Latest news with #AbhaySoi
Mint
6 days ago
- Business
- Mint
Max Healthcare Q1 profit up 17 pc at ₹345 cr
New Delhi, Aug 13 (PTI) Max Healthcare Institute on Wednesday said its profit after tax increased 17 per cent year-on-year to ₹ 345 crore for June quarter FY26 on enhanced utilisation of operational beds across the hospital network. The healthcare major reported a profit after tax (PAT) of ₹ 295 crore in the April-June period last year. Gross revenue rose to ₹ 2,574 crore in the quarter from ₹ 2,028 crore in the year-ago period, Max Healthcare said in a statement. Net debt at June-end stood at ₹ 1,755 crore as compared with ₹ 1,576 crore on March 31, 2025. The company said its board has approved execution of an agreement to lease a built-to-suit 130-bed hospital in Dehradun. The proposed facility will be located near the company's existing 220-bed hospital, which is operational since 2012. Scheduled for commissioning in 2028, the new hospital will, among other specialties, focus on advanced oncology services, including radiation therapy, it said. Besides, Jaypee Healthcare Ltd, a wholly-owned subsidiary, has executed a binding term sheet to divest Chitta (Bulandshahr) and Anoopshahr hospitals to Manush Aushadi and Anusandan Ltd for ₹ 40 crore, subject to working capital adjustment at closing. This move is in line with the company's strategy to concentrate on super-specialty care in larger cities, it said. "Our sustained growth is a reflection of our strategy and execution capabilities," Max Healthcare Institute Chairman and Managing Director Abhay Soi said. The commissioning of 160-bed brownfield tower at Max Mohali, along with additional brownfield capacities coming online at Max Smart and Nanavati-Max shortly, will significantly enhance clinical and financial performance of the network, he added. "In parallel, we are scaling up our clinical and support teams, while optimizing our service mix to ensure rapid and effective utilisation of the new capacities," Soi stated. Shares of the company were trading 0.24 per cent up at ₹ 1,265 apiece on BSE.
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Business Standard
6 days ago
- Business
- Business Standard
Max Healthcare Q1 results: Profit rises 17% to ₹345 cr on higher revenue
Max Healthcare Institute on Wednesday said its profit after tax increased 17 per cent year-on-year to ₹345 crore for June quarter FY26 on enhanced utilisation of operational beds across the hospital network. The healthcare major reported a profit after tax (PAT) of ₹295 crore in the April-June period last year. Gross revenue rose to ₹2,574 crore in the quarter from ₹2,028 crore in the year-ago period, Max Healthcare said in a statement. Net debt at June-end stood at ₹ 1,755 crore as compared with ₹1,576 crore on March 31, 2025. The company said its board has approved execution of an agreement to lease a built-to-suit 130-bed hospital in Dehradun. The proposed facility will be located near the company's existing 220-bed hospital, which is operational since 2012. Scheduled for commissioning in 2028, the new hospital will, among other specialties, focus on advanced oncology services, including radiation therapy, it said. Besides, Jaypee Healthcare Ltd, a wholly-owned subsidiary, has executed a binding term sheet to divest Chitta (Bulandshahr) and Anoopshahr hospitals to Manush Aushadi and Anusandan Ltd for ₹40 crore, subject to working capital adjustment at closing. This move is in line with the company's strategy to concentrate on super-specialty care in larger cities, it said. "Our sustained growth is a reflection of our strategy and execution capabilities," Max Healthcare Institute Chairman and Managing Director Abhay Soi said. The commissioning of 160-bed brownfield tower at Max Mohali, along with additional brownfield capacities coming online at Max Smart and Nanavati-Max shortly, will significantly enhance clinical and financial performance of the network, he added. "In parallel, we are scaling up our clinical and support teams, while optimizing our service mix to ensure rapid and effective utilisation of the new capacities," Soi stated. Shares of the company were trading 0.24 per cent up at ₹1,265 apiece on BSE. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
News18
6 days ago
- Business
- News18
Max Healthcare Q1 profit up 17 pc at Rs 345 cr
Last Updated: New Delhi, Aug 13 (PTI) Max Healthcare Institute on Wednesday said its profit after tax increased 17 per cent year-on-year to Rs 345 crore for June quarter FY26 on enhanced utilisation of operational beds across the hospital network. The healthcare major reported a profit after tax (PAT) of Rs 295 crore in the April-June period last year. Gross revenue rose to Rs 2,574 crore in the quarter from Rs 2,028 crore in the year-ago period, Max Healthcare said in a statement. Net debt at June-end stood at Rs 1,755 crore as compared with Rs 1,576 crore on March 31, 2025. The company said its board has approved execution of an agreement to lease a built-to-suit 130-bed hospital in Dehradun. The proposed facility will be located near the company's existing 220-bed hospital, which is operational since 2012. Scheduled for commissioning in 2028, the new hospital will, among other specialties, focus on advanced oncology services, including radiation therapy, it said. Besides, Jaypee Healthcare Ltd, a wholly-owned subsidiary, has executed a binding term sheet to divest Chitta (Bulandshahr) and Anoopshahr hospitals to Manush Aushadi and Anusandan Ltd for Rs 40 crore, subject to working capital adjustment at closing. This move is in line with the company's strategy to concentrate on super-specialty care in larger cities, it said. 