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Business Standard
5 days ago
- Business
- Business Standard
Narayana Health to add 2,000 beds, expand insurance schemes in FY26
Bengaluru-headquartered hospital chain Narayana Health aims to grow its domestic revenue by 10 per cent in FY26, in line with industry benchmarks, a senior company official said. Managing director and chief executive officer Emmanuel Rupert told Business Standard: 'Last fiscal we did about Rs 4,349 crore in India revenue and we want to grow at a rate at which the healthcare industry is growing — over 10 per cent. We look to be on the same momentum and revenue.' Sandhya J, chief financial officer at Devi Shetty's Narayana Health, said the company plans to scale up its Aditi and Arya health insurance schemes in Karnataka and West Bengal. 'The entire healthcare ecosystem is failing in trust. We are on the path to solve the trust deficit and episodic interference of fund transfer. On the back of this, we aim to double down on our insurance scheme and build a strong customer base in Bengaluru, Shivamogga, Mysore, and Kolkata.' Commenting on efforts to improve profit after tax (PAT), which declined 2.3 per cent to Rs 196 crore in Q1 due to increased investments in integrated care and other financial costs, Sandhya said PAT optimisation will improve as the India business grows. Some clinics have started breaking even, reducing losses from the health insurance schemes. 'Over a period of time, we will be able to keep the losses in check and expand margins in the domestic business. PAT should improve. Finance cost will continue to increase due to the Rs 3,000 crore project to add 2,000 beds across India over the next three years. The integrated care dilution will continue over the next year but we hope to maintain a decent level of cash burn.' She added that a large part of the funding will come through bank borrowings and non-convertible debentures (NCDs) as needed. So far, Rs 800 crore has been raised for projects already signed. The CFO noted that about Rs 1,500–2,000 crore in loans might be raised in this fiscal, depending on upcoming project developments. 'We are exploring opportunities to expand, some might be inorganic as well. Borrowings will be linked to the construction progress of our current projects.' During the quarter, revenue from international patients declined, primarily due to reduced footfall from Bangladesh. Narayana expects this trend to continue, given ongoing geopolitical tensions. 'The goal is to keep focusing on domestic growth and see how well we can push the numbers. Eventually, in the next two to three years, we believe that revenue contribution from Bangladesh will go down to zero. Not to miss, the country is building its own healthcare infrastructure.' Looking ahead, Narayana expects its integrated care business to account for a larger share of overall revenue. At present, cardiac sciences and oncology contribute approximately 33 per cent and 16 per cent, respectively. On Tuesday, the Clinical Research team and Medha AI developed an artificial intelligence (AI) model that predicts left ventricular ejection fraction from ECG images, enabling early heart failure detection and improved diagnostic access. 'All along we have waited for Western countries to develop these technologies. Today we are developing this because this country is blessed with phenomenally skilled, passionate software engineers and AI experts. This is our strength. We have made massive investments in building the digital platform, which is far ahead of all the other hospitals. With the great combination of a digital platform and the AI tool, healthcare will never be the same,' said Devi Prasad Shetty, chairman and founder of Narayana Health, at a media briefing. The company said that trained on over 100,000 ECG images paired with echocardiogram reports, the model showed strong predictive performance. With external validation across 14 tertiary centres and over 57,000 patients, it identified 97 per cent of individuals with severely reduced ejection fraction (≤35 per cent).
