Jupiter Q4 PAT Rises 12%; Board Approves Split
Jupiter Life Line Hospitals announced its Q4 and FY26 results, reporting a consolidated net profit of Rs 50.27 cr for the quarter and Rs 194.19 cr for the full year. The board declared an interim dividend of Rs 1 per share with a record date of May 22, 2026, and approved a stock split dividing Rs 10 face value shares into five Rs 2 shares. The company also highlighted the operationalisation of its Dombivli hospital and ongoing expansion plans targeting 2,900 beds.

*this image is generated using AI for illustrative purposes only.
Jupiter Life Line Hospitals Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a consolidated net profit of Rs 50.27 cr for Q4FY26, an increase of 11.5% year-on-year from Rs 45.28 cr in the previous year. For the full year FY26, the consolidated net profit stood at Rs 194.19 cr, compared to Rs 193.75 cr in FY25. Total income for the year rose to Rs 1,542.16 cr from Rs 1,330.75 cr in the previous year.
Board Decisions
The Board of Directors, in its meeting held on May 15, 2026, approved several key proposals. The board declared an interim dividend of Rs 1 per equity share of Rs 10 each for FY26. The record date for determining eligibility is May 22, 2026, and the dividend will be paid on or before June 13, 2026.
Additionally, the board approved the sub-division of each existing equity share of face value Rs 10 into five equity shares of face value Rs 2 each. This move aims to enhance liquidity and make shares more affordable. The alteration of the capital clause of the Memorandum of Association was also approved to give effect to this split.
Financial Performance
The company delivered steady growth across key operational metrics. Consolidated revenue from operations for Q4FY26 increased by 15.1% to Rs 387.84 cr, while full-year revenue grew by 15.3% to Rs 1,435.60 cr. EBITDA for the quarter stood at Rs 89.20 cr, with an EBITDA margin of 23.0%. For the full year, EBITDA was Rs 343.30 cr, with a margin of 22.9%.
| Metric | Q4FY26 | Q4FY25 | YoY | FY26 | FY25 | YoY |
|---|---|---|---|---|---|---|
| Revenue from Operations | Rs 387.84 cr | Rs 336.66 cr | 15.1% | Rs 1,435.60 cr | Rs 1,245.40 cr | 15.3% |
| Total Income | Rs 396.99 cr | Rs 343.54 cr | 15.6% | Rs 1,542.16 cr | Rs 1,330.75 cr | 15.9% |
| EBITDA | Rs 89.20 cr | Rs 79.40 cr | 12.3% | Rs 343.30 cr | Rs 300.10 cr | 14.4% |
| PAT | Rs 50.27 cr | Rs 45.28 cr | 11.5% | Rs 194.19 cr | Rs 193.75 cr | 0.2% |
| Basic EPS | Rs 7.66 | Rs 6.89 | — | Rs 29.59 | Rs 29.47 | — |
Operational Highlights
FY26 operating metrics reflected the company's expansion efforts. Total operational beds increased to 1,248 from 1,061 in the previous year. The average occupancy rate was 61.2% (62.3% excluding the ramp-up Dombivli hospital). Patient volumes grew, with total volume reaching 1,076.4 thousand compared to 979.3 thousand in FY25. The Average Revenue Per Occupied Bed (ARPOB) improved to Rs 67,700 from Rs 60,600.
Expansion and Management
The company continues to expand its footprint, targeting a total bed capacity of 2,900. The Dombivli hospital, with a capacity of 500 beds, was operationalised on February 25, 2026, ahead of schedule. Other projects include the Pune II (500 beds), Mira-Bhayandar (300 beds), and BKC (400 beds) facilities. Dr. Ankit Thakker, JMD & CEO, noted that FY26 was a landmark year marked by the acquisition of land at BKC and the early commissioning of the Dombivli hospital.
How quickly could the Dombivli hospital reach breakeven occupancy levels, and what timeline is management targeting for it to turn EBITDA-positive given the current ~200 operational beds and ongoing ramp-up losses?
With non-current borrowings rising sharply to Rs 500.9 cr and significant capex planned for BKC, Pune II, and Mira-Bhayandar, how will Jupiter Life Line manage its debt-to-equity ratio and interest coverage as financing costs continue to pressure PAT margins?
Could the 1:5 share split, combined with the expansion pipeline targeting 2,900 beds, attract increased institutional and retail investor participation, and how might this influence the stock's liquidity and valuation multiples?

































