Goldman Sachs
May 21, 2026
Healthcare Global Enterprises Q4 FY26 Update
Single Stock ReportEquitiesHealth Care
Healthcare Global Enterprises (HCG) delivered Q4FY26 results broadly in line with expectations, showing 11.5% revenue growth and margin expansion. Goldman Sachs maintains its 'Not Rated' status due to its role as a financial advisor but has slightly lowered forward EBITDA estimates.
Key Takeaways
- 1.Healthcare Global Enterprises reported Q4FY26 revenue and EBITDA growth of 11.5% and 18% year-over-year, respectively, meeting consensus expectations.
- 2.EBITDA margins improved by 111 basis points year-over-year to 19.2% due to improved operating leverage.
- 3.Goldman Sachs has lowered its FY26-28E EBITDA estimates by up to 2% based on the Q4 results and management outlook.
Table of Contents
- Result update
- Estimate changes
- Disclosure Appendix
- GS Factor Profile
- M&A Rank
- Quantum
- Disclosures
- Price target and rating history chart(s)
- Target price history table(s)
- Regulatory disclosures
- Ratings, coverage universe and related definitions
- Global product; distributing entities
- General disclosures
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Authors
Shyam Srinivasan, CFAKaran Vora, CFA
Securities
HEAC
Themes
Operating Leverage in Hospital ServicesRegional Growth Disparity
Regions
Asia PacificIndia
