FM

Fischer Medical Ventures Ltd

Q2 FY26Healthcare Equipment & Supplies

Fischer Medical Ventures Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹38
Market cap₹2.6K Cr
P/E104.7
Updated23 Aug 2026
Read4 min read

What the Q2 FY26 call signalled

2 of 4 strong

RevenueModerate growth
MarginMargins steady
CapexCapex planned
Order bookOrder book rising

The short version

Fischer Medical Ventures targets a 15%-20% market share in the domestic and Asian MRI markets within 2-3 years, supported by a strong order book and favorable government policies. Fischer Medical Ventures expects to sustain growth aligned with the MedTech industry's macro growth rate of 15-20% CAGR, driven by government policies favoring Make-In-India and Atmanirbhar Bharat initiatives.

From Fischer Medical Ventures Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Moderate growth
  • Fischer Medical Ventures targets a 15%-20% market share in the domestic and Asian MRI markets within 2-3 years, supported by a strong order book and favorable government policies.
  • The total addressable market (TAM) for MRI devices in India is around 500 units per year, expected to grow over 1000 units annually in 3-4 years, driven by government health missions.
  • Growth is expected to be broad-based across Radiology (MRI and CT) and Preventive Healthcare segments, with revenue contribution expected to be almost equally split between these two in 2-3 years.
  • Company aims to leverage Make-In-India and Atmanirbhar Bharat initiatives along with import substitution to drive growth aligned with sector CAGR of 15%-20%.

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Profitability & Margins

See what Fischer Medical Ventures Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • Current manufacturing capacity: About 80 MRI machines per year in one shift; can be increased to 150-160 with two shifts.
  • Facility expansion plans underway: Expansion of manufacturing facility to include other imaging lines such as CT scanners.
  • Preventive healthcare capacity expansion: Focus on people (AI, software development) and server infrastructure rather than hardware manufacturing.
  • Supply chain and regulatory focus: Continued efforts on obtaining international regulatory approvals for exports; current emphasis remains on domestic market.

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Top-ranked in Healthcare Equipment & Supplies

Ranked on what management guided this quarter

Guidance-ranked
1Molbio Diagnosti
Rev 2Mar 3
2Laxmi Dental
Rev 3Mar 3
3
Rev 3Mar 3
4
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Fischer Medical Ventures Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Order book rising
  • Fischer Medical Ventures has a strong order book currently.
  • Orders are being fulfilled as and when they arise, especially in the MRI segment.
  • The sales cycle for MRI machines ranges from 6 to 9 months, sometimes up to 12 months.
  • The company expects good order inflow for the rest of H2 FY '26 and into the next year.

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Fischer Medical Ventures Ltd — Quarterly revenue & net profit

Revenue Net profit
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025

Reported quarterly figures (₹ Cr). Latest: revenue ₹101 Cr, net profit ₹19 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Fischer Medical Ventures Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Fischer Medical Ventures Ltd Q2 FY26 results?

Fischer Medical Ventures targets a 15%-20% market share in the domestic and Asian MRI markets within 2-3 years, supported by a strong order book and favorable government policies. Fischer Medical Ventures expects to sustain growth aligned with the MedTech industry's macro growth rate of 15-20% CAGR, driven by government policies favoring Make-In-India and Atmanirbhar Bharat initiatives.

What is Fischer Medical Ventures Ltd share price analysis?

Fischer Medical Ventures Ltd currently shows a below-average growth signal. The stock trades at a P/E of 104.7 with a market cap of ₹2,564 Cr. Investors should review the full earnings analysis for detailed insights.

Is Fischer Medical Ventures Ltd planning capital expenditure?

Current manufacturing capacity: About 80 MRI machines per year in one shift; can be increased to 150-160 with two shifts.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.