'Our sustained growth is a reflection of our strategy and execution capabilities," Max Healthcare Institute Chairman and Managing Director Abhay Soi said. The commissioning of 160-bed brownfield tower at Max Mohali, along with additional brownfield capacities coming online at Max Smart and Nanavati-Max shortly, will significantly enhance clinical and financial performance of the network, he added. 'In parallel, we are scaling up our clinical and support teams, while optimizing our service mix to ensure rapid and effective utilisation of the new capacities," Soi stated. Shares of the company were trading 0.24 per cent up at Rs 1,265 apiece on BSE. PTI MSS MSS ANU ANU view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
21-05-2025
- Business
- Time of India
Max Healthcare Institute Q4 PAT up 21 pc at Rs 376 cr
NEW DELHI: Max Healthcare Institute Ltd on Tuesday reported a 21 per cent rise in profit after tax at Rs 376 crore in the fourth quarter ended March 31, 2025 on the back of rise in revenues. The company had posted a profit after tax of Rs 311 crore in the fourth quarter of the previous fiscal, Max Healthcare Institute Ltd said in a statement. The network gross revenue was at Rs 2,429 crore reflecting a growth of 29 per cent, as compared to Rs 1,888 crore in the corresponding quarter of the previous fiscal, it added. Bed occupancy for the quarter was at 75 per cent, with occupied bed days (OBDs) up by 30 per cent year-on-year and the average revenue per occupied bed was at Rs 77,100 in Q4 FY25, as compared to Rs 76,800 in Q4 FY24, the company said. Max Healthcare Institute Ltd Chairman and Managing Director, Abhay Soi said during the quarter, the company took significant strategic steps to position itself for long-term growth, including corporate actions and two M&A transactions. "Notably, we completed the acquisition of land adjoining Max Super Specialty Hospital, Vaishali, paving the way for a brownfield expansion in this very busy hospital," he added. Soi further said,"As we look ahead, we are excited about commencing the operations at our three new brownfield towers in Saket, Nanavati and Mohali hospitals in the next three months and adding 1,500 beds to the capacity in the current financial year, which will further reinforce our leadership in quality healthcare delivery across geographies that we operate in." In a regulatory filing, the company said its board has recommended a final dividend of Rs 1.5 per equity share of face value of Rs 10 for the financial year 2024-25, subject to approval of shareholders in the forthcoming annual general meeting. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
20-05-2025
- Business
- Time of India
Max Hits ₹9,000 Cr in FY25, Q4 revenue soars 29% on higher bed occupancy
Mumbai: Corporate Hospital chain, Max Healthcare Institute Q4 FY2024-25 revenue reported a growth of 29 per cent to ₹2,429 crore, up against ₹1,888 crore from the year ago quarter. For the January-March quarter the hospital's net profit went up 21 per cent to ₹376 crore, against the previous year figures of ₹311 crore while the earnings before interest and taxes (EBITDA) stood at ₹632 crore. The hospitals bed occupancy for the quarter was at 75 per cent, with a 30 per cent increase in bed occupied days (BOD) ad the ARPOB (Average Revenue Per Occupied Bed) stood at ₹77.1 thousand, up against ₹76.8 thousand reported in the year ago period. Overall EBITDA per bed was ₹ 73.9 lakhs compared to ₹76 lakhs in Q4 FY24 and the share of revenue from new units stood at 15 per cent compared to 2 per cent in the year ago period. During the period Max entered into a Long-term Service Agreement to sett up a 200-bed hospital in Pitampura, Delhi in association with Bharat Prakritik Chikitsa Mission. 'We have reported the 18th consecutive quarter of year-on-year growth in both Revenue and Operating EBITDA — a testament to the strength of our operating model, in Q4 we took significant strategic steps for long-term growth, including corporate actions and two M&A transactions,' said Abhay Soi, Chairman and Managing Director, Max Healthcare Institute Ltd. For the full financial year Max gross revenue went up 26 per cent YoY to ₹9,065 crore, while the net profit went up 9 per cent to ₹1,392 crore , attributed with the 'increase in OBDs.' Outlining the company's future plans, Soi said, 'We are commencing operations at our three new brownfield towers in Saket, Nanavati, and Mohali in the next three months and will add 1,500 beds to our capacity in the current financial year.' Recently while inaugurating its Dwarka-based 300-bed super speciality facility, Soi had voiced that, the company will invest '₹6,000 crore by 2028 to add 3,700 beds across key locations in India." Currently the hospital chain operates a network of 22 hospitals with a total strenth of around 5000 beds and caters to more than 30 specialities.
