HX

Health X Platform Ltd

Q4 FY26Healthcare Services

Health X Platform Q4 FY26: Capex ₹234 Cr

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹296
Market cap₹977 Cr
P/E508.6
Updated25 Aug 2026
Read4 min read

The short version

Health X Platform targets ₹6,000 crore revenue by FY30, with ₹4,000 crore from B2B Retailer Shakti and ₹2,000 crore from B2C Sasta Sundar (Page 3). FY27 and FY28 ROE expected to be low/negative due to initial investments and losses.

From Health X Platform Ltd's Q4 FY26 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

  • Health X Platform targets ₹6,000 crore revenue by FY30, with ₹4,000 crore from B2B Retailer Shakti and ₹2,000 crore from B2C Sasta Sundar (Page 3).
  • Retailer Shakti aims for around ₹1,700 crore revenue in FY27, with Q1 FY27 expected at ₹400 crore—the best in company history (Pages 12-13).
  • Warehousing expansions from 2.5 lakh to over 8 lakh square feet planned by FY27 to support growth (Page 13).
  • Northeast operations growing 50%+ year-on-year and Northern India 25–30%, with plans for 5–7% market share in 2-3 years (Page 10).
  • JITO private-label margins expected at 30–40% with initial market response better than expected (Page 11).

2 more points management made on revenue & sales performance

Profitability & Margins

See what Health X Platform Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Total planned capex for warehouse expansion is ₹234 crores (Page 11, 10).
  • Out of ₹234 crores, ₹134 crores planned through bank loans and ₹100 crores from treasury (Page 10).
  • Additional warehouse capacity of 1 lakh sq. ft. to go live by March FY27; current capacity 2.5 lakh sq. ft. and plans to build 4 lakh sq. ft. more (Page 13).
  • Further plan to build 5.52 lakh sq. ft. additional warehouse capacity in Udaipur, Lucknow, Patna, Guwahati, Baripur, totaling over 8 lakh sq. ft. warehouse capacity (Page 13).
  • Investment of ₹150 crores in AI and tech platforms; ₹75 crores already deployed with ₹75 crores more to be invested (Page 5).

2 more points management made on capital expenditure plans

Top-ranked in Healthcare Services

Ranked on what management guided this quarter

5x potential
Rev 1Mar 3
2Aster DM Quality
Rev 2Mar 1
3
Rev 2Mar 2
4
Rev 2Mar 2
5
Rev 2Mar 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 Health X Platform Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • The transcript does not explicitly mention the current or expected order book or pending orders for Health X Platform Limited.
  • Focus areas highlighted include:
  • Expansion of warehousing capacity (additional 1 lakh sq ft by March 2027, and plans to build 4 lakh more sq ft).
  • Growth targets with revenue expected to reach ₹6,000 crores by FY2030.
  • Ongoing initiatives like JITO, Retailer Shakti, and HealthBuddy being scaled.
  • Plans for AI applications and cautious deployment of capital in technology.

2 more points management made on order book & pipeline

Health X Platform Ltd — Quarterly revenue & net profit

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

Reported quarterly figures (₹ Cr). Latest: revenue ₹346 Cr, net profit ₹0 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were Health X Platform Ltd Q4 FY26 results?

Health X Platform targets ₹6,000 crore revenue by FY30, with ₹4,000 crore from B2B Retailer Shakti and ₹2,000 crore from B2C Sasta Sundar (Page 3). FY27 and FY28 ROE expected to be low/negative due to initial investments and losses.

What is Health X Platform Ltd share price analysis?

Health X Platform Ltd currently shows a neutral. The stock trades at a P/E of 508.6 with a market cap of ₹977 Cr. Investors should review the full earnings analysis for detailed insights.

Is Health X Platform Ltd planning capital expenditure?

Total planned capex for warehouse expansion is ₹234 crores (Page 11, 10). - Out of ₹234 crores, ₹134 crores planned through bank loans and ₹100 crores from treasury (Page 10). - Additional warehouse capacity of 1 lakh sq.

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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.