Business Standard
5 days ago
- Business
- Business Standard
Narayana Health aims 10% Group revenue growth in FY26
Bengaluru-heaquartered hospital chain Narayana Health aims to grow its domestic revenue by 10 per cent in the fiscal year 2026, driven by industry benchmarks, a senior company official said. Managing director and CEO Emmanuel Rupert told Business Standard said, 'Last fiscal we did about Rs 4,349 crore in India revenue and we want to grow at a rate at which the healthcare industry is growing at over 10 per cent. We look to be on the same momentum and revenue,' Sandhya J, chief financial officer at Devi Shetty's Narayana Health, said the company plans to scale up its Aditi and Arya health insurance schemes in Karnataka and West Bengal.'The entire healthcare ecosystem is failing in trust. We are on the path to solve trust deficit and episodic interference of fund transfer. On the back of this, we aim to double down our insurance scheme and build a strong customer base in Bengaluru, Shivamogga, Mysore and Kolkata.' Commenting on efforts to improve profit after tax (PAT), which declined 2.3 per cent to Rs 196 crore in Q1 due to increased investments in integrated care and other financial costs, Sandhya noted that PAT optimisation will improve as the India business grows. She added that some clinics have started breaking even, leading to a reduction in losses from the health insurance schemes. 'Over a period of time, we will be able to keep the losses in check and expand margins in the domestic business. PAT should improve. Finance cost will continue to increase due to the Rs 3000 crore project to add 2,000 beds across India over the next three years. The integrated care dilution will continue over the next year but hope to maintain a decent level of cash burn.' Further, she added that a large part of the fund will come through bank borrowings and Non-Convertible Debentures (NCDs) as and when needed. So far, Rs 800 crore has been raised for projects already signed up. However, the CFO noted that about RS 1,500 to Rs 2,000 crore loan might be raised in this fiscal, depending on upcoming project developments. 'We are exploring opportunities to expand, some might be inorganic ones as well. Borrowings will be linked to construction progress of our current projects.' During the quarter, revenue from international patients declined, primarily due to reduced patient footfall from Bangladesh. Narayana indicated that this trend is expected to continue, given the ongoing geopolitical tensions. 'The goal is to keep focusing on domestic growth and see how well we can push the numbers. Eventually, in the next two to three years, we believe that revenue contribution from Bangladesh will go down to to miss, the country is building its own healthcare infrastructure.' Looking ahead, Narayana expects its integrated care business to account for a larger share of overall revenue. At present, cardiac sciences and oncology contribute approximately 33 per cent and 16 per cent, respectively. On Tuesday, the Clinical Research team and Medha AI developed an artificial intelligence (AI) model that predicts left ventricular ejection fraction from ECG images, enabling early heart failure detection and improved diagnostic access. 'All along we have waited for the Western countries to develop these technologies. Today we are developing this because this country is blessed with phenomenally skilled, passionate software engineers, AI experts. This is our strength. We have made massive investment in building the digital platform, which is far ahead of all the other hospitals. With the great combination of a digital platform with the AI tool, healthcare will never be the same,' said Devi Prasad Shetty, chairman and founder of Narayana Health, at a media briefing. The Bengaluru-headquartered private multispeciality hospital chain said that trained on over 100,000 ECG images paired with echocardiogram reports, the model showed strong predictive performance. With external validation across 14 tertiary centers and over 57,000 patients, it identified 97 per cent of individuals with severely reduced EF (≤35 per cent).
Time of India
13-06-2025
- Health
- Time of India
Hospital launches advanced 3D mammography system
New Delhi: Dharamshila Narayana Superspeciality Hospital launched an advanced 3D mammography system on Thursday to commemorate the Cancer Survivor Month. During the inauguration ceremony, attended by chief minister Rekha Gupta as the chief guest, the hospital launched a comprehensive free women's health cancer screening programme and implemented the Ayushman Bharat scheme . The newly installed 3D mammography equipment provides accurate, efficient breast screenings with minimal radiation exposure. This technology enables early detection of abnormalities, making cancer screening accessible to women across economic sections, thereby reducing instances of late-stage breast cancer diagnoses. During the mammography unit launch, the chief minister said that "this unit is specially designed for the early detection of breast cancer in women, enabling timely treatment. Equipped with fully digital technology, the unit ensures quick and accurate diagnosis using the latest medical equipment." She added that "cancer is a disease that causes emotional turmoil for entire families when it strikes. However, advancements in medical science today have made early detection and effective treatment possible." Speaking at the event, Dr Emmanuel Rupert, managing director and Group CEO of Narayana Health, explained the significance of the new initiatives. He outlined the screening programme offering 5,000 free pap smear tests and 5,000 free mammography screenings, alongside clinical breast examinations, cervical cancer screening, and lifestyle counselling for underprivileged women and Ayushman Bharat beneficiaries. He also mentioned the introduction of a mobile diagnostic unit providing mammograms and laboratory tests to underserved areas in Delhi.
