Park Medi World subsidiary Umkal Health Care Private Limited has approved a 100-bed expansion of its existing Park Hospital in Palam Vihar, Gurugram. The project, branded as Park Hospital Platinum, is scheduled to commence operations in November 2026 and will require an investment of ~INR 25 crores. This expansion increases the group's consolidated bed capacity across Gurugram to 750 beds, addressing the region's demand for advanced healthcare services.

The Palam Vihar facility currently operates 225 beds with an occupancy of ~86% for the financial year ended March 31, 2026. The new capacity will be funded through internal accruals of Umkal Health Care Private Limited. The expansion aims to bolster super-specialty capabilities, focusing on high-acuity disciplines to provide comprehensive tertiary care.

Expansion Details

The following table outlines the key particulars of the capacity addition:

Dr. Ankit Gupta, Managing Director, Park Medi World Limited, stated that the boutique healthcare facility combines advanced clinical excellence with an elevated patient experience. He noted that the increased capacity reinforces the group's commitment to comprehensive super-specialty care.

Park Group currently operates 16 hospitals with a combined capacity of 3,960 beds. The group is integrating four additional hospitals and expanding capacity at two existing units, which are expected to add 1,630 beds to the network. With these developments, the total capacity is projected to reach 5,590 beds by March 2028.

Park Medi World reported a consolidated net profit of ₹2,735.57 million for the financial year ended March 31, 2026, representing a 27% increase from ₹2,154.41 million in the previous year. Revenue from operations rose 20.5% to ₹16,793.56 million from ₹13,935.70 million in FY25, bolstered by the inclusion of newly acquired subsidiaries and the expansion of healthcare services. The board approved the audited financial results at its meeting held on May 12, 2026.

The company's standalone net profit for FY26 stood at ₹366.16 million, a significant rise from ₹71.80 million in the prior year. Standalone revenue from operations increased to ₹1,289.65 million from ₹915.82 million. The earnings per share (EPS) for the year on a consolidated basis was ₹6.87, compared to ₹5.60 in the previous year.

Financial Performance

The growth in consolidated profitability was supported by a 24.1% increase in total income, which reached ₹17,109.65 million. Total expenses for the year amounted to ₹13,563.81 million, up from ₹11,403.11 million in FY25. The profit before tax for the year was ₹3,545.84 million, compared to ₹2,856.70 million in the previous year.

Acquisitions and Expansion

During the year, the company completed several strategic acquisitions to expand its footprint. It acquired 100% shareholding in K P S Wellness Private Limited for ₹1,500 million and SVPD Healthcare Private Limited for ₹950 million. Additionally, it acquired Krishna Super-Speciality Hospital for ₹400 million. These acquisitions added significant bed capacity and specialized healthcare facilities to the company's network. The company also commenced operations of a new 350-bedded multi-super specialty hospital in Panchkula on April 10, 2026.

Capital Allocation and IPO Proceeds

The company successfully completed its initial public offering (IPO) in December 2025, issuing 56,790,123 equity shares at an issue price of ₹162 per share. The total IPO proceeds of ₹7,700 million were utilized for debt repayment, capital expenditure, and inorganic acquisitions. As of March 31, 2026, the company had utilized ₹7,023.02 million of the proceeds, with ₹676.98 million pending for utilization primarily for capital expenditure projects.

Agiwal & Associates, Chartered Accountants, audited the standalone and consolidated annual financial results and issued an unmodified opinion, confirming that the results give a true and fair view of the company's financial position.