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Time of India

Max Healthcare Q4 Results: Revenue rises 29%, PAT at Rs 376 crore

Max Healthcare Institute Ltd (MHIL) on Tuesday reported network gross revenue at Rs 2,429 crore in the fourth quarter ended March, up 29% from a year ago. The share of revenue from new units stood at 15% compared to 2% in Q4 FY24, the company said in a press release. Profit after tax (PAT) for the quarter stood at Rs 376 crores compared to Rs 311 crore in Q4 FY24. Network operating EBITDA was Rs 632 crore, reflecting a growth of 26% YoY and 2% QoQ. EBITDA margin for the network stood at 27.2% compared to 28.0% in Q4 FY24 and 27.3% in Q3 FY25. Excluding Max Dwarka – a 303 bedded greenfield hospital which started its operations in July 2024, the EBITDA margin was 28.1% Overall EBITDA per bed was Rs 73.9 lakhs compared to Rs 76.0 lakhs in Q4 FY24. Excluding Max Dwarka, which is in its third quarter of operations, EBITDA per bed stood at Rs 77.6 lakhs. Live Events 'We took significant strategic steps in Q4 to position the company for long-term growth, including corporate actions and two M&A transactions,' said Abhay Soi, Chairman and Managing Director, Max Healthcare Institute Ltd. 'We completed the acquisition of land adjoining MSSH, Vaishali, paving the way for a brownfield expansion in this very busy hospital. 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,' he added. In March, the company executed a long-term service agreement with the Bharat Prakritik Chikitsa Mission for the establishment of a 200 beds hospital in Pitampura in Delhi. The upcoming facility will provide tertiary care services, including radiation oncology and organ transplantation. Construction of the hospital is expected to be completed within the next 3 to 4 years. In May, Max Super Specialty Hospital, Vaishali (MSSH, Vaishali) executed a sale deed for the purchase of a land parcel of one acre, along with the building thereon. The property adjoins the existing hospital premises and will enable brownfield expansion of the hospital's capacity from 387 beds to 527 beds, within the next 30 months. For the year ended March, the company's network gross revenue stood at Rs 9,065 Cr representing a growth of 26% over the corresponding period last fiscal.