Narayana Hrudayalaya reported a 16.7% increase in standalone net profit to ₹5,031.13 million for the financial year ended March 31, 2026, driven by higher operational income. Revenue from operations rose 10.7% to ₹39,751.41 million from ₹35,901.22 million in the previous year. The company’s earnings before depreciation, amortisation, finance costs, and exceptional items (EBITDA) stood at ₹10,158.82 million for the year.

The board of directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 22, 2026. Statutory auditors M/s. Deloitte Haskins & Sells LLP issued an unmodified opinion on the financial results. The company also declared a final dividend of ₹4.50 per equity share of ₹10 each for FY26, subject to shareholder approval at the upcoming Annual General Meeting. The record date to determine shareholder eligibility for the dividend has been fixed as July 17, 2026.

For the quarter ended March 31, 2026, standalone net profit increased to ₹2,021.25 million from ₹1,599.76 million in the corresponding period of the previous year. Revenue from operations for the quarter was ₹10,440.50 million, compared to ₹9,190.27 million in Q4 FY25. Total income for the quarter stood at ₹11,711.09 million.

Key Financial Metrics (Standalone)

The board resolved to seek shareholder approval via special resolution to issue debt securities, including non-convertible debentures (NCDs), for an amount not exceeding ₹1,500 crore in a financial year. The issuance may be done in one or more tranches, denominated in Indian Rupees or foreign currency, on a private placement basis.

On the corporate governance front, the board approved the re-appointment of Ms. Terri Smith Bresenham as an Independent Director for a second term of five consecutive years commencing from August 5, 2026, subject to shareholder approval. The 26th Annual General Meeting of the company is scheduled to be held on August 14, 2026, via video conferencing.

Narayana Hrudayalaya Limited has established a July 24, 2026, deadline for shareholders to submit necessary declarations for the Tax Deducted at Source (TDS) on the recommended dividend of ₹4.50 per equity share for the financial year ended March 31, 2026. The dividend, subject to approval at the Annual General Meeting on August 14, 2026, will be paid after deducting tax at source under the Income Tax Act, 2025. Shareholders holding shares as on the record date of July 17, 2026, must ensure their PAN, residential status, and bank details are updated to avoid higher tax deduction.

The Board of Directors approved the recommendation at its meeting held on May 22, 2026. The company will rely on data provided by National Securities Depository Limited (NSDL), Central Depository Services Limited (CDSL), and the Registrar and Share Transfer Agent, KFin Technologies Limited, as on the record date to determine the applicable TDS rates. Shareholders are required to submit self-declarations and supporting documents via the KFin Technologies weblink or email to claim exemptions or lower rates.

TDS Rates for Resident Shareholders

The applicable TDS rate for resident shareholders is 10% if a valid PAN is registered with the depository or Registrar and Share Transfer Agent. This rate increases to 20% if the PAN is invalid, not available, or deemed inoperative due to non-linkage with Aadhaar. No TDS will be deducted for resident individuals if the dividend amount does not exceed ₹10,000 in a financial year or if a valid Form 121 is submitted along with a self-attested copy of the PAN card.

Specified resident non-individual shareholders, such as insurance companies, mutual funds, and Category I or II Alternative Investment Funds, may avail of nil or lower TDS by submitting prescribed declarations and self-attested registration certificates.

Provisions for Non-Resident Shareholders

Non-resident shareholders, including Foreign Portfolio Investors, face a default TDS rate of 20% plus applicable surcharge and cess. However, they can opt for lower rates under the Double Tax Avoidance Agreement (DTAA) by submitting a valid Tax Residency Certificate (TRC) for FY 2026-27 or relevant calendar years, self-declaration in Form 41, and a self-attested copy of their PAN card. The TRC must be in English or translated, notarized, and apostilled if originally in another language.

The company has clarified that the application of beneficial DTAA rates depends on the satisfactory review of submitted documents. In the absence of the required documentation, the company is obligated to deduct tax at the higher default rate, and no claims for revision of the TDS return will be entertained.

Compliance and Documentation

Shareholders must update their category, residential status, and KYC details by submitting Form ISR-1 to the Registrar and Share Transfer Agent. For those claiming exemptions, forms such as Form 41, Form 121, ISR-1, and declarations under Rule 203 and Rule 217 must be submitted by the deadline. Incomplete or unsigned forms will not be considered.

The company will email the TDS certificate to the registered email ID within the prescribed time post-payment. Shareholders can view the tax credit in Form 168 on the income tax website.