Nephrocare posts Q4 FY26 audio recording link
Nephrocare Health Services has released the audio recording of its investors' conference call held on May 20, 2026, discussing the audited financial results for Q4 and FY26. The company reported a 32.2% increase in full-year revenue to ₹998.8 crore and a 22.1% rise in Q4 net profit to ₹30.4 crore, driven by volume growth and international expansion.

*this image is generated using AI for illustrative purposes only.
Nephrocare Health Services has released the audio recording of its investors' conference call regarding the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The conference call was held on May 20, 2026, and the recording is now available on the company's official website. This disclosure follows the company's announcement of its financial performance for the period, which highlighted significant growth in revenue and profitability.
Financial Performance Overview
The company reported a consolidated net profit of ₹30.4 crore for Q4 FY26, marking a year-on-year increase of 22.1%. For the full fiscal year, revenue grew significantly to ₹998.8 crore, an increase of 32.2% compared to ₹755.8 crore in FY25. The Adjusted PAT for the full year stood at ₹128.3 crore, reflecting a 74.6% increase from the previous year.
Key Financial Metrics
The following table summarises the key financial metrics for Q4 and FY26 on a year-on-year basis:
| Metric | Q4 FY26 | Q4 FY25 | YoY | FY26 | FY25 | YoY |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹265.6 crore | ₹219.2 crore | 21.2% | ₹998.8 crore | ₹755.8 crore | 32.2% |
| Adj. EBITDA | ₹55.4 crore | ₹54.0 crore | 2.6% | ₹238.1 crore | ₹173.0 crore | 37.6% |
| Adj. EBITDA Margin | 20.9% | 24.6% | -380 bps | 23.8% | 22.9% | 100 bps |
| Profit After Tax | ₹30.4 crore | ₹24.87 crore | 22.1% | - | - | - |
Operational and Strategic Highlights
Nephrocare Health Services recorded a notable rise in both revenue and net profit during Q4 FY26. Revenue growth was driven by a 15.2% increase in treatment volumes and a favorable mix shift towards international markets. The company noted that international revenue contribution rose from 31.8% in FY25 to 41.8% in FY26. The Return on Capital Employed (RoCE) for FY26 was reported at 22.8%, a growth of 290 basis points. The firm continues to leverage its asset-light model, with approximately 52% of clinics operating under a revenue-sharing arrangement.
Historical Stock Returns for Nephrocare Health Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.10% | -5.69% | +13.79% | +28.83% | +28.83% | +28.83% |
With international revenue contribution surging from 31.8% to 41.8% in FY26, which specific geographies is Nephrocare targeting for further expansion, and what geopolitical or regulatory risks could threaten this growth trajectory?
Given the Q4 FY26 EBITDA margin compression of 380 basis points despite strong revenue growth, what cost pressures are emerging and can the company sustain its full-year margin improvement in FY27?
As Nephrocare approaches the ₹1,000 crore revenue milestone with its asset-light model, will the company consider transitioning to more owned clinic infrastructure to capture higher margins at scale?


































