.57 | (1,909.66) |
| Profit/(Loss) Before Exceptional Items & Tax: | 185.42 | (95.74) | 66.92 | (440.55) | 3,015.34 |
| Exceptional Items: | (427.73) | 0.00 | 0.00 | (427.73) | (7,462.00) |
| Profit/(Loss) Before Tax: | (242.31) | (95.74) | 66.92 | (868.29) | (4,446.66) |
| Net Profit/(Loss): | (242.31) | (95.74) | 99.06 | (868.29) | (4,414.53) |
| Total Comprehensive Income/(Loss): | (241.48) | (95.74) | 111.54 | (867.46) | (4,402.05) |
| Basic & Diluted EPS (₹): | (0.45) | (0.18) | (0.39) | (1.61) | (8.17) |
Balance Sheet Highlights
As at March 31, 2026, the company's total assets stood at ₹4,308.15 lakhs, compared to ₹4,609.11 lakhs in the previous year. Inventories remained unchanged at ₹3,803.00 lakhs, which include Discount Coupon Vouchers of ₹38.03 crore that have remained unutilised due to the closure of the company's main hospital operations. Cash and cash equivalents were ₹26.40 lakhs as at March 31, 2026. Equity share capital stood at ₹5,401.48 lakhs, while other equity was negative at ₹(4,456.04) lakhs.
| Particulars: | March 31, 2026 (₹ lakhs) | March 31, 2025 (₹ lakhs) |
|---|---|---|
| Total Non-Current Assets: | 377.87 | 494.16 |
| Total Current Assets: | 3,930.28 | 4,114.95 |
| Total Assets: | 4,308.15 | 4,609.11 |
| Equity Share Capital: | 5,401.48 | 5,401.48 |
| Other Equity: | (4,456.04) | (4,055.53) |
| Total Non-Current Liabilities: | 26.05 | 43.48 |
| Total Current Liabilities: | 3,336.66 | 3,219.69 |
| Total Equity & Liabilities: | 4,308.15 | 4,609.11 |
Cash Flow Statement
For the year ended March 31, 2026, net cash used in operating activities was ₹(544.21) lakhs, compared to ₹(1,731.73) lakhs in the prior year. There were no investing activities during the year. Net cash from financing activities was ₹607.03 lakhs, driven by proceeds from issuance of share capital of ₹466.94 lakhs and borrowings of ₹177.42 lakhs. Cash and cash equivalents at the end of the year were ₹86.40 lakhs, up from ₹23.58 lakhs at the beginning of the year.
Auditor's Emphasis of Matter
The statutory auditors drew attention to two key matters without qualifying their report. First, the company was subjected to a ransomware attack on January 30, 2026, resulting in corruption of primary and backup data. Financial information has been reconstructed based on available records, and necessary controls have been strengthened. Second, the inventory includes Discount Coupon Vouchers of ₹38.03 crore, which have remained unutilised due to the closure of the company's main hospital operations, and will be utilised and/or sold upon revival of hospital operations. The management believes the impact of the ransomware attack, to the extent ascertainable, has been appropriately considered in the financial results.
Board Meeting Outcomes and Corporate Developments
At the Board meeting held on May 12, 2026, in addition to approving the financial results, the Board also approved the Postal Ballot Notice and appointed M/s. Mukesh Siroya and Co., Practicing Company Secretary, as Scrutinizer to conduct the postal ballot process. Purva Sharegistry (India) Private Limited has been appointed to provide e-voting facilities, with the e-voting period commencing at 9:00 AM IST on May 22, 2026 and ending at 5:00 PM IST on June 20, 2026. The cut-off date for determining eligible members was fixed as May 8, 2026. Separately, the Board took on record the resignation of Mrs. Neetu Maurya from the position of Company Secretary and Compliance Officer, effective from the close of business hours on May 02, 2026, due to personal reasons. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
| Particulars: | Details |
|---|---|
| Designation: | Company Secretary & Compliance Officer |
| Reason for Resignation: | Personal Reasons |
| Date of Cessation: | May 02, 2026 |
| Board Record Date: | May 12, 2026 |
| Scrutinizer Appointed: | M/s. Mukesh Siroya and Co., Practicing Company Secretary |
| E-Voting Period: | May 22, 2026 (9:00 AM IST) to June 20, 2026 (5:00 PM IST) |
| Cut-off Date for Postal Ballot: | May 8, 2026 |
Historical Stock Returns for Family Care Hospitals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.56% | +2.89% | -0.62% | -16.88% | -29.98% | -80.34% |
What is the timeline and feasibility of Family Care Hospitals reviving its main hospital operations to unlock the ₹38.03 crore in unutilised Discount Coupon Vouchers currently sitting as inventory?
How might the January 2026 ransomware attack affect the company's ability to secure cyber insurance, attract investors, or meet future regulatory compliance requirements?
Given the deeply negative other equity of ₹(4,456.04) lakhs and mounting current liabilities of ₹3,336.66 lakhs, what restructuring or capital infusion strategies could the company pursue to avoid insolvency proceedings?
19
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
