Narayana Hrudayalaya

Narayana Hrudayalaya's quarterly results showed mixed performance across operations. India operations demonstrated improvement with expanded EBITDA margins driven by better payor mix, higher value procedures, and price increases. The company's Average Length of Stay decreased from 4.5 to 4.3 days. Cayman Islands operations generated $45 million in revenue but faced challenges with EBITDA declining by INR 20-25 crores sequentially due to margin dilution from the new Integrated Care business. The new hospital ramp-up continues with all services now activated. Government schemes represented 19% of the patient mix, while Bangladesh revenue dropped 50% year-over-year. The company's insurance business maintained flat Gross Written Premium covering 6,000 policyholders. Oncology operations are growing with management targeting 20-25% of total revenue within five years. Narayana Hrudayalaya announced expansion plans including new hospitals in Bangalore, Kolkata, and Raipur by FY27-28, supported by INR 3,000 crores in capex. Digital transformation initiatives include paperless hospitals and improved ICU systems. The Integrated Care model is expected to reach breakeven in 1-2 years, while new insurance and clinic businesses remain in investment phase with initial losses.

Narayana Hrudayalaya Limited submitted a revised investor presentation for the quarter ended June 30, 2025. The healthcare company reported consolidated operating revenues of ₹15,073 million in Q1 FY26, representing a 15.4% year-over-year increase and 2.2% quarter-over-quarter growth. The company achieved consolidated EBITDA of ₹3,607 million with a margin of 23.9% and consolidated profit after tax of ₹1,961 million with a margin of 13.0%. The company operates 40 healthcare facilities with 5,563 operational beds across India and Cayman Islands, including 18 owned/operated hospitals, 2 heart centers, and 18 clinics. Net debt to equity ratio stands at 0.09 with total borrowings less cash and investments of ₹3,430 million as of June 30, 2025. The company has expansion plans targeting over 7,600 bed capacity with multiple projects in progress across Bangalore, Kolkata, and Raipur.

Narayana Health achieved double-digit growth in Q1 FY26 while maintaining strong business momentum. The healthcare company is implementing strategic capital expenditure initiatives and pursuing deep technology-led transformation. The company is focusing on scalable healthcare expansion with an emphasis on ESG-driven operations.