Rainbow Children's Medicare Limited announced its unaudited standalone and consolidated financial results for Q2 FY27 ended September 30, 2026.

Financial Performance

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Revenue: ₹5,480 Mn, up 23.2% YoY from ₹4,448 Mn
  • EBITDA: ₹1,700 Mn, up 14.2% YoY from ₹1,489 Mn
  • EBITDA Margin: 31.0%, down 245 bps from 33.5%
  • PAT: ₹839 Mn, up 10.9% YoY from ₹756 Mn
  • PAT Margin: 15.3%, down 169 bps from 17.0%

Quarterly Performance (Q2 FY27 vs Q1 FY27):

  • Revenue: ₹5,480 Mn, up 16.6% QoQ from ₹4,700 Mn
  • EBITDA: ₹1,700 Mn, up 26.2% QoQ from ₹1,346 Mn
  • EBITDA Margin: 31.0%, up 237 bps from 28.6%
  • PAT: ₹839 Mn, up 34.1% QoQ from ₹625 Mn
  • PAT Margin: 15.3%, up 200 bps from 13.3%

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Revenue: ₹10,180 Mn, up 27.6% YoY from ₹7,977 Mn
  • EBITDA: ₹3,046 Mn, up 20.6% YoY from ₹2,525 Mn
  • EBITDA Margin: 29.9%, down 173 bps from 31.7%
  • PAT: ₹1,464 Mn, up 13.1% YoY from ₹1,294 Mn
  • PAT Margin: 14.4%, down 184 bps from 16.2%

Operational Metrics

Key Performance Indicators (Q2 FY27 vs Q2 FY26):

  • Capacity Beds: 2,555, up 12% from 2,285
  • Operational Beds: 1,910, up 18% from 1,621
  • Occupancy: 49.19%, down 276 bps from 51.95%
  • IP Discharges: 32,706, up 15% from 28,380
  • OP Consultation: 507,114, up 19% from 427,595
  • Deliveries: 5,719, up 20% from 4,753
  • ARPOB: ₹63,413, up 10% from ₹57,396
  • ALOS: 2.64 days, down 3% from 2.73 days

Operational Notes:

  • Operational beds include Rainbow Nellore (70 Capacity Beds, 55 Operational Beds) and Rainbow Guntur (50 Capacity Beds, 40 Operational Beds) commenced on September 1, 2026
  • HRBR, Bengaluru included with 48 operational beds from May 1, 2026

Expansion and Development Updates

Recently Commenced Operations:

  • 70-bed hospital in Nellore (acquired)
  • 50-bed brand new hospital in Guntur

Project Timeline Updates:

  • Indore: Operations expected to commence in Q3 FY27
  • Malad, Mumbai: Interior work progressing, operations expected in Q1 FY28
  • Coimbatore: ~130-bed regional hub hospital, operations expected in Q3 FY28
  • Gurugram (Sector 56): ~125-bed spoke hospital, commissioning targeted for Q4 FY28
  • Gurugram (Sector 44): ~325-bed hub hospital, operations expected in Q1 FY29
  • Pune: ~150-bed regional hub hospital, operations expected in FY29
  • Seegehalli: ~80-bed spoke hospital, operations expected in FY29

Future Expansion:

  • Government of Andhra Pradesh allotted two acres of land for a specialty pediatric hospital in Amaravati with initial bed capacity of 150 beds (project in planning phase)

Financial Position and Investments

  • Cash, cash equivalents, fixed deposits, and mutual fund investments: ₹5,428 Mn as of September 30, 2026
  • Capital expenditure during the quarter: ₹819 Mn
  • Company states it is well-positioned to complete all planned capital expenditures using internal resources (current cash and anticipated internal accruals)

Management Commentary

Dr. Ramesh Kancharla, Chairman & Managing Director:

Highlighted continued demand for specialized pediatric and women's healthcare, steady progress across hospitals, and expansion in Andhra Pradesh. Focus remains on building strong clinical teams, maintaining consistent standards of care, and ensuring investments translate into greater access to specialized healthcare.

Mr. Abarali Dalal, CEO:

Noted exceptional 20%+ year-on-year revenue growth for third consecutive quarter despite seasonal softness. Growth supported by onboarding of marquee doctors, healthy occupancy, and operational efficiencies. New hospitals are steadily ramping up. Focus remains on improving occupancy, efficient patient throughput, and maintaining momentum.

Corporate Developments

  • Appointment of new Group CFO, Mr. Sudarshan Patodia
  • Company operates 26 hospitals, 6 clinics, and 2 dedicated fertility clinics across 11 cities with total bed capacity of 2,685 beds