Metropolis Healthcare Reports 23% Revenue Growth in Q2 FY26, Driven by Specialty Testing and Acquisitions
Metropolis Healthcare Limited, India's second-largest diagnostic chain, reported strong Q2 FY26 results with revenue up 23% YoY to ₹429.00 crore. EBITDA grew 19% to ₹109.00 crore, and PAT increased 13% to ₹53.00 crore. Patient volume rose 11% to 3.7 million, while test volume increased 12% to 7.9 million. B2C revenue grew 16% to ₹240.00 crore, and B2B revenue surged 33% to ₹189.00 crore. The company expanded in North India and Tier III cities, with recent acquisitions showing positive results. An interim dividend of ₹4.00 per equity share was declared.

*this image is generated using AI for illustrative purposes only.
Metropolis Healthcare Limited , India's second-largest diagnostic chain, has reported a robust 23% year-on-year revenue growth to ₹429.00 crore for the quarter ended September 30, 2025 (Q2 FY26). The company's EBITDA grew by 19% to ₹109.00 crore, while profit after tax (PAT) increased by 13% to ₹53.00 crore compared to the same quarter last year.
Key Financial Highlights
| Metric | Value | YoY Change |
|---|---|---|
| Revenue | ₹429.00 crore | +23% |
| EBITDA | ₹109.00 crore | +19% |
| PAT | ₹53.00 crore | +13% |
| Patient Volume | 3.7 million | +11% |
| Test Volume | 7.9 million | +12% |
Business Segment Performance
The company's growth was driven by strong performance across its business segments:
- B2C Revenue: ₹240.00 crore (+16% YoY)
- B2B Revenue: ₹189.00 crore (+33% YoY)
- TruHealth (wellness) Revenue: +24% YoY
- Specialty Testing Revenue: +33% YoY
Geographical Expansion and Acquisitions
Metropolis Healthcare has been actively expanding its presence across India:
- Revenue contribution from North India increased to 19% (from 17% in Q1 FY26)
- Tier III cities registered 13% revenue growth
The company's recent acquisitions have started showing positive results:
- Core Diagnostics achieved positive PAT and high single-digit EBITDA margins within two quarters of acquisition
- DAPIC (Dehradun) and Scientific Pathology (Agra) continue to outperform the company's average margin levels
Strategic Initiatives
Metropolis Healthcare is focusing on several key areas to drive growth:
- Expanding its test menu, with a focus on high-value specialty and preventive health tests
- Strengthening its presence in Tier II and Tier III markets
- Enhancing digital capabilities to improve customer experience and operational efficiency
- Pursuing strategic acquisitions to enter new geographies and expand service offerings
Management Commentary
Ameera Shah, Promoter and Executive Chairperson of Metropolis Healthcare, stated, "We've demonstrated that consistent growth and quality can go hand in hand. The swift turnaround of Core Diagnostics and the strong performance of our recent acquisitions in Dehradun and Agra reaffirm the strength of our integration strategy and our ability to create sustainable value through local excellence."
Surendran Chemmenkotil, Managing Director, added, "We delivered consistent results this quarter, in line with our guidance, even as lower incidence of vector-borne diseases impacted seasonal demand. Our focus on execution excellence, productivity enhancement, and operational optimization helped sustain growth momentum and deliver year-on-year margin expansion in H1."
Dividend Declaration
The Board of Directors has approved an interim dividend of ₹4.00 per equity share (face value of ₹2.00 each) for the financial year 2025-26.
Outlook
Metropolis Healthcare remains confident in achieving its stated growth and profitability targets for the rest of the year. The company continues to focus on deepening its presence across 750+ towns, with sharper penetration in Tier 2 and Tier 3 markets, supported by a strong product portfolio and productivity-enhancing initiatives in the network.
As Metropolis Healthcare continues to expand its footprint and enhance its service offerings, it is well-positioned to capitalize on the growing demand for quality diagnostic services in India.
Historical Stock Returns for Metropolis Healthcare
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.31% | +4.46% | -2.04% | +19.43% | -3.48% | +4.91% |










































