Latest news with #MaxHealthcareInstituteLtd
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
&w=3840&q=100)
Business Standard
20-05-2025
- Business
- Business Standard
Max Healthcare Q4 results: Profit rises 27% at ₹319 cr, dividend declared
Max Healthcare on Tuesday announced a consolidated net profit of ₹319 crore for the quarter ended March 31, 2025 (Q4 FY25), marking a 26.8 per cent increase compared to ₹251.54 crore reported in the same quarter last year (Q4 FY24). Sequentially, the profit rose 33.6 per cent from ₹238.8 crore recorded in Q3 FY25. The company's consolidated revenue from operations stood at ₹1,956.86 crore in Q4 FY25, up 33.4 per cent from ₹1,467.02 crore in Q4 FY24. On a sequential basis, revenue rose 2.9 per cent from ₹1,901.51 crore in Q3 FY25. 'We are proud to report the 18th consecutive quarter of year-on-year growth in both Revenue and Operating EBITDA — a testament to the strength of our operating model, the trust of our patients, and the relentless efforts of our teams,' said Abhay Soi, chairman and MD, Max Healthcare Institute Ltd. 'We also took significant strategic steps in Q4 to position the company for long-term growth, including corporate actions and two M&A transactions. Notably, 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,' Soi said. Max Healthcare FY25 results For the entire year, Max Healthcare reported a consolidated net profit of ₹1,075.88 crore, marking a modest increase from ₹1,057.64 crore in FY24. Meanwhile, the company's revenue from operations for FY25 rose significantly to ₹7,028.46 crore, up 30 per cent from ₹5,406.02 crore in the previous fiscal year. Dividend announced Meanwhile, the board of directors of the company recommended a dividend of ₹1.5 per share for the financial year 2024-25, subject to the approval of shareholders. Shares of Max Healthcare were last traded at ₹1165.30 apiece on the BSE at the closing of the market. Max Healthcare Q4 highlights Profit: ₹319 crore Revenue: ₹1,956.86 crore EPS: ₹3.28 (basic), ₹3.26 (diluted) Max Healthcare FY highlights: Profit: ₹1,075.88 crore Revenue: ₹7,028.46 crore EPS: ₹11.07 (basic), ₹11.01 (diluted)
Time of India
20-05-2025
- Business
- 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.
Hans India
30-04-2025
- Business
- Hans India
Max healthcare plans Rs 6K-cr expansion by 2028
New Delhi: Max Healthcare Institute Ltd will invest Rs 6,000 crore by 2028 to add 3,700 beds across key locations in India, its Chairman and Managing Director Abhay Soi said on Tuesday. Max Healthcare, which operates 22 healthcare facilities with around 5,000 beds currently could have around 30 hospitals by 2028, Soi told. Speaking at the sidelines of the inauguration of Max Super Speciality Hospital, Dwarka, a 300-bed greenfield facility, he said the company will be 'reinvesting whatever we generate over the next 10 years to create healthcare assets'. 'This year alone, we are opening four (hospitals). This (Dwarka) was the first of the four,' Soi said. Max Healthcare plans to inaugurate three other hospitals in Mohali, Mumbai, and Saket, New Delhi later this year. The inauguration of the Dwarka hospital is a strategic step in Max Healthcare's broader expansion plan to add 3,700 beds across key locations in India by 2028, the company said. 'Some existing hospitals will be expanded and some new hospitals will come up,' he said, adding by 2028 Max Healthcare expects to have around 30 hospitals in total. When asked about investments for the overall expansion, Soi said, 'It will be about Rs 6,000 internally funding it. We will be reinvesting all our profits into only creating new hospital beds.' On whether the company will consider acquisitions in the future, Soi, 'We are opportunistic about it, as and when we get the opportunity, we will buy.'
&w=3840&q=100)
Business Standard
29-04-2025
- Business
- Business Standard
Max Healthcare Institute to invest Rs 6,000 cr to add 3,700 beds by 2028
Max Healthcare Institute Ltd will invest Rs 6,000 crore by 2028 to add 3,700 beds across key locations in India, its Chairman and Managing Director Abhay Soi said on Tuesday. Max Healthcare, which operates 22 healthcare facilities with around 5,000 beds currently could have around 30 hospitals by 2028, Soi told PTI. Speaking at the sidelines of the inauguration of Max Super Speciality Hospital, Dwarka, a 300-bed greenfield facility, he said the company will be "reinvesting whatever we generate over the next 10 years to create healthcare assets". "This year alone, we are opening four (hospitals). This (Dwarka) was the first of the four," Soi said. Max Healthcare plans to inaugurate three other hospitals in Mohali, Mumbai, and Saket, New Delhi later this year. The inauguration of the Dwarka hospital is a strategic step in Max Healthcare's broader expansion plan to add 3,700 beds across key locations in India by 2028, the company said. "Some existing hospitals will be expanded and some new hospitals will come up," he said, adding by 2028 Max Healthcare expects to have around 30 hospitals in total. When asked about investments for the overall expansion, Soi said, "It will be about Rs 6,000 internally funding it. We will be reinvesting all our profits into only creating new hospital beds." On whether the company will consider acquisitions in the future, Soi, "We are opportunistic about it, as and when we get the opportunity, we will buy." The budget for acquisition will be over and above the investment earmarked for organic expansion, he added. The new facility at Dwarka houses over 120 critical care beds, 10 modular operation theatres, and advanced Cath Labs. It also offers advanced tertiary and quaternary care across key specialties, including cardiac sciences, oncology, renal sciences, neurosciences, robotic surgery, pediatrics, and organ transplants. Soi said Delhi-NCR is a critical hub for advanced medical care, and Dwarka, given its strong connectivity to multiple parts of Delhi, is perfectly positioned to meet the region's growing healthcare needs. "As a greenfield venture, this facility reflects our intent to expand meaningfully by building high-quality infrastructure in locations that improve accessibility," he noted. (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.)
