Financial Performance Q1 FY27

  • Revenue: ₹3,926 million (39.0% YoY growth)
  • EBITDA: ₹917 million (39.0% YoY growth)
  • EBITDA Margin: 23.3% (209 bps decline YoY)
  • Adjusted EBITDA Margin: 28.1% (excluding ramp-up losses from newer hospitals)
  • Profit Before Tax: ₹612 million (4.3% YoY growth)
  • Profit After Tax: ₹454 million (8.0% YoY growth)
  • PAT Margin: 11.6% (465 bps decline YoY)

Expense Breakdown Q1 FY27

  • Medical Consumables & Pharmacy: ₹693 million (32.9% YoY growth)
  • Employee Expenses: ₹779 million (61.7% YoY growth)
  • Other Expenses: ₹1,537 million (65.4% YoY growth)
  • Depreciation and Amortisation: ₹282 million (89.3% YoY growth)
  • Financial Cost: ₹66 million (NM YoY change)
  • Other Income: ₹44 million (44.4% YoY decline)
  • Tax: ₹158 million (5.2% YoY decline)

Operational Performance

  • New hospitals (Greater Faridabad, New Delhi Model Town, Faridabad Sector-20, and Agra) contributed ₹1,067 million in revenue
  • Existing hospitals delivered 22% YoY revenue growth
  • Revenue mix shift: Existing hospitals declined from 91% in Q1 FY26 to 73% in Q1 FY27, while new hospitals increased from 9% to 27%
  • Faridabad Sector-20 achieved EBITDA breakeven in record 9 months
  • New Delhi Model Town ARPOB approaching ₹50,000 mark
  • Agra hospital achieved 20%+ EBITDA margin in first full quarter of integration

Capacity and Expansion

  • Current bed capacity includes newly acquired under-construction hospital in Gurugram (250 beds)
  • Gurugram hospital expected to commence operations by Q1 FY2028
  • Located in Central Gurugram within high-income catchment area with proximity to IGI airport
  • Target ~5,000 bed capacity over next 3 years from current ~3,250 beds
  • Bed capacity to be expanded by 200 and 250 beds at Greater Noida & Noida Extension

Cluster-Based Strategy

Noida Cluster: 3 hospitals with 1,100 beds (+450 beds underway), largest player in Noida

Faridabad Cluster: 2 hospitals with 600 beds, among larger healthcare players in Faridabad

New Delhi Cluster: 1 hospital with 300 beds in Model Town, premium NCR market

Gurugram Cluster: 1 upcoming hospital with 250 beds in high-income catchment

Beyond NCR: Agra (250 beds) - first corporate hospital in region; Jhansi (305 beds) - largest hospital in region

International Initiatives

  • Exclusive hospital partner to Noida International Airport
  • Information Centre in Uzbekistan
  • Partnerships with healthcare institutions across Cameroon, Kenya, and Sudan (Afronile, Medassure, Hospidio)
  • OPD camps, medical delegations, and engagements across Asia, Africa, and Middle East
  • Continuing Medical Education programs in Kenya
  • Global brand visibility through Afghan international cricketer as Brand Ambassador

Investor Relations Contact

Mr. Ashutosh Kumar Jha, Group Chief – Strategy, M&A and IR