Dr. Lal PathLabs Limited — Quarter and year ended 31 March, 2026
Optional commentary: The document contains multiple annexures and auditor reports. The financial tables extracted below are the consolidated and standalone financial statements (income statement, assets & liabilities, and cash flow).
| Particulars | 3 months ended 31 March, 2026 (see note iv) (Unaudited) |
Preceding 3 months ended 31 December, 2025 (see note iv) (Unaudited) |
Corresponding 3 months ended in previous year 31 March, 2025 (see note iv & ix) (Unaudited) |
Year ended 31 March, 2026 (see note iv) (Audited) |
Previous year ended 31 March, 2025 (see note iv & ix) (Audited) |
|---|---|---|---|---|---|
| 1. Income | |||||
| (a) Revenue from operations | 7,027 | 6,598 | 6,026 | 27,629 | 24,514 |
| (b) Other income | 240 | 244 | 258 | 1,013 | 934 |
| Total Income | 7,267 | 6,842 | 6,284 | 28,642 | 25,548 |
| 2. Expenses | |||||
| (a) Cost of materials consumed | 1,352 | 1,287 | 1,178 | 5,346 | 4,815 |
| (b) Employee benefits expense | 1,288 | 1,265 | 1,064 | 5,033 | 4,558 |
| (c) Finance costs | 61 | 72 | 50 | 228 | 223 |
| (d) Depreciation and amortisation expense | 446 | 421 | 364 | 1,618 | 1,419 |
| (e) Fees to collection centers/channel partners | 1,006 | 973 | 778 | 4,024 | 3,419 |
| (f) Other expenses | 1,513 | 1,280 | 1,296 | 5,401 | 4,867 |
| Total expenses | 5,666 | 5,298 | 4,750 | 21,650 | 19,301 |
| 3. Profit before exceptional items and tax | 1,601 | 1,544 | 1,534 | 6,992 | 6,247 |
| 4. Exceptional items | – | 301 | – | 301 | – |
| Impact of Labour Codes (see note xi) | |||||
| 5. Profit before tax | 1,601 | 1,243 | 1,534 | 6,691 | 6,247 |
| 6. Tax expense | |||||
| (a) Current tax | 274 | 395 | 393 | 1,592 | 1,720 |
| (b) Deferred tax | 5 | (66) | (414) | 1 | (395) |
| Total tax expense | 279 | 329 | (21) | 1,593 | 1,325 |
| 7. Profit for the period/year (A) | 1,322 | 914 | 1,555 | 5,098 | 4,922 |
| 8. Other comprehensive income/(loss) | |||||
| Items that will not be reclassified to profit or loss | |||||
| – Remeasurement of the defined benefit obligations | 57 | 4 | (36) | 67 | (49) |
| – Income tax in relation to the items that will not be reclassified to profit or loss | (14) | (1) | 11 | (17) | 13 |
| Items that may be reclassified to profit or loss | – | – | (1) | 2 | – |
| – Exchange differences on translation of foreign operations | |||||
| Total other comprehensive income/(loss) (B) | 43 | 3 | (26) | 52 | (36) |
| 9. Total comprehensive income (A+B) | 1,365 | 917 | 1,529 | 5,150 | 4,886 |
| Profit for the period attributable to: | |||||
| – Owners of the Company | 1,313 | 905 | 1,548 | 5,048 | 4,871 |
| – Non-controlling interests | 9 | 9 | 7 | 50 | 51 |
| 1,322 | 914 | 1,555 | 5,098 | 4,922 | |
| Other comprehensive income/(loss) for the period attributable to: | |||||
| – Owners of the Company | 43 | 3 | (26) | 52 | (36) |
| – Non-controlling interests | – | – | – | – | – |
| 43 | 3 | (26) | 52 | (36) | |
| Total comprehensive income for the period attributable to: | |||||
| – Owners of the Company | 1,356 | 908 | 1,522 | 5,100 | 4,835 |
| – Non-controlling interests | 9 | 9 | 7 | 50 | 51 |
| 1,365 | 917 | 1,529 | 5,150 | 4,886 | |
| 10. Paid-up equity share capital (Face Value of INR 10 per share) | 1,676 | 1,676 | 836 | 1,676 | 836 |
| 11. Other equity | 23,406 | 20,891 | |||
| 12. Earnings per share (INR) | |||||
| (Face value of INR 10 per share) | |||||
| (Not annualised for quarters) (see note x) | |||||
