Indegene Q2 FY27 Results: Consolidated Net Profit ₹112 Crore on Total Income of ₹1,137 Crore
Earnings
Healthcare marketing and technology services
Blacklitt Research3 min read
Indegene (NSE: INDGN) reported consolidated total income of ₹1,137.30 crore and net profit of ₹112.30 crore for the quarter ended 30 Sep 2026, it said in a filing on 29 Oct 2026. On a standalone basis, total income was ₹391.50 crore and net profit ₹58.20 crore.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹1,137.30 crore, up 38.0% YoY and 4.1% QoQ
Net profit: ₹112.30 crore, up 10.0% YoY and down 3.4% QoQ
EPS: Basic ₹4.67, up from ₹4.26 a year earlier; not annualised
Depreciation: ₹46.40 crore, up 98.3% YoY
Standalone
The company on its own, without its subsidiaries
Total income: ₹391.50 crore, up 20.8% YoY and 4.5% QoQ
Net profit: ₹58.20 crore, down 2.8% YoY and 2.8% QoQ
EPS: Basic ₹2.42, down from ₹2.50 a year earlier; not annualised
Other income: ₹23.00 crore, up 31.4% YoY
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
1,137.30
823.90
+38.0%
1,092.10
+4.1%
Revenue from operations
1,122.30
804.20
+39.6%
1,063.10
+5.6%
Other income
15.00
19.70
-23.9%
29.00
-48.3%
112.30
102.10
+10.0%
116.20
-3.4%
Finance costs
6.90
3.80
+81.6%
6.40
+7.8%
Depreciation
46.40
23.40
+98.3%
44.10
+5.2%
Tax expense
35.10
31.00
+13.2%
36.50
-3.8%
Net profit margin
9.87%
12.39%
-2.52 pp
10.64%
-0.77 pp
Tax as share of profit before tax
23.8%
23.3%
+0.52 pp
23.9%
-0.09 pp
EPS, basic (₹)
4.67
4.26
+9.6%
4.84
-3.5%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Other income fell 23.9% to ₹15.00 crore and is 1.3% of total income this quarter.
Net profit rose 10.0% to ₹112.30 crore, slower than total income. Depreciation rose 98.3% to ₹46.40 crore and finance costs rose 81.6% to ₹6.90 crore. Tax was 23.8% of profit before tax of ₹147.40 crore, against 23.3% a year earlier.
Against the previous quarter, net profit fell 3.4% while total income rose 4.1%. Basic EPS was ₹4.67, against ₹4.84 in the June 2026 quarter and ₹4.26 a year earlier.
The notes say the group obtained control of the Cake Group on 30 Jan 2026 for a consideration of ₹87.3 crore, including an earnout of ₹38.3 crore based on performance to 31 Mar 2028. The notes put the maximum settlement fund at approximately ₹41.7 crore (USD 4.72 million), but say the actual outflow depends on valid claims and court approval, and that no change in the provision is estimated as at 30 Sep 2026. Claimants have until 09 Dec 2026 to submit claims or opt out.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
391.50
324.20
+20.8%
374.60
+4.5%
Revenue from operations
368.50
306.70
+20.1%
340.70
+8.2%
Other income
23.00
17.50
+31.4%
33.90
-32.2%
58.20
59.90
-2.8%
59.90
-2.8%
Finance costs
3.40
2.00
+70.0%
2.70
+25.9%
Depreciation
13.10
8.60
+52.3%
11.40
+14.9%
Tax expense
20.10
17.60
+14.2%
20.10
0.0%
Net profit margin
14.87%
18.48%
-3.61 pp
15.99%
-1.12 pp
Tax as share of profit before tax
25.7%
22.7%
+2.96 pp
25.1%
+0.55 pp
EPS, basic (₹)
2.42
2.50
-3.2%
2.49
-2.8%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone total income rose 20.8% to ₹391.50 crore, but net profit fell 2.8% to ₹58.20 crore. Other income rose 31.4% to ₹23.00 crore, which is 5.9% of total income and 29.4% of profit before tax of ₹78.30 crore.
Profit before tax rose 1.0% to ₹78.30 crore while net profit fell 2.8%. Tax was 25.7% of profit before tax, against 22.7% a year earlier.
Revenue from operations rose 8.2% QoQ to ₹368.50 crore, yet net profit fell 2.8% from ₹59.90 crore in the June 2026 quarter. Standalone basic EPS was ₹2.42 against ₹2.49 in that quarter.
Inference
The filing says the final dividend of ₹2.25 per equity share for the year ended 31 Mar 2026 was approved at the 28th AGM on 13 Aug 2026 and paid on 21 Aug 2026, a cash outflow of ₹54.2 crore. The Board also allotted 50,009 shares under the RSU Scheme 2020 and 2,185 shares under ESOP 2020 plans, and the trading window reopens on 02 Nov 2026.
Director Mark Dzialga resigned effective close of business on 29 Oct 2026, saying the resignation follows the sale of the entire shareholding of Brighton Park Capital and its affiliates. Company Secretary Srishti Ramesh Kaushik resigns effective close of business on 02 Dec 2026, and the filing says she has confirmed there are no other material reasons. Not stated: who will replace Kaushik as Company Secretary and Compliance Officer, who will fill the Non-Executive Director seat vacated by Dzialga, and the net amount of the expected settlement outflow.
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