Jeena Sikho Lifecare Limited (JSLL) Earnings Call Transcript & Summary

November 7, 2025

BSE IN Health Care Health Care Providers and Services earnings 67 min

Earnings Call Speaker Segments

Operator

operator
#1

Ladies and gentlemen, good day, and welcome to the Jeena Sikho Lifecare Limited Q2 FY '26 Earnings Conference Call. [Operator Instructions] Please note that this conference is being recorded. I now hand the conference over to Mr. Ranvir Singh from Nuvama Wealth. Thank you, and over to you, sir.

Ranvir Singh

analyst
#2

On behalf of Jeena Sikho Lifecare Limited, I extend a very warm welcome to all participants on the Q2 FY '26 financial results discussion call. Today on the call, we have Mr. Manish Grover ji, popularly known as Acharya ji, Managing Director; and Mr. Nanak Chand, CFO. Before beginning with this call, I would like to give a short disclaimer. This call may contain some of the forward-looking statements, which are completely based upon management's belief, opinion and expectations as of today. These statements are not a guarantee of company's future performance and involve unforeseen risks and uncertainties. With this, I would like to hand over the call to Acharya Manish ji for his opening remarks. Over to you, sir.

Manish Grover

executive
#3

[Foreign Language]

Nanak Chand

executive
#4

Good afternoon, everyone. Thanks, Manish sir. As mentioned by Manish sir, we have achieved a healthy financial performance during the Q2 FY '26. Here are the key highlights. Q2 FY '26 results. So I am pleased to present before you the detailed financial performance of Jeena Sikho Lifecare Limited for quarter ended September 30, 2025, Q2 FY '26. Before we move to the details, I would like to highlight that it was the second quarter of reporting under Ind AS following our migration to main Board in August 2025. And our financial statements and disclosures are now fully aligned with the main Board standard and showing high transparency and compatibility. The company continues to maintain the strong balance sheet supported by the robust operating cash flows and prudent financial management. Now on the Q2 FY '26 performance. Revenue, our revenue grew by 66% on a Y-o-Y basis to INR 190 crores in Q2 FY '26 as product segment grew approximately 78% Y-o-Y. Service segment contributed 50% revenue during the quarter. The EBITDA during the Q2 FY '26 [ jumped over the ] 129% Y-o-Y basis to INR 92 crores by implying the EBITDA margins of 48%. The Q2 FY '26 PAT grew 121% Y-o-Y basis to INR 58.78 crores. With this, we open the floor for the question-and-answer session. Thank you.

Operator

operator
#5

[Operator Instructions] The first question is from the line of Akshay from AK Investment.

Manish Grover

executive
#6

[Foreign Language]

Akshay Kaila

analyst
#7

[Foreign Language]

Manish Grover

executive
#8

[Foreign Language]

Akshay Kaila

analyst
#9

[Foreign Language]

Manish Grover

executive
#10

[Foreign Language]

Akshay Kaila

analyst
#11

[Foreign Language]

Manish Grover

executive
#12

[Foreign Language]

Operator

operator
#13

The next question is from the line of Abhishek from AB Capital.

Unknown Analyst

analyst
#14

Am I audible?

Manish Grover

executive
#15

[Foreign Language]

Unknown Analyst

analyst
#16

[Foreign Language]

Manish Grover

executive
#17

[Foreign Language]

Unknown Analyst

analyst
#18

[Foreign Language]

Manish Grover

executive
#19

[Foreign Language]

Operator

operator
#20

The next question is from the line of Ashok Parekh, an individual investor.

Manish Grover

executive
#21

[Foreign Language]

Unknown Attendee

attendee
#22

[Foreign Language]

Manish Grover

executive
#23

[Foreign Language]

Unknown Attendee

attendee
#24

[Foreign Language]

Manish Grover

executive
#25

[Foreign Language]

Unknown Attendee

attendee
#26

[Foreign Language]

Manish Grover

executive
#27

[Foreign Language]

Unknown Attendee

attendee
#28

[Foreign Language]

Manish Grover

executive
#29

[Foreign Language]

Operator

operator
#30

[Operator Instructions] The next question is from the line of Praveen Kumar, an individual investor.

Unknown Attendee

attendee
#31

Sir, can you hear me?

Manish Grover

executive
#32

[Foreign Language]

Unknown Attendee

attendee
#33

[Foreign Language] Manish ji, I was looking -- eagerly waiting to get in the call with you. Right. So many congratulations on your Q2 numbers. And I have a couple of questions, Manish ji. How is the early trend of your OTC business? First question. And my second question is, is there any revenue sharing planned with Chandan Healthcare? What's the strategy of planning there? And my last question is that do you want to update your FY '26 guidance from previously quoted INR 700 crores?