| – Basic | 7.86 | 5.42 | 9.29 | 30.24 | 29.24 |
| – Diluted | 7.85 | 5.41 | 9.27 | 30.20 | 29.20 |
| Particulars | As at 31 March, 2026 (Audited) | As at 31 March, 2025 (Audited) |
|---|---|---|
| Assets | ||
| 1. Non-current assets | ||
| (a) Property, plant and equipment | 3,097 | 2,001 |
| (b) Right-of-use assets | 1,741 | 1,357 |
| (c) Capital work-in-progress | 55 | 35 |
| (d) Investment property | 328 | 334 |
| (e) Goodwill | 5,482 | 5,481 |
| (f) Other intangible assets | 1,915 | 2,511 |
| (g) Intangible assets under development | 10 | – |
| (h) Financial assets | ||
| (i) Loans | 1 | – |
| (ii) Other financial assets | 2,093 | 812 |
| (i) Non-current tax assets (net) | 191 | 97 |
| (j) Deferred tax assets (net) | 875 | 866 |
| (k) Other non-current assets | 6 | 39 |
| Total non-current assets | 15,794 | 13,533 |
| 2. Current assets | ||
| (a) Inventories | 439 | 361 |
| (b) Financial assets | ||
| (i) Investments | 4,226 | 3,267 |
| (ii) Trade receivables | 1,107 | 881 |
| (iii) Cash and cash equivalents | 2,428 | 2,926 |
| (iv) Bank balances other than (iii) above | 6,667 | 5,461 |
| (v) Loans | 18 | 11 |
| (vi) Other financial assets | 558 | 504 |
| (c) Other current assets | 223 | 224 |
| Total current assets | 15,666 | 13,635 |
| Total assets | 31,460 | 27,168 |
| Equity and liabilities | ||
| 1. Equity | ||
| (a) Equity share capital | 1,676 | 836 |
| (b) Other equity | 23,406 | 20,891 |
| Equity attributable to the owners of the Company | 25,082 | 21,727 |
| Non-controlling interests | 331 | 338 |
| Total equity | 25,413 | 22,065 |
| 2. Liabilities | ||
| Non-current liabilities | ||
| (a) Financial liabilities | ||
| (i) Lease liabilities | 1,454 | 1,026 |
| (b) Deferred tax liabilities (net) | 60 | 33 |
| (c) Provisions | 26 | 19 |
| Total non-current liabilities | 1,540 | 1,078 |
| Current liabilities | ||
| (a) Financial liabilities | ||
| (i) Lease liabilities | 536 | 548 |
| (ii) Trade payables | ||
| Total outstanding dues of micro enterprises and small enterprises | 171 | 135 |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 1,635 | 1,536 |
| Sub-total | 1,806 | 1,671 |
| (iii) Other financial liabilities | 936 | 886 |
| (b) Provisions | 738 | 352 |
| (c) Current tax liabilities (net) | 71 | 138 |
| (d) Other current liabilities | 420 | 430 |
| Total current liabilities | 4,507 | 4,025 |
| Total liabilities | 6,047 | 5,103 |
| Total equity and liabilities | 31,460 | 27,168 |
| Particulars | Year ended 31 March, 2026 (Audited) | Year ended 31 March, 2025 (Audited) |
|---|---|---|
| Cash flows from operating activities | ||
| Profit for the year | 5,098 | 4,922 |
| Adjustments for : | ||
| Tax expense | 1,593 | 1,325 |
| Interest income | (670) | (665) |
| Gain on fair valuation of investments (at FVTPL) | (194) | (128) |
| Gain on sale of investments | (83) | (81) |
| Surrender value of keyman insurance policy (at FVTPL) | (3) | (3) |
| Rental income from investment property | (34) | (35) |
| Loss on disposal/discard of property, plant and equipment (net) | 9 | 22 |
| Expense recognised in respect of employee share based compensation | 238 | 272 |
| Finance costs | 228 | 223 |
| Depreciation and amortisation expense | 1,618 | 1,419 |
| Provision for impairment of trade receivables and advances | 41 | 34 |
| Bad debts / advances written off (net) | 9 | 11 |
| Bad debts recovered | (7) | – |
| Exchange differences on translation of foreign operations | 2 | – |
