Other income turns operating loss into Rs 1.99 net profit
The consolidated quarter had a -1.87% operating margin, while the company cited growth volatility around its ended Flipkart partnership.
Filed 07 Aug 2026, 17:35 IST · after market close · HEALTHX (HEALTHX)
Key takeaways
- Consolidated operating profit was a loss of Rs 8.37, leaving operating margin at -1.87%.
- Other income of Rs 12.83 was larger than the Rs 8.37 operating loss, supporting net profit of Rs 1.99.
- Consolidated EPS was Rs 0.80 despite the negative operating margin.
Operating loss was offset by other income
Revenue of Rs 446.85 was below expenses of Rs 455.22, producing an operating loss of Rs 8.37. Other income of Rs 12.83 more than offset that loss before interest and depreciation, resulting in profit before tax of Rs 1.97. The reported tax line was negative at Rs -0.01, so net profit was slightly above pre-tax profit.
Profit quality rests on non-operating income
The -1.87% operating margin shows that the core business was loss-making in the quarter. Net profit therefore depended on other income rather than operating earnings. Interest was Rs 0.59 and depreciation was Rs 1.89, while the tax rate was -0.6%.
Flipkart transition remains part of the business context
The company said in its presentation that growth was volatile during its partnership with Flipkart. It also said Flipkart's decision to streamline healthcare operations ended the partnership and led to the cessation of Flipkart Health+ as an associate company in FY25.
Results were filed after market close
The company filed these consolidated results after market close. The stock's immediate response had therefore not formed at the time of this note.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹447 cr |
| Other income | ₹13 cr |
| Expenses | ₹455 cr |
| Operating profit | ₹-8 cr |
| Operating margin (%) | -1.87% |
| Interest | ₹1 cr |
| Depreciation | ₹2 cr |
| Profit before tax | ₹2 cr |
| Tax | ₹-0 cr |
| Net profit | ₹2 cr |
| EPS (₹) | ₹0.80 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
Problems & risks
- The company experienced growth volatility during its partnership with Flipkart.
- Flipkart's decision to streamline healthcare operations ended the partnership and led to the cessation of Flipkart Health+ as an associate company in FY25.
What to watch
- Whether operating margin improves from -1.87%.
- Whether other income of Rs 12.83 continues to offset the operating loss of Rs 8.37.
- Whether EPS moves above Rs 0.80 without relying on other income.