Guidance ledger · Q3 FY26

Apollo Hospitals Enterprise Ltd APOLLOHOSP

3 revisions on record · 1 lowered · 2 raised — the strikethrough is what management used to say

mixed guidance posture · shifted across quarters

Holding view → · latest concall · The pulse

↓ lowered Apollo 24/7 cash EBITDA breakeven timing Q4 FY25 → Q3 FY26

~~Q3-Q4 FY26 cash breakeven~~ → Q1 FY27 (pushed by one quarter due to insurance revenue recognition mismatch)

“we will be able to close this loop in Q1 of FY '27”

↑ raised Apollo 24/7 GMV growth FY26 Q1 FY26 → Q3 FY26

~~25-30% YoY~~ → 30-35% on FY basis (post GST/Amazon adjustments)

“We will obtain our 30% to 35% growth on the GMV”

↑ raised Healthcare Services existing-hospital margin ceiling Q4 FY25 → Q3 FY26

~~~24% maintain (140 bps lever)~~ → Above 26% next year on base network with +100 bps expansion

“At least 100 basis points is the margin expansion, which is possible in the existing business”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.