| Operating profit before working capital changes | 7,845 | 7,316 |
| Changes in working capital: | ||
| Adjustment for (increase)/decrease in operating assets: | ||
| (Increase)/decrease in inventories | (77) | 12 |
| (Increase)/decrease in trade receivables | (268) | (153) |
| (Increase)/decrease in loans | (8) | 2 |
| (Increase)/decrease in other financial assets | (27) | (11) |
| (Increase)/decrease in other assets | 6 | (26) |
| Adjustment for Increase/(decrease) in operating liabilities: | ||
| Increase/(decrease) in trade payables | 135 | 123 |
| Increase/(decrease) in other financial liabilities | 55 | 40 |
| Increase/(decrease) in provisions | 460 | (57) |
| Increase/(decrease) in other liabilities | (10) | 81 |
| Cash generated from operations | 6,111 | 7,327 |
| Income taxes paid (Net) | (1,754) | (1,639) |
| Net cash generated from operating activities (a) | 6,357 | 5,688 |
| Cash flows from investing activities | ||
| Payments for purchase of property, plant and equipment | (1,670) | (443) |
| Proceeds from disposal of property, plant and equipment | 5 | 7 |
| Payments for purchase of other intangible assets | (64) | (95) |
| Rental income from investment property | 34 | 35 |
| Interest received | 664 | 631 |
| Payments for purchase of investments in mutual funds | (3,609) | (5,917) |
| Proceeds from sale of investments in mutual funds | 2,927 | 3,998 |
| Bank deposits placed with the banks | (11,547) | (9,804) |
| Bank deposits with banks encashed | 9,041 | 8,558 |
| Net cash used in investing activities (b) | (4,219) | (3,031) |
| Cash flows from financing activities | ||
| Proceeds from exercise of share options | 186 | 127 |
| Repayment of borrowings | – | (833) |
| Interest paid | (1) | (31) |
| Repayment of lease liability | (368) | (338) |
| Interest paid on lease liability | (227) | (192) |
| Dividend paid on equity shares | (2,225) | (2,073) |
| Net cash used in financing activities (c) | (2,636) | (3,340) |
| Net decrease in cash and cash equivalents (a+b+c) | (498) | (683) |
| Cash and cash equivalents at the beginning of the year | 2,926 | 3,509 |
| Cash and cash equivalents at the end of the year | 2,428 | 2,926 |
| Components of cash and cash equivalents | ||
| Cash on hand | 23 | 26 |
| Cheque on hand | 5 | – |
| Balance with scheduled banks: | ||
| – on cash credit accounts | 221 | 215 |
| – deposits with maturity of less than 3 months | 2,179 | 2,685 |
| Cash and cash equivalents in Cash Flow Statement | 2,428 | 2,926 |
| Particulars | 3 months ended 31 March, 2026 (Unaudited) | Preceding 3 months ended 31 December, 2025 (Unaudited) | Corresponding 3 months ended in previous year 31 March, 2025 (Unaudited) | Year ended 31 March, 2026 (Audited) | Previous year ended 31 March, 2025 (Audited) |
|---|---|---|---|---|---|
| 1. Income | |||||
| (a) Revenue from operations | 6,752 | 6,321 | 5,772 | 26,476 | 23,516 |
| (b) Other income | 370 | 266 | 252 | 1,127 | 1,115 |
| Total income | 7,122 | 6,587 | 6,024 | 27,603 | 24,631 |
| 2. Expenses | |||||
| (a) Cost of materials consumed | 1,289 | 1,218 | 1,113 | 5,090 | 4,552 |
| (b) Employee benefits expense | 1,214 | 1,195 | 1,025 | 4,752 | 4,311 |
| (c) Finance costs | 59 | 70 | 48 | 220 | 215 |
| (d) Depreciation and amortisation expense | 427 | 401 | 346 | 1,541 | 1,342 |
| (e) Fees to collection centers/channel partners | 988 | 956 | 760 | 3,948 | 3,353 |
| (f) Other expenses | 1,446 | 1,215 | 1,283 | 5,159 |