Sign in to fuzzto save your conversations, follow your research and come back anytime.

The Quarter story
The two most recent quarterly results, compared side-by-side.
Shalby Ltd shows recovering hospital utilization and strong MedTech growth, but rising debt and falling cash reserves require monitoring.
Net debt improved from ₹101.38 Cr to -₹544.83 Cr from Q1 FY26 to Q1 FY27 — building a stronger cash buffer
Cash reserves fell from ₹1,088.71 Cr to ₹670.86 Cr over five quarters — tightening available liquidity
Hospital occupancy rose from 45% to 51% from Q1 FY26 to Q1 FY27 — better bed utilization across facilities
Debt to equity ratio climbed from 0.30x to 0.46x from Q1 FY26 to Q1 FY27 — increasing financial leverage
Return on capital employed grew from 6.8% to 9.4% over five quarters — enhanced capital efficiency
International patient revenue share dropped from 56% to 42% over the period — reducing high-margin overseas income
MedTech revenue expanded from ₹3.64 Cr to ₹472 Cr from Q1 FY26 to Q1 FY27 — driving rapid top-line growth
Annualized ROCE declined from 12.5% to 6.7% from Q1 FY26 to Q1 FY27 — signaling lower long-term capital returns
Pre-tax margin recovered from 3.3% to 13.1% between Q3 FY26 and Q1 FY27 — stabilizing core profitability
Gross borrowings rose from ₹987.33 Cr to ₹1,215.69 Cr over five quarters — adding to interest expenses