Manish Grover

executive
#34

[Foreign Language]

Unknown Attendee

attendee
#35

Okay. Sir, I'm not that comfortable with Hindi, but I can understand. But I'm not -- I can't speak...

Manish Grover

executive
#36

[Foreign Language]

Nanak Chand

executive
#37

And there was one more question on the guidance of '26. Would you like to update that?

Manish Grover

executive
#38

[Foreign Language]

Operator

operator
#39

The next question is from the line of Gaurav Sanghvi, an individual investor.

Unknown Attendee

attendee
#40

Am I audible?

Manish Grover

executive
#41

Yes. [Foreign Language]

Unknown Attendee

attendee
#42

[Foreign Language]

Manish Grover

executive
#43

[Foreign Language]

Unknown Attendee

attendee
#44

[Foreign Language]

Manish Grover

executive
#45

[Foreign Language]

Operator

operator
#46

The next question is from the line of Sainik Mehta from [indiscernible] Wealth.

Unknown Analyst

analyst
#47

[Foreign Language]

Manish Grover

executive
#48

[Foreign Language]

Operator

operator
#49

The next question is from the line of Deepak Poddar from Sapphire Capital.

Deepak Poddar

analyst
#50

Am I audible, sir?

Manish Grover

executive
#51

Yes, sir. [Foreign Language]

Deepak Poddar

analyst
#52

[Foreign Language]

Manish Grover

executive
#53

[Foreign Language]

Deepak Poddar

analyst
#54

[Foreign Language]

Manish Grover

executive
#55

[Foreign Language]

Deepak Poddar

analyst
#56

[Foreign Language]

Manish Grover

executive
#57

[Foreign Language]

Deepak Poddar

analyst
#58

Okay. Okay. And just last final thing, [Foreign Language]

Manish Grover

executive
#59

[Foreign Language]

Operator

operator
#60

The next question is from the line of [ Pratik Tandale ] from Code Advisors LLP.

Unknown Analyst

analyst
#61

Hello, am I audible?

Manish Grover

executive
#62

Yes, sir.

Unknown Analyst

analyst
#63

[Foreign Language] Q1, we had 55. They stand at, right now?

Manish Grover

executive
#64

Now, we have 58.

Unknown Analyst

analyst
#65

58. In terms of clinic, we had 61 as of Q1.

Manish Grover

executive
#66

Now we have 59.

Unknown Analyst

analyst
#67

Right. And the number of beds?

Manish Grover

executive
#68

And 35 franchisees.

Unknown Analyst

analyst
#69

35 franchisees. Okay. We have bed...

Manish Grover

executive
#70

46, we have NABH centers now.

Unknown Analyst

analyst
#71

45 NABH. Okay.

Manish Grover

executive
#72

46 NABH. And 5 are in pipeline.

Unknown Analyst

analyst
#73

46, 5 in pipeline. In terms of IPD and OPD, if you could give the updated numbers for Q2.

Manish Grover

executive
#74

Sir, IPD 58 hospital [Foreign Language]

Unknown Analyst

analyst
#75

No, sir. I'm talking in terms of -- So Q1, we were at 861 -- 8,616, and OPD was 1.24 lakh. So...

Manish Grover

executive
#76

[Foreign Language]

Unknown Analyst

analyst
#77

[Foreign Language]

Manish Grover

executive
#78

8,616 first quarter, and 9,614 in second quarter. And total OPD volume is 1,24,364 in quarter 1. Now is 1,40,144 in quarter 2.

Unknown Analyst

analyst
#79

Okay. Perfect. And net profit margin guidance is 20% to 22%, right?

Manish Grover

executive
#80

Yes, yes. Our average revenue per bed on quarter 1 is INR 8,287 and in quarter 2 is INR 8,324. Our occupancy is about same 57%.

Unknown Analyst

analyst
#81

57%. Similar as Q1, right?

Manish Grover

executive
#82

Similar as Q1. If we calculate from last financial year '25 bed, it is more than 80%. Because 1,600 bed total in [ 50 ] '25. [Foreign Language]

Unknown Analyst

analyst
#83

Number of beds as of Q1 was 2,179. Am I correct?

Manish Grover

executive
#84

Yes, yes. As of now is 2,220.

Unknown Analyst

analyst
#85

2,220. These are open 2,800. This is your remaining in 2 to 3 months [Foreign Language]

Manish Grover

executive
#86

[Foreign Language]

Unknown Analyst

analyst
#87

Right. So the operational one as of this quarter is 22...

Manish Grover

executive
#88

2,220.

Operator

operator
#89

The next question is from the line of Ronak Duggar, an individual investor.

