IKS Health sees earnings tripling by FY30, driven by TruBridge deal

Inventurus Knowledge Solutions(IKS), a tech-enabled healthcare solutions provider, expects its earnings before interest, taxes, depreciation, and amortisation (EBITDA) to triple to ₹3,000 crore by 2029-30 (FY30), up from about ₹1,000 crore, following the proposed TruBridge acquisition, said Group CFO Nithya Balasubramanian.

Balasubramanian said IKS Health plans to scale operations while maintaining margins in the early-to-mid 30% range and increasing investments in artificial intelligence (AI) solutions.

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IKS Health’s net debt is at about $26 million as of the end of the last fiscal year, and the company aims to return to similar levels by FY30 even after funding the acquisition.

She said IKS’s artificial intelligence and R&D spending in the January-March 2026 quarter was about 5% of revenue and is expected to grow alongside revenue going forward. The company continues to benefit from technology-led operating leverage.

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Most of IKS' contracts remain outcome-based, where revenues are linked to customer performance. “Risk and reward are commensurate. If patient footfalls go up, so does the money we make,” Balasubramanian said.

The company further said customer rationalisation after the acquisition of AQuity Solutions was intentional and may continue for another couple of quarters as it exits smaller accounts with limited growth potential.

The company, which has a current market capitalisation of ₹28,795.98 crore, has seen its shares remain flat over the last year.

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