Time of India
12-06-2025
- Health
- Time of India
Hospital launches advanced 3D mammography system
New Delhi: Dharamshila Narayana Superspeciality Hospital launched an advanced 3D mammography system on Thursday to commemorate the Cancer Survivor Month. During the inauguration ceremony, attended by chief minister Rekha Gupta as the chief guest, the hospital launched a comprehensive free women's health cancer screening programme and implemented the Ayushman Bharat scheme. The newly installed 3D mammography equipment provides accurate, efficient breast screenings with minimal radiation exposure. This technology enables early detection of abnormalities, making cancer screening accessible to women across economic sections, thereby reducing instances of late-stage breast cancer diagnoses. During the mammography unit launch, the chief minister said that "this unit is specially designed for the early detection of breast cancer in women, enabling timely treatment. Equipped with fully digital technology, the unit ensures quick and accurate diagnosis using the latest medical equipment." She added that "cancer is a disease that causes emotional turmoil for entire families when it strikes. However, advancements in medical science today have made early detection and effective treatment possible. " Speaking at the event, Dr Emmanuel Rupert, managing director and Group CEO of Narayana Health, explained the significance of the new initiatives. He outlined the screening programme offering 5,000 free pap smear tests and 5,000 free mammography screenings, alongside clinical breast examinations, cervical cancer screening, and lifestyle counselling for underprivileged women and Ayushman Bharat beneficiaries. He also mentioned the introduction of a mobile diagnostic unit providing mammograms and laboratory tests to underserved areas in Delhi. TNN Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
Business Standard
26-05-2025
- Business
- Business Standard
Narayana Hrudayalaya surges after Q4 PAT rises 3% YoY to Rs 197 cr
Narayana Hrudayalaya rallied 8.44% to Rs 1,870 after the company reported a 3.41% rise in consolidated net profit to Rs 197.21 crore on an 18.39% increase in revenue from operations to Rs 1,475.44 crore in Q4 FY25 over Q4 FY24. Profit before tax stood at Rs 253.02 crore during the quarter, registering a growth of 13.86% from Rs 222.22 crore reported in Q4 FY24. India's revenue stood at Rs 1,108.8 crore, up 10.66% year-on-year (YoY), while revenue from the Cayman Islands was Rs 379.7 crore, up 50.2% YoY. Consolidated EBITDA grew by 22.17% to Rs 384.6 crore in the March 2025 quarter from Rs 314.8 crore in Q4 FY24. EBITDA margin improved to 26.1% in Q4 FY25 as against 25.3% in Q4 FY24. On the margins front, the company's operating margin reduced to 24.25% in Q4 FY25, compared with 23.02% recorded in Q4 FY24. Net profit margin declined to 13.30% in Q4 FY25 from 14.91% registered in Q4 FY24. As of March 31, 2025, the companys total borrowings, net of cash, bank balances, and current investments, stood at Rs 533 crore. The net debt-to-equity ratio was at 0.15, with foreign currency-denominated debt amounting to $86.8 million. On a full-year basis, the company's net profit rose 0.11% to Rs 790.16 crore on a 12.12% rise in revenue to Rs 5,482.98 crore in FY25 over FY24. Dr. Emmanuel Rupert, managing director and group CEO, Narayana Hrudayalaya, said, The current financial year demonstrated strong performance across our units, both domestic and international; we are pleased to report the highest-ever revenues and profitability margins on both a quarterly and an annual basis at the consolidated level. The performance improvement in India units has been driven by domestic volume pickup, increased realizations, and optimization in payor categories. While our flagships continue to contribute significantly, our Southern Peripheral and North units have shown significant growth this year, and we hope to build on the momentum going forward. The new hospital in Camana Bay is fully functional and is contributing meaningfully to the overall Cayman business. We are excited about the traction in the new hospital and are confident that the region will deliver strong growth going forward. The integrated care business is picking up well, with our new clinics garnering sizeable footfalls. We will continue to invest in this business and are optimistic that it will be a significant driver of growth for the overall NH ecosystem. We thank the investor community for their faith in us and remain confident of delivering on expectations for the upcoming year. Meanwhile, the board has recommended a final dividend of Rs 4.50 per equity share for the financial year ended March 31, 2025. The record date for determining eligible shareholders has been set as Friday, 1 August 2025. Additionally, the board approved a proposal to seek shareholder approval via special resolution to raise up to Rs 1,500 crore in a financial year through the issuance of debt securities, including non-convertible debentures (NCDs), in one or more tranches on a private placement basis. The securities may be denominated in Indian rupees or foreign currency. Narayana Hrudayalaya is one of the leading healthcare service providers in India, operating a chain of multispecialty, tertiary, and primary healthcare facilities. The company has a network of 18 hospitals and 2 heart centers across India, along with an overseas presence in the Cayman Islands, with over 5,550 operational beds and a capacity of over 5,900 beds.
