Latest news with #MaxHealthcareInstitute
Time of India
5 days ago
- Business
- Time of India
Max Healthcare to nearly double capacity to 9,500 beds by 2028 after strong quarterly growth
Max Healthcare Institute, India's largest healthcare chain by market cap, plans to nearly double its bed capacity to 9,500 in the next three years, Abhay Soi, chairman & managing director, told ET in an interaction on Wednesday. 'We increased our bed capacity by 35% from last year to 5,000. In the next 60 days, we will increase it to 6,000 through brownfield expansion. By 2028, it will go up to about 9,500,' said Soi. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program The company reported a 27% year-on-year growth in first quarter revenue to Rs 2,574 crore, led by an increase in occupied bed days (OBDs). Net profit for the quarter jumped 17% to Rs 345 crore, driven by higher occupancy and international patient inflow. Bed occupancy for the quarter was at 76%, with OBDs up by 26%. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologist Reveals: The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo Operating EBITDA rose 23% to Rs 613 crore, with margins at 24.9%. International patient revenue climbed 32% to Rs 208 crore, contributing about 9% of hospital revenue. During the quarter, the company completed a 160-bed tower at its Mohali hospital, signed a lease for a new 130-bed facility in Dehradun and agreed to sell two smaller hospitals in Bulandshahr and Anoopshahr for Rs 40 crore as part of its focus on super-specialty care in larger cities. Live Events Commenting on the growth levers, Soi said the biggest growth drivers today are the 'unsatiated' demand for quality healthcare and need for more capacity in the country, which will increase even further going ahead with an ageing population. 'Our sustained growth is a reflection of our strategy and execution capabilities,' said Soi. '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 optimising our service mix to ensure rapid and effective utilisation of the new capacities,' he added. Going ahead the company will focus on a combination of brownfield and greenfield expansion to widen its network and meet the rising need for quality healthcare, said Soi. Shares of Max Healthcare Institute closed 0.44% up at Rs 1,267.60 apiece on the BSE on Wednesday. The company announced the earnings during market hours.
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.
Business Standard
6 days ago
- Business
- Business Standard
Max Healthcare Institute consolidated net profit rises 30.35% in the June 2025 quarter
Sales rise 31.41% to Rs 2027.57 croreNet profit of Max Healthcare Institute rose 30.35% to Rs 307.97 crore in the quarter ended June 2025 as against Rs 236.27 crore during the previous quarter ended June 2024. Sales rose 31.41% to Rs 2027.57 crore in the quarter ended June 2025 as against Rs 1542.95 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 31 OPM %25.7925.11 -PBDT504.57398.21 27 PBT400.43321.31 25 NP307.97236.27 30 Powered by Capital Market - Live News
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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.
