ScoutQuest3 Nov 2026
Laxmi Dental544339Quarterly results

Laxmi Dental Q2FY27: revenue up 10.0% to INR 795.2 mn, EBITDA up 38.5% at 19.2% margin

Q2FY27 revenue up 10.0% to INR 795.2 mn, EBITDA up 38.5% at 19.2% margin, PAT after JV share up 17.6%.

By ScoutQuest · · 2 min read

Q2FY27 Revenue from Operations
INR 795.2 mn, up 10.0% YoY
Q2FY27 EBITDA
INR 152.7 mn, up 38.5%; margin 19.2% vs 15.3% a year earlier
Q2FY27 PAT after JV share
INR 100.4 mn, up 17.6%; 12.6% margin
Period
Q2FY27 and H1FY27
Positioning
The company calls itself India's only integrated dental products company, the second-largest domestic dental lab and the largest export dental lab, selling into 320+ Indian cities and 95+ export countries.

📉 Q2FY27 revenue from operations rose 10.0% year on year to INR 795.2 mn, with EBITDA up 38.5% to INR 152.7 mn and EBITDA margin at 19.2% against 15.3% a year earlier. PAT after share of JV profit rose 17.6% to INR 100.4 mn, a 12.6% margin, though the presentation notes scanner sales contribution fell to INR 3.5 crore from INR 8.9 crore in the same quarter last year.

🌍 On the segment side the company reports its dental laboratory business up 22.7% year on year on a scanner-excluded basis, with international laboratory revenue up 32.0% to INR 244.0 mn and domestic laboratory up 15.0% to INR 258.3 mn. Aligner solutions grew 21.9% to INR 246.1 mn, led by Illusion Aligners (Bizdent) at 27.7% and Taglus (Vedia) at 19.1%, while Kids-e-Dental, shown at 100% and not consolidated, rose 16.7% to INR 62.6 mn.

📉 For the full FY26, revenue from operations was INR 2,778.6 mn against INR 2,391.1 mn in FY25, but EBITDA margin slipped to 15.6% from 17.5% and PAT after share of JV profit declined to INR 289.2 mn from INR 318.3 mn. The FY26 profit line carries a negative exceptional item of 57.8 (INR mn) versus a positive 70.3 (INR mn) in FY25, so the swing is not operating growth alone.

🏭 The presentation states that INR 48.1 crore of unutilised IPO proceeds will be redeployed, including INR 26.9 crore for land and building for a company-owned dental lab and aligner plant, with 64% of INR 128.2 crore net IPO proceeds deployed as of 30 Sep 2026. Management also says it plans to deploy scanners on a subscription model to cut upfront adoption costs, and lists a target of 90%+ domestic lab digital penetration from about 75% in FY26.

More numbers
  • Revenue from operations, Q2FY27795.2 (INR mn)
  • EBITDA, Q2FY27152.7 (INR mn)
  • PAT after share of profit/loss from JVs, Q2FY27100.4 (INR mn)
  • EBITDA margin, Q2FY2719.2%
  • PAT margin (after share of JVs), Q2FY2712.6%
  • Revenue from operations, FY262,778.6 (INR mn)
  • PAT after share of profit/loss from JVs, FY26289.2 (INR mn)
  • EBITDA margin, FY2615.6%
  • Unutilised IPO proceeds to be redeployed₹48.1 Cr
  • Net IPO proceeds deployed64%
Source: BSE · 3 Nov 2026

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