Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Artemis Medicare Services Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 187 | 201 | 217 | 210 | 217 | 217 | 235 | 227 | 235 | 250 | 270 | 267 | 274 |
| Expenses + | 163 | 174 | 184 | 179 | 181 | 181 | 193 | 190 | 199 | 209 | 220 | 223 | 224 |
| Operating Profit | 25 | 27 | 33 | 32 | 36 | 36 | 42 | 37 | 36 | 41 | 50 | 44 | 50 |
| OPM % | 13% | 14% | 15% | 15% | 17% | 16% | 18% | 16% | 15% | 16% | 19% | 16% | 18% |
| Other Income + | 2 | 1 | 2 | 2 | 2 | 4 | 8 | 9 | 12 | 7 | 8 | 4 | 8 |
| Interest | 5 | 6 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 7 | 7 | 7 | 6 |
| Depreciation | 8 | 9 | 9 | 10 | 10 | 10 | 11 | 11 | 11 | 11 | 11 | 12 | 12 |
| Profit before tax | 14 | 13 | 19 | 16 | 19 | 22 | 31 | 27 | 29 | 30 | 40 | 30 | 39 |
| Tax % | 23% | 26% | 27% | 29% | 28% | 24% | 27% | 23% | 20% | 29% | 25% | 24% | 25% |
| Net Profit + | 10 | 10 | 14 | 12 | 14 | 17 | 23 | 21 | 23 | 21 | 30 | 23 | 30 |
| EPS in Rs | 0.78 | 0.73 | 1.01 | 0.85 | 1.02 | 1.24 | 1.64 | 1.51 | 1.69 | 1.54 | 2.16 | 1.42 | 1.87 |
Financials of Artemis Medicare Services Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 368 | 402 | 459 | 503 | 547 | 563 | 402 | 545 | 714 | 845 | 913 | 1,060 |
| Expenses + | 325 | 359 | 406 | 442 | 480 | 501 | 367 | 477 | 620 | 717 | 763 | 875 |
| Operating Profit | 43 | 43 | 53 | 60 | 66 | 62 | 35 | 68 | 94 | 128 | 150 | 185 |
| OPM % | 12% | 11% | 11% | 12% | 12% | 11% | 9% | 12% | 13% | 15% | 16% | 17% |
| Other Income + | 3 | 5 | 4 | 3 | 2 | 4 | 7 | 3 | 7 | 7 | 33 | 27 |
| Interest | 12 | 9 | 9 | 9 | 11 | 13 | 12 | 11 | 19 | 30 | 30 | 27 |
| Depreciation | 12 | 12 | 15 | 18 | 20 | 22 | 21 | 21 | 29 | 38 | 43 | 46 |
| Profit before tax | 21 | 27 | 32 | 35 | 37 | 32 | 9 | 39 | 53 | 68 | 109 | 139 |
| Tax % | 12% | 21% | 16% | 24% | 44% | 36% | 20% | 16% | 25% | 28% | 24% | 25% |
| Net Profit + | 19 | 22 | 27 | 27 | 21 | 20 | 7 | 33 | 40 | 49 | 83 | 103 |
| EPS in Rs | 0.88 | 1.03 | 1.29 | 1.27 | 0.98 | 1.54 | 0.54 | 2.46 | 2.96 | 3.62 | 6.07 | 6.53 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 15% | 12% | 7% | 7% |
Financials of Artemis Medicare Services Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 21 | 21 | 21 | 21 | 0.00 | 13 | 13 | 13 | 13 | 14 | 14 | 16 |
| Reserves | 135 | 163 | 183 | 210 | 280 | 301 | 308 | 348 | 393 | 438 | 828 | 923 |
| Borrowings + | 85 | 68 | 94 | 91 | 114 | 108 | 137 | 190 | 268 | 305 | 280 | 260 |
| Other Liabilities + | 90 | 93 | 124 | 130 | 160 | 159 | 130 | 145 | 207 | 191 | 221 | 225 |
| Total Liabilities | 331 | 345 | 422 | 452 | 555 | 581 | 589 | 697 | 882 | 948 | 1,343 | 1,424 |
| Fixed Assets + | 239 | 249 | 283 | 309 | 381 | 387 | 372 | 476 | 584 | 699 | 729 | 791 |
| CWIP | 0 | 1 | 27 | 43 | 49 | 56 | 81 | 64 | 95 | 33 | 40 | 32 |
| Investments | 0 | 0 | 0 | 0 | 0 | 2 | 4 | 6 | 12 | 15 | 15 | 15 |
| Other Assets + | 91 | 94 | 112 | 100 | 124 | 137 | 132 | 152 | 192 | 200 | 559 | 585 |
| Total Assets | 331 | 345 | 422 | 452 | 555 | 581 | 589 | 697 | 882 | 948 | 1,343 | 1,424 |
Financials of Artemis Medicare Services Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 53 | 20 | 58 | 72 | 41 | 56 | 27 | 61 | 129 | 108 | 139 | 129 |
| Cash from Investing Activity + | -10 | -14 | -74 | -67 | -50 | -22 | -34 | -106 | -153 | -90 | -388 | -96 |
| Cash from Financing Activity + | -35 | -24 | 19 | -10 | 14 | -33 | 13 | 44 | 30 | -26 | 277 | -41 |
| Net Cash Flow | 7 | -18 | 3 | -4 | 5 | 2 | 6 | -2 | 7 | -8 | 28 | -8 |
| Free Cash Flow | 37 | 4 | -17 | 11 | -17 | 37 | 2 | -45 | -5 | 36 | 46 | 25 |
| CFO/OP | 127% | 48% | 112% | 121% | 76% | 97% | 83% | 114% | 140% | 95% | 102% | 81% |
Financials of Artemis Medicare Services Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 39 | 49 | 48 | 40 | 52 | 50 | 48 | 47 | 43 | 36 | 37 | 38 |
| Inventory Days | 26 | 21 | 19 | |||||||||
| Days Payable | 195 | 189 | 187 | |||||||||
| Cash Conversion Cycle | -129 | -120 | -120 | 40 | 52 | 50 | 48 | 47 | 43 | 36 | 37 | 38 |
| Working Capital Days | -59 | -31 | -44 | -53 | -51 | -36 | -35 | -25 | -45 | -29 | -29 | -19 |
| ROCE % | 14% | 15% | 16% | 15% | 14% | 11% | 4% | 10% | 11% | 14% | 15% | 15% |