Unknown Attendee

attendee
#90

[Foreign Language]

Manish Grover

executive
#91

[Foreign Language]

Unknown Attendee

attendee
#92

[Foreign Language]

Manish Grover

executive
#93

[Foreign Language]

Unknown Attendee

attendee
#94

[Foreign Language]

Manish Grover

executive
#95

[Foreign Language]

Operator

operator
#96

Sorry to interrupt, Mr. Ronak. May we request you to please rejoin the queue. We have participants waiting for their turn. The next question is from the line of Amit Joshi, an individual investor.

Unknown Attendee

attendee
#97

[Foreign Language]

Manish Grover

executive
#98

[Foreign Language]

Unknown Attendee

attendee
#99

[Foreign Language] 985548... [Foreign Language]

Manish Grover

executive
#100

9855487770.

Unknown Analyst

analyst
#101

[Foreign Language]

Manish Grover

executive
#102

[Foreign Language]

Operator

operator
#103

The next question is from the line of Kamal Sharma from Srishti Wealth.

Unknown Attendee

attendee
#104

[Foreign Language]

Manish Grover

executive
#105

[Foreign Language]

Unknown Attendee

attendee
#106

[Foreign Language]

Manish Grover

executive
#107

[Foreign Language] Nanak ji?

Nanak Chand

executive
#108

[Foreign Language]

Manish Grover

executive
#109

[Foreign Language]

Operator

operator
#110

The next question is from the line of Devi Agrawal from [ Fimcom ] Family Office.

Unknown Attendee

attendee
#111

[Foreign Language]

Manish Grover

executive
#112

Nanak ji?

Nanak Chand

executive
#113

First of all [Foreign Language]

Manish Grover

executive
#114

[Foreign Language]

Unknown Attendee

attendee
#115

[Foreign Language]

Manish Grover

executive
#116

[Foreign Language]

Unknown Attendee

attendee
#117

[Foreign Language] financial statement restate [Foreign Language]

Manish Grover

executive
#118

[Foreign Language] Nanak ji?

Nanak Chand

executive
#119

Yes, sir. Yes, yes. [Foreign Language] we'll share with you.

Operator

operator
#120

The next question is from the line of Sanjay Nandi from VT Capital.

Unknown Attendee

attendee
#121

[Foreign Language]

Manish Grover

executive
#122

[Foreign Language]

Operator

operator
#123

The next question is from the line of Akhilesh Rawat from [ Vedant ] Vision Private Limited.

Unknown Attendee

attendee
#124

[Foreign Language] Am I audible?

Manish Grover

executive
#125

[Foreign Language]

Unknown Attendee

attendee
#126

[Foreign Language]

Manish Grover

executive
#127

[Foreign Language]

Unknown Attendee

attendee
#128

[Foreign Language]

Manish Grover

executive
#129

[Foreign Language]

Unknown Attendee

attendee
#130

[Foreign Language] we will go to our other part of the...

Manish Grover

executive
#131

[Foreign Language]

Operator

operator
#132

The next question is from the line of Chirag Shah from White Pine Investment Management.

Chirag Shah

analyst
#133

[Foreign Language]

Manish Grover

executive
#134

[Foreign Language]

Chirag Shah

analyst
#135

[Foreign Language]

Manish Grover

executive
#136

[Foreign Language]

Chirag Shah

analyst
#137

[Foreign Language]

Manish Grover

executive
#138

[Foreign Language]

Chirag Shah

analyst
#139

[Technical Difficulty]

Manish Grover

executive
#140

[Foreign Language]

Operator

operator
#141

The next question is from the line of [indiscernible] Power.

Unknown Attendee

attendee
#142

[Foreign Language] increase our sale through e-commerce...

Manish Grover

executive
#143

[Foreign Language]

Unknown Attendee

attendee
#144

[Foreign Language] regarding quick commerce like Blinkit...

Manish Grover

executive
#145

[Foreign Language] Zepto, Blinkit [Foreign Language]

Unknown Attendee

attendee
#146

[Foreign Language] regarding healthcare Ease or South [Foreign Language]

Operator

operator
#147

The next question is from the line of Akshay from AK Investment.

Akshay Kaila

analyst
#148

[Foreign Language]

Manish Grover

executive
#149

[Foreign Language]

Operator

operator
#150

Ladies and gentlemen, that was the last question for today. I would now like to hand the conference over to the management for closing comments.

Manish Grover

executive
#151

[Foreign Language]

Operator

operator
#152

No, sir. It is like handed over to you for closing comments.

Manish Grover

executive
#153

Okay. Okay. [Foreign Language]

Operator

operator
#154

Thank you. On behalf of Nuvama Wealth and Investment Limited, that concludes this conference. Thank you for joining us, and you may now disconnect your lines.

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