StockWatch
·

Dr. Lal PathLabs Ltd

BSE: 539524

P/L Snapshot

Q2 FY27 · standalone

vs Q1 FY27·vs Q2 FY26
Revenue
866.00
+9.0%+19.9%
Expenditure
625.10
+9.3%+18.5%
Net Profit
179.70
+8.3%+23.3%
OPM %
30.90%
-0.30pp+0.15pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
0.00242.48484.96727.44969.92Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
Price Chart
Reports

Dr Lal PathLabs Q2 FY27: consolidated PAT +27% YoY, margins expand, beats growth guidance

diagnostics · margin expansion · revenue growth

ResultsQ2 FY2704 Nov 20263 minPharma & Healthcare

Can Dr. Lal PathLabs sustain Q1's 19% growth as it scales acquisitions?

diagnostics · revenue growth · margin expansion

Result previewQ2 FY2729 Oct 20263 minPharma & Healthcare

Dr. Lal PathLabs: Converging signals of expansion and capital return

diagnostics · expansion · margin

ResearchDeep dive11 Aug 20265 minPharma & Healthcare
Latest
Board Meeting4 Nov, 1:29 pm

Dr Lal PathLabs Q2 FY27: consolidated PAT +27% YoY, margins expand, beats growth guidance

Dr. Lal PathLabs' consolidated revenue rose 19.6% YoY (9.5% QoQ) to ₹873.9 Cr in Q2 FY27, with consolidated PAT up 27.4% YoY (13.7% QoQ) to ₹193.9 Cr. There were no exceptional items in either this quarter or the year-ago quarter, so reported and underlying growth are identical — unlike FY26's full year, which carried a ₹30.1 Cr one-off Labour Codes charge. The print runs ahead of management's own guidance from the Q1 FY27 call, where revenue growth was informally upgraded to "trending mid-teens"; at 19.6% YoY, this quarter clears that bar comfortably and also accelerated from Q1's 19.1% YoY pace. Margins expanded on both lines: operating margin (EBITDA excluding other income, over revenue) came in at 32.1%, up ~140 bps YoY and ~100 bps QoQ, while net margin rose to 21.4%, up 120 bps YoY and 80 bps QoQ. That expansion is notable because management had flagged no formal EBITDA margin upgrade last quarter, saying it would reinvest topline upside into expansion rather than bank it as margin — operating leverage from the higher revenue base evidently outpaced that reinvestment spend. Standalone PAT grew a slower 23.1% YoY to ₹179.7 Cr versus consolidated's 27.4%, a ~4-point gap pointing to a stronger contribution from subsidiaries this quarter (newly consolidated Shahbazkers Diagnostic Centre and the Ghana-based Sunshine Healthcare stake). Basic EPS was ₹11.51, on a post-bonus base of roughly 16.78 Cr shares following the December 2025 1:1 bonus issue. No specific Street consensus estimate for this quarter could be located in available previews or brokerage notes, so this print cannot be benchmarked against a published number; full-year FY27 consensus EPS stood at ₹37.00 (+15.6%) ahead of this result, for context only. Management's own framing wasn't available beyond the procedural board-outcome letter — no press release commentary was furnished with this filing. The quarter was accompanied by continued inorganic activity: the Board approved up to ₹49.5 Cr of further investment in Dubai subsidiary LPL Dubai (which itself holds the Ghana stake); the company completed a 70% acquisition of SN Genelab for up to ₹168 Cr plus a ₹31.5 Cr earn-out (effective October 1); and a subsidiary spent ₹30.3 Cr to buy out the remaining 30% of Centrapath Labs, making it wholly owned. The Board also declared a second interim dividend of ₹5/share (record date November 11), taking FY27 interim payouts to ₹10/share so far. Separately, the Income Tax Department has filed an ITAT appeal against the company; no financial impact was quantified in the filing. Going into H2 FY27, management's FY27 capex guidance of ₹140–150 Cr (raised from ₹100–120 Cr) and plans for 12–15 new labs and 3–4 radiology centers remain the stated roadmap, alongside its promise to reassess revenue/margin guidance from Q2 onward — a formal update, given this quarter's outperformance, is a logical next checkpoint. SN Gene and the Ghana business will also start contributing to consolidated numbers from Q3 FY27.

4 Nov 2026, 01:29 pm

Corporate Events

DividendLALPATHLAB
2026
11Nov

₹5 / share

BSE Filing ↗
Board MeetingLALPATHLAB
2026
4Nov

Board Meeting

The Board of Directors meeting is scheduled to consider and …

BSE Filing ↗
Board MeetingLALPATHLAB
2026
24Sep

Board Meeting

The Board of Directors considered and approved the acquisiti…

BSE Filing ↗
DividendLALPATHLAB
2026
30Jul

₹5 / share

BSE Filing ↗
Board MeetingLALPATHLAB
2026
24Jul

Board Meeting

The meeting of the Board of Directors is scheduled to be hel…

BSE Filing ↗
Board MeetingLALPATHLAB
2026
30Apr

Board Meeting

To consider and approve the Audited (Standalone & Consolidat…

BSE Filing ↗
Board MeetingLALPATHLAB
2026
30Jan

Board Meeting

Update on board meeting, Consider and approve the Un-audited…

BSE Filing ↗
BonusLALPATHLAB
2025
19Dec

1:1

BSE Filing ↗
Board MeetingLALPATHLAB
2024
23Oct

Board Meeting

Approval Of The Un-Audited (Standalone & Consolidated) Finan…

BSE Filing ↗
DividendLALPATHLAB
2024
20Aug

₹6 / share

BSE Filing ↗
DividendLALPATHLAB
2024
10Jun

₹6 / share

BSE Filing ↗
Board MeetingLALPATHLAB
2024
10May

Board Meeting

Consider and approve Audited (Standalone & Consolidated) Fin…

BSE Filing ↗
DividendLALPATHLAB
2024
13Feb

₹12 / share

BSE Filing ↗
Board MeetingLALPATHLAB
2024
1Feb

Board Meeting

Consideration and approval of Un-audited Financial Results f…

BSE Filing ↗
Board MeetingLALPATHLAB
2023
2Nov

Board Meeting

consider and approve unaudited financial results for the Qua…

BSE Filing ↗