BSECompany Update2d ago · 17 Aug 2026, 06:55 pm
Please find attached the disclosure.
Health X Platform Ltd · 533259
✦ AI Summary▲ PositiveResults
Health X Platform Ltd has announced the transcript of its Q1 FY27 earnings conference call, highlighting revenue momentum and growth in its RetailerShakti and SastaSundar platforms.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Health X Platform Ltd - 533259 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Attachments (1)
📄pdf
Download →
e272eecf-232c-4890-9c00-f3ccf8bdb7ae.pdf
View document text
Date: 17-08-2026
To To
The General Manager The Manager
Department of Corporate Services Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Tower Exchange Plaza, Bandra Kurla Complex
Dalal Street, Mumbai - 400 001 Mumbai - 400 051
Ref: BSE Scrip Code: 533259; NSE Symbol: HEALTHX
Dear Sir/Madam,
Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Transcript of Earnings Conference call for Q1 FY27
Ref: Our letter dated 05.08.2026 for intimation of schedule of the Earnings Conference Call for Q1
FY’27.
This is in furtherance to our letter dated August 5, 2026 intimating that a Earnings Conference Call
with investors and analysts was scheduled to be held on 11th August, 2026 at 4.00 PM (IST) to discuss
the performance for the quarter ended June 30, 2026 and updates of the Company.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, please find enclosed herewith a copy of the transcript of the said call with the Investors and
analysts.
Please also find herein below the link of the transcript of the said call that has been uploaded on the
website of the Company.
https://healthxplatform.com/Pdf/HXPL_Q1_FY27_Earnings_Call_Transcript.pdf
You are requested to kindly take the same on record.
Thanking you,
Yours faithfully,
For Health X Platform Limited
(formerly known as Sastasundar Ventures Limited)
Pratap Singh
Company Secretary & Compliance Officer
M. No.: ACS-24081
“Health X Platform Limited
Q1 & FY27 Earning Conference Call”
August 11, 2026
MANAGEMENT: MR. B.L. MITTAL – MANAGING DIRECTOR AND CHIEF
EXECUTIVE OFFICER – HEALTH X PLATFORM
LIMITED
MR. LOKESH AGARWAL – CHIEF FINANCIAL OFFICER
– HEALTH X PLATFORM LIMITED
MANAGEMENT: MS. SOUMYA – GO INDIA ADVISORS
Page 1 of 18
Health X Platform Limited
August 11, 2026
Moderator: Ladies and gentlemen, good day and welcome to Health X Platform Limited Q1 and FY27
Earning Conference Call hosted by Go India Advisors. As a reminder, all participant lines will
be in the listen-only mode, and there will be an opportunity for you to ask questions after the
presentation concludes. Should you need assistance during the conference call, please signal an
operator by pressing star then zero on your touch-tone phone. Please note that this conference is
being recorded.
I now hand the conference over to Ms. Soumya from Go India Advisors. Thank you, and over
to you Soumya.
Soumya: Hi everyone, I welcome you all to Health X Platform Limited Q1 FY27 Earnings Con Call.
Please note that discussions on today's call may include certain forward-looking statements and
must be therefore viewed in conjunction with the risks pertaining to the business.
We have on call today Mr. B.L. Mittal, the Managing Director and CEO, and Mr. Lokesh
Agarwal, the CFO. I now request the management to proceed with the opening remarks. Post
that, we will open the floor for Q&A. Thank you and over to you sir.
B.L. Mittal: Good afternoon, friends. I am B.L. Mittal. Welcome to the Health X Platform Limited Q1 FY27
Earnings and Business Update Call. We sincerely appreciate your continued trust and support
as we build Health X into a technology-led, capital-efficient healthcare platform with a clear
objective of making healthcare more affordable, accessible, and trustworthy across India.
Q1 FY27 has been an encouraging start to the year for us. The initiatives that we have invested
in during the previous year across RetailerShakti, SastaSundar, geographical expansion,
fulfilment infrastructure, technology, and JITO are now beginning to translate into stronger
revenue momentum while we continue to work towards improving the underlying economics of
the business, building scale with a strong operating foundation.
The strength of our platform today is reflected in the scale we have built. We currently serve
approximately 75,000 retail pharmacies with more than 50,000 SKUs sourced from over 1,000
vendors, supported by more than 350 health buddies and 3,500 employees. Importantly, more
than 95% of our purchases are sourced directly from pharmaceutical companies without paying
any purchase rights, while our purchase return remains below 1%. This gives us a strong
sourcing and availability advantage as we continue to scale.
RetailerShakti and SastaSundar both are driving growth now. Our revenue momentum has
achieved meaningfully, led by our two core platforms. RetailerShakti grew 48% Y-o-Y,
continuing to remain our principal growth engine. While SastaSundar grew 44% Y-o-Y,
reflecting a strong B2C business.
The quality of this growth is also encouraging. Within Retailer Shakti, 69.4% of business comes
from orders above 2,500 and 42.4% from orders above 5,000, indicating that retailers are
increasingly consolidating a meaningful share of their procurement requirements on our
platform. This also eliminates the focus on certain customers because the sales are widespread
of in thousands of customers.
Page 2 of 18
Health X Platform Limited
August 11, 2026
Similarly, 69.2% of SastaSundar orders are above 1,000, highlighting a healthy consumer basket
size, and it also reflects that 30.8% of our orders are going below 1,000 that shows us the
capability to serve even the smallest order. Together these platforms provide us with a strong
base to deepen customer engagement and build a larger healthcare ecosystem.
We are expanding beyond our existing markets, a part of our key strategy is to replicate this
model across geographies. Building on our existing West Bengal infrastructure, we have
expanded into Odisha, Bihar, and Jharkhand, while strengthening our northern operations
through our Noida infrastructure. We have already deployed sales team and established the
logistics and fulfilment capabilities required to penetrate these markets.
The early response reinforce our confidence in this strategy. Importantly, our business is not
dependent only on large metropolitan markets. Approximately 67% of RetailerShakti business
and 78% of SastaSundar business comes from tier 2 and tier 3 markets. This reinforces our
philosophy of inclusive healthcare infrastructure in India, which the India needs and we provide
across geographies, across income level.
This demonstrates the scalability of our model and the significant opportunity available in
underserved markets where accessibility, affordability, and reliability availability remain
important needs.
Our new initiative JITO, which is creating another growth opportunity. That is another strategic
initiative, a JITO private label, through which we aim to make quality healthcare significantly
more affordable by offering medicines at prices up to 60% lower than leading branded
alternatives. We see JITO as an opportunity to simultaneously improve affordability for
customers and create an additional margin opportunity for the platform. At this stage, our focus
remains on building the right distribution network, establishing customer acceptance, and
scaling the business in a disciplined manner.
We are investing ahead of scale while improving economics on profitability. EBITDA stood at
INR14.9 crores during the quarter. As we continue to invest on team and in technology-led
capabilities across procurement, fulfilment, inventory management, and customer engagement.
I would like to reiterate that almost all our revenue is contribution margin positive revenue.
We have consistently maintained that technology investments need to be made ahead of scale,
but capital deployment must ultimately be supported by sound economics. Our objective is,
therefore, to continue investing in capabilities that can provide productivity and customer
experience, while progressively moving the platform towards stronger profitability and capital
efficiency.
Our PAT stood at INR2 crores, reflecting the improving underlying economics of the business.
Technology and fulfilment are also key enablers. Technology rema
[Showing first 8,000 characters — download PDF for full document]