Artemis Medicare Services Limited has announced an ambitious expansion strategy, aiming to increase its bed capacity to over 1,100 by FY26. The healthcare provider plans to add two new hospitals to its portfolio, significantly boosting its presence in key markets.

Expansion Plans

The company's growth strategy includes:

1. A 300-bed hospital in Raipur
2. A 550-bed hospital in South Delhi

These additions will substantially increase Artemis Medicare's footprint in both tier-2 cities and the lucrative Delhi-NCR market. The expansion also aligns with the company's vision to enter international markets, enhancing its global presence.

Q1 Financial Highlights

Artemis Medicare has reported robust financial results for the first quarter:

• Average Revenue Per Occupied Bed (ARPOB): Reached ₹83,900, marking a significant improvement in revenue generation per patient.
• Profit After Tax (PAT): Grew by 28% compared to the same quarter last year, indicating strong bottom-line performance.
• Gross Revenue: Increased to ₹2,681.00 crore, up 14.4% year-on-year.
• EBITDA: Rose to ₹483.00 crore, showing a 19.1% growth from the corresponding quarter of the previous year.
• EBITDA Margin: Improved to 19.0% from 18.2% in the corresponding quarter of the previous year.

Operational Performance

The company's operational metrics show positive trends:

Strategic Initiatives

Artemis Medicare is focusing on several strategic initiatives to drive growth:

1. Capacity Enhancement: The company has opened a third tower at its Gurugram facility, increasing capacity to over 700 beds.
2. Super Specialty Expansion: Plans are underway to strengthen the super specialty segment across various locations.
3. Asset-Light Model: The company is emphasizing an asset-light approach for sustainable growth.
4. International Expansion: Artemis is operating its first international hospital in Curepipe, with plans for further global expansion.

Management Commentary

Dr. Devlina Chakravarty, Managing Director of Artemis Medicare, commented on the company's performance: "We are pleased to announce a strong start to the fiscal year, with Q1 delivering consistent growth and resilient operational performance despite being a seasonally soft quarter. Our continued focus on cost optimization, operational efficiency, and disciplined execution has enabled us to maintain healthy profitability and margins."

The company's expansion plans and strong financial performance indicate its commitment to growth and improving healthcare accessibility across India and beyond. As Artemis Medicare continues to execute its strategic initiatives, it aims to solidify its position as a leading healthcare provider in the country.

Artemis Medicare Services Limited, a leading healthcare provider, has announced robust financial results for the first quarter, along with details on the utilization of proceeds from its recent debenture issue.

Strong Financial Performance

For the quarter ended June 30, Artemis Medicare Services reported:

• Consolidated gross revenue of Rs 2,681.00 crore, up 14.40% year-over-year
• Net revenue from operations increased by 14.20% to Rs 2,550.00 crore
• EBITDA rose by 19.10% to Rs 483.00 crore, with a margin of 19.00%
• Net profit grew by 28.20% to Rs 212.00 crore

The company's flagship hospital in Gurgaon showed impressive metrics:

• Average gross revenue per occupied bed (ARPOB) reached Rs 83,900.00
• Net revenue from operations increased by 16.00% to Rs 2,412.00 crore
• Bed capacity utilization stood at 61.20%
• Revenues from overseas patients surged by 31.40% to Rs 704.00 crore, contributing 29.00% to net revenue

Debenture Issue Utilization

Artemis Medicare Services also reported on the utilization of proceeds from its Rs 330.00 crore Preferential Issue of Compulsorily Convertible Debentures:

The unutilized funds have been deployed in fixed deposits across various banks, earning returns between 5.75% to 7.30%. The monitoring report, issued by CARE Ratings Limited, confirmed no deviations from the disclosed objectives.

Strategic Developments

Chairman Onkar Kanwar highlighted several key developments:

• Addition of new beds at the flagship hospital's third tower
• Signing of a binding MoU with Dr. Vidya Sagar Kaushalya Devi Memorial Health Centre for a proposed Medical Services Agreement
• Launch of India's first private Geriatrics & Longevity Department
• Partnership with KIMS, Hyderabad for heart-lung transplants

Outlook

Kanwar expressed confidence in the company's growth trajectory, stating, "We remain focused on sustainable growth through operational excellence, geographic expansion and strategic partnerships, as we continue building Artemis into one of India's most trusted healthcare brands."

The company's strong performance, strategic initiatives, and prudent utilization of funds position Artemis Medicare Services for continued growth in the healthcare sector.