Thyrocare shares rally over 7% as Q1 net profit rises 62% YoY Rs 38.06 crore, revenue up 23% YoY
Thyrocare's consolidated revenue jumped 23% year-on-year (YoY) to ₹193.03 crore in Q1FY26, up from ₹156.91 crore in the same quarter last year. The strong topline growth was mainly led by its pathology business, which grew 25% YoY, while the radiology segment saw a moderate 6% uptick.
Within pathology, both business models performed well—franchise revenue rose 20% YoY, and the partnership model reported a sharp 36% YoY growth. The company also processed 46.9 million diagnostic tests during the quarter, reflecting a 15% increase over Q1FY25.
On the profitability front, Thyrocare reported normalized EBITDA (excluding ESOP costs) of ₹63.35 crore, up 42% YoY. Including all costs, EBITDA came in at ₹57.46 crore—marking a 37% increase. Net profit (PAT), including exceptional items, jumped 62% YoY to ₹38.06 crore.
In terms of expansion, Thyrocare added new labs in Bhagalpur, Kashmir, and Roorkee, bolstering its presence in Tier-2 and Tier-3 cities—an area of increasing focus for the company as it looks to scale its reach beyond metro markets.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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