QMS Medical gets NSE in-principle approval for main board migration
QMS Medical Allied Services secured in-principle approval from NSE on June 03, 2026 to migrate its listing from the SME platform to the main board, following board approval of the Information Memorandum. For FY26, the company reported a 13% decline in consolidated net profit to ₹1,191.68 lakh, even as revenue from operations rose 11% to ₹17,287.65 lakh, with the board recommending a final dividend of ₹0.50 per share.

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QMS Medical Allied Services received in-principle approval from the National Stock Exchange of India (NSE) on June 03, 2026, to migrate its equity shares listing from the SME Platform (EMERGE) to the main board. This development follows the board's earlier approval of the Information Memorandum for this strategic migration during its meeting on May 30, 2026. The move aims to provide greater liquidity and visibility for the company's shares in the capital markets.
The company had previously reported its financial results for the year ended March 31, 2026, showing a 13% decline in consolidated net profit to ₹1,191.68 lakh despite an 11% rise in revenue from operations to ₹17,287.65 lakh. The board had recommended a final dividend of ₹0.50 per share, subject to shareholder approval.
Consolidated Financial Performance
Rising expenses impacted the consolidated bottom line during FY26, with total expenses increasing to ₹15,748.97 lakh from ₹13,906.78 lakh in the previous year. Profit before tax stood at ₹1,643.99 lakh compared to ₹1,866.21 lakh in FY25. Profit attributable to owners of the company declined to ₹1,013.21 lakh from ₹1,209.23 lakh, while non-controlling interest accounted for ₹178.47 lakh. Basic and diluted earnings per share (EPS) fell to ₹5.40 from ₹6.65.
| Particulars: | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue From Operations: | 17,287.65 | 15,601.41 |
| Other Income: | 105.31 | 171.58 |
| Total Income: | 17,392.96 | 15,772.99 |
| Total Expenses: | 15,748.97 | 13,906.78 |
| Profit Before Tax: | 1,643.99 | 1,866.21 |
| Net Profit (Total): | 1,191.68 | 1,369.84 |
| Profit Attributable to Owners: | 1,013.21 | 1,209.23 |
| Profit Attributable to NCI: | 178.47 | 160.61 |
| Basic EPS (₹): | 5.40 | 6.65 |
Standalone Financial Performance
On a standalone basis, net profit fell to ₹669.08 lakh from ₹1,042.06 lakh in FY25. Revenue from operations grew to ₹15,229.73 lakh from ₹14,486.74 lakh, while total expenses rose to ₹14,319.98 lakh from ₹13,090.15 lakh. Profit before tax was ₹945.22 lakh, down from ₹1,442.17 lakh in the prior year.
| Particulars: | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue From Operations: | 15,229.73 | 14,486.74 |
| Total Income: | 15,265.20 | 14,532.32 |
| Total Expenses: | 14,319.98 | 13,090.15 |
| Profit Before Tax: | 945.22 | 1,442.17 |
| Net Profit: | 669.08 | 1,042.06 |
| Basic EPS (₹): | 3.56 | 5.73 |
Corporate Actions and Auditor Details
The board recommended a final dividend of 5%, or ₹0.50 per equity share, for FY26, pending shareholder approval. It also approved the re-appointment of M/s. Khushbu Parekh & Co., Chartered Accountants, as internal auditors for FY 2026-27. H.H. Dedhia And Associates, the statutory auditors, issued an unmodified opinion on the financial statements. The consolidated results include subsidiary Saarthi Healthcare Private Limited, which reported total assets of ₹4,328.44 lakh as of March 31, 2026.
Historical Stock Returns for QMS Medical Allied Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.23% | +0.46% | -2.44% | -4.62% | +2.09% | -31.62% |
How will the migration to the main board impact the company's cost of capital and ability to raise future funds?
What specific measures does QMS Medical plan to implement to curb rising expenses and restore profit margins?
Will the increased visibility from the main board listing attract strategic partnerships or acquisitions for the company?





























