Rainbow Children's Medicare FY2026 Annual Report: Revenue Rises 12.4%, PAT Up 15.3%
Rainbow Children's Medicare released its FY2026 Integrated Annual Report, reporting record consolidated revenue of ₹17,030.77 million (+12.35%), EBITDA of ₹5,441.67 million (+11.08%), and PAT of ₹2,815.44 million (+15.28%). The company added 440 beds, completed two strategic acquisitions, and recommended a final dividend of ₹3.50 per share, with the 28th AGM scheduled for July 29, 2026.

*this image is generated using AI for illustrative purposes only.
Rainbow Children's Medicare has released its Integrated Annual Report for FY2025-26, providing shareholders access via its official investor relations portal. The report covers the period from April 1, 2025 to March 31, 2026 and was approved by the Board of Directors on May 23, 2026. Company Secretary and Compliance Officer Shreya Mitra signed the related intimation on July 4, 2026, in compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders without registered email addresses can access the report through the company's official web link.
Report Access Details
Shareholders can access the Integrated Annual Report for FY2025-26 through the following official channel:
| Access Method: | Details |
|---|---|
| Web-link: | https://www.rainbowhospitals.in/investors-relations/annual-reports |
| Registrar: | M/s. Kfin Technologies Limited |
| Registered Office: | 8-2-120/103/1, Survey No. 403, Road No. 2, Banjara Hills, Hyderabad-500034, Telangana |
Financial Performance
FY2026 marked a strong financial year for Rainbow Children's Medicare, with the company delivering its highest-ever revenue, EBITDA, and PAT on a consolidated basis. The following table summarises the key consolidated financial metrics:
| Metric: | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Revenue (₹ million): | 17,031 | 15,159 | 12,969 |
| EBITDA (₹ million): | 5,442 | 4,899 | 4,289 |
| PAT (₹ million): | 2,815 | 2,442 | 2,183 |
| EBITDA Margin (%): | 32.00 | 32.30 | 33.10 |
| PAT Margin (%): | 16.50 | 16.10 | 16.80 |
| ROCE (%): | 26.07 | 26.95 | 27.60 |
| ROE (%): | 18.07 | 17.85 | 18.70 |
| Dividend per Share (₹): | 3.50* | 3.00 | 3.00 |
*Subject to shareholder approval at the ensuing AGM.
Revenue grew 12.35% to ₹17,030.77 million, driven by a 6.22% rise in inpatient volumes, a 12.07% increase in outpatient volumes, and an 11.45% increase in Average Revenue per Occupied Bed (ARPOB). EBITDA grew 11.08% to ₹5,441.67 million, while consolidated net profit after tax rose 15.28% to ₹2,815.44 million. On a standalone basis, income rose 5.70% to ₹15,891.14 million and net profit after tax grew 5.23% to ₹2,500.16 million.
Operational Highlights
FY2026 was a landmark year for network expansion. Rainbow added 440 capacity beds — the highest annual addition in its history — taking total bed capacity to 2,375 (excluding the 60-bed HRBR hospital in Bengaluru, which commenced operations on May 1, 2026). Key operational metrics are presented below:
| Metric: | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Bed Capacity (Nos.): | 2,375 | 1,935 | 1,677 |
| Operational Beds (Nos.): | 1,523 | 1,324 | — |
| Occupancy Rate (%): | 50.50 | 47.90 | 46.30 |
| In-patient Admissions (Nos.): | 104,514 | 98,395 | 87,736 |
| Out-patient Consultations (Nos.): | 1,598,970 | 1,426,733 | 1,277,087 |
| ARPOB (₹ per day): | 60,141 | 55,853 | 53,962 |
| Average Length of Stay (Days): | 2.80 | 2.70 | 2.60 |
| Pediatric Surgeries (Nos.): | 7,324 | 7,239 | 7,088 |
| Gynecology Surgeries (Nos.): | 10,140 | 8,435 | 7,579 |
The company also completed two strategic acquisitions during the year: Prashanthi Medicare Private Limited (Warangal, Telangana; 100 beds; effective July 1, 2025) for approximately ₹33 crores, and Pratiksha Women & Child Care Hospital Private Limited (Guwahati, Northeast; 150 beds; effective August 18, 2025) for approximately ₹171 crores. These acquisitions contributed ₹191.52 million and ₹648.70 million to consolidated revenue, respectively.
Capital Allocation and Balance Sheet
As of March 31, 2026, cash, cash equivalents, fixed deposits, and mutual fund investments stood at ₹5,942 million. Capital expenditure during FY2026 amounted to ₹2,170 million, directed towards expanding and strengthening capabilities across existing and upcoming hospitals. The company's net block of assets grew by ₹791.51 million to ₹8,924.33 million, while capital work-in-progress stood at ₹757.51 million, linked to upcoming projects in Gurugram, Pune, and Hennur.
| Capital Metric: | Details |
|---|---|
| Cash & Equivalents (₹ million): | 5,942 |
| Capital Expenditure FY2026 (₹ million): | 2,170 |
| Net Block of Assets (₹ million): | 8,924.33 |
| Capital Work-in-Progress (₹ million): | 757.51 |
| ICRA Credit Rating: | [ICRA]AA (Stable) |
The Board has recommended a final dividend of ₹3.50 per equity share of face value ₹10 each (35% of face value) for FY2025-26, subject to shareholder approval at the 28th Annual General Meeting scheduled for July 29, 2026. The record date for dividend entitlement has been fixed as July 21, 2026.
Network Expansion and Strategic Outlook
Rainbow's network as of March 31, 2026, spans 24 hospitals and 5 clinics across 9 cities, with a strong hub-and-spoke model anchoring specialized pediatric and perinatal care. Key upcoming projects include a regional hub hospital in Coimbatore (approximately 130 beds, expected H2 FY2028), hub and spoke hospitals in Gurugram (approximately 325 beds and 125 beds respectively), and a regional hub hospital in Pune (approximately 150 beds). The company aims to add over 2,500 beds over the next five years, targeting a network of approximately 5,000 beds with an investment of around ₹2,200 crore.
As of March 31, 2026, the company employed 6,397 permanent and contract staff, with women constituting 62% of the total workforce. The Board also noted that the company's ESOP Scheme 2025 was implemented during the year, with 246,470 stock options granted across three tranches.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE961O01016/4e1945aa-555d-4287-ab65-8fa14c169615.pdf
Historical Stock Returns for Rainbow Childrens Medicare
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.52% | +4.16% | +10.30% | +15.56% | -3.84% | +229.08% |
How will the recent significant capital expenditures and the planned ₹2,200 crore investment impact the company's free cash flow and debt levels over the next five years?
With the occupancy rate rising to 50.50% alongside the addition of 440 beds, what is the expected timeline for these new assets to reach full operational efficiency and stabilize EBITDA margins?
Given the geographic expansion into new regions like the Northeast and North India, what strategies will be employed to replicate the hub-and-spoke success seen in existing markets?































