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Artemis Medicare Services Ltd
| Quarterly Financial Results Q3 FY 2025-26
Summary : Artemis Medicare Services Ltd. approved Q3/9M FY25 results and a significant fundraise of Rs. 700 crores, indicating growth and expansion plans despite new labor code impacts.
Quarterly Report Analysis & Insights
Financial Disclosures
- Standalone Total Expenses (Q3 Dec 25): 24,196.49 Lacs
- Standalone Exceptional Items (Impact of Labour Code) (Q3 Dec 25): 307.44 Lacs
- Consolidated Total Expenses (Q3 Dec 25): 24,697.28 Lacs
- Consolidated Exceptional Items (Impact of Labour Code) (Q3 Dec 25): 307.44 Lacs
- Standalone Revenue from Operations (Q3 Dec 25): 26,712.34 Lacs
- Standalone Total Income (Q3 Dec 25): 27,461.14 Lacs
- Standalone Revenue from Operations (9M Dec 25): 78,670.51 Lacs
- Standalone Total Income (9M Dec 25): 80,893.42 Lacs
- Consolidated Revenue from Operations (Q3 Dec 25): 27,235.23 Lacs
- Consolidated Total Income (Q3 Dec 25): 27,981.24 Lacs
- Consolidated Revenue from Operations (9M Dec 25): 80,201.60 Lacs
- Consolidated Total Income (9M Dec 25): 82,405.84 Lacs
- Increased gratuity and leave liability due to new Labour Codes, presented as an exceptional item.
- Issued equity shares to Managing Director under ESOP.
- Both standalone and consolidated unaudited financial results are presented.
- Consolidated results include Artemis Medicare Services Limited (Holding Company) and Artemis Cardiac Care Private Limited (Subsidiary).
Corporate Overview
- Revenue from operations is segmented into India and Outside India.
- India (Q3 Dec 25 Standalone): 17,962.42 Lacs
- Outside India (Q3 Dec 25 Standalone): 8,749.92 Lacs
- India (Q3 Dec 25 Consolidated): 18,485.31 Lacs
- Outside India (Q3 Dec 25 Consolidated): 8,749.92 Lacs
- Impact of new Labour Codes leading to increased gratuity and leave liability.
- Primarily provides Healthcare services to patients.
- Formal and compliant with regulatory disclosure requirements.
- Patients receiving healthcare services.
- Only one reportable business segment: Healthcare Services.
- Approved raising funds up to Rs. 700 crores for various purposes.
Risk Factors
- Increased employee benefit liabilities.
- Uncertainty from new Labour Codes.
- Regulatory changes impact financial results.
- Monitoring future labor law developments.
Key Drivers
- Approved significant fundraise of ₹700 crores.
- Strong revenue and profit growth reported.
- Unmodified auditor's review report.
- Potential for future business expansion.
Auditor’s Report
- Unmodified review conclusion on both Standalone and Consolidated Unaudited Financial Results.
- No material misstatement identified in the financial statements.
- Review of subsidiary (Artemis Cardiac Care Private Limited) financial information was based on another auditor's report.
Board Commentary
- Increased gratuity and leave liability due to new Labour Codes.
- Impact of new Labour Codes (Code on Wages, Industrial Relations Code, Code on Social Security, Occupational Safety, Health and Working Conditions Code) leading to an exceptional increase in gratuity & leave liability by 307.44 Lacs.
- Approved raising funds up to Rs. 700 crores via equity shares, convertible debentures, or other securities.
Corporate Governance
- Audit Committee reviewed financial results.
- Board of Directors approved financial results.
Management Discussion & Analysis
Future Strategy
- Approved raising funds up to Rs. 700 crores through various instruments for future capital needs.
Operational Focus Areas
- Monitoring developments pertaining to new Labour Codes.
- Evaluating impact on employee benefits liability.
Performance Drivers
- Growth in revenue from operations year-over-year.
- Increase in net profit after tax year-over-year.
Risk Control Measures
- Continuously monitoring developments related to Labour Codes.
Critical Risks
- Increased gratuity and leave liability due to new Labour Codes.
- Potential future impact of Labour Codes on employee benefits.