Vijaya Diagnostic Q2 Results: Net profit jumps 37% on higher test volumes, margin expansion

What happened

Vijaya Diagnostic Centre Ltd reported a 37.4% year-on-year rise in net profit to ₹59.5 crore for the second quarter, compared with ₹43.3 crore a year earlier. Revenue rose 26.7% to ₹255.4 crore, while EBITDA margin expanded to 44.1% from 40.6%.

Confirmed

Global impact / market context

Higher test volumes and wider profit per sale, which means margin, let the company turn more revenue into profit. This matters because growth came from existing centres and newer ones ramping up, suggesting the expansion model can add revenue without proportionally higher costs.

Analyst inference

The results reflect a diagnostic services business expanding through hub-and-spoke centres, where a main hub supports smaller collection sites. Continued commissioning of hubs and spokes signals management expects demand to keep growing in core and newer markets.

Analyst inference

What to watch

1. Vijaya commissioned 2 hubs and 7 spokes so far in FY27, and management expects another 3 hubs and 7 spokes in the second half of FY27. Confirmed
2. The company plans 3 additional hubs in the first quarter of FY28, which could increase capacity and costs before those centres mature. Proposed
3. Watch whether newer centres keep ramping up and whether Pune and West Bengal momentum sustains volume growth and the improved margin. Analyst inference

Evidence

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