Global Health Limited , operating under the Medanta brand, has reported robust financial performance for Q2, with significant growth in revenue and profitability. The company also announced major expansion plans, including the launch of a new hospital in Noida and plans for a larger facility in Mumbai.

Financial Highlights

Global Health reported consolidated total income of INR 11,189.00 million in Q2, representing a 14.8% year-on-year increase and a 6.4% quarter-on-quarter growth. The company's EBITDA, excluding the Noida facility, grew by 13.7% year-on-year to INR 2,804.00 million, with margins of 25.2%. Net profit saw a substantial increase of 21.1% year-on-year, reaching INR 1,584.00 million.

New Noida Hospital

Global Health launched a new 550-bed super specialty hospital in Noida, strengthening its presence in the Delhi/NCR region. During its initial operations, the Noida facility generated revenue of INR 39.00 million but recorded an EBITDA loss of INR 197.00 million.

Mumbai Hospital Expansion

The company has announced plans for a 750-bed hospital in Mumbai, increasing the capacity from the initially proposed 500 beds. The estimated project cost for this facility has been revised to INR 15,300.00 million, up from the earlier estimate of INR 12,000.00 million.

Operational Expansion

Global Health continues to expand its operations:

• Added 37 new beds at its Patna facility during the quarter
• Onboarded over 200 doctors across its network
• Increased international patient revenue by 48.5% year-on-year to INR 762.00 million

Future Growth Plans

The company is actively pursuing expansion opportunities:

• Acquired 3.5 acres of land in Guwahati for INR 600.00 million, indicating potential future development in the northeastern region of India
• Continued focus on increasing bed capacity and expanding geographical presence

Global Health's strong quarter performance, coupled with its strategic expansions, positions it well for continued growth in the healthcare sector. The company's focus on increasing bed capacity, expanding its geographical presence, and investing in its workforce reflects a comprehensive approach to sustainable growth in the competitive healthcare industry.

Global Health Limited , operating under the brand name Medanta, has initiated the construction of a new 400-bed super-specialty hospital in Guwahati, marking a significant expansion of healthcare services in Northeast India. The groundbreaking ceremony, known as 'Bhoomi Poojan', was attended by Assam Chief Minister Dr. Himanta Biswa Sarma and Dr. Naresh Trehan, Chairman & Managing Director of Medanta.

Project Details

The new facility, set to be built at an approximate cost of Rs 500.00 crore, will be located at Industrial Estate, Sarusajai, Guwahati, along National Highway 27. This strategic location is expected to serve as a healthcare hub for the entire Northeastern region.

Comprehensive Healthcare Services

The hospital aims to offer a wide range of tertiary and quaternary care services, including:

• Transplant programs (Kidney, Liver, Lung, Heart, Bone Marrow, and Robotic)
• Cardiology and Cardiac Surgery
• Neurology and Neurosurgery
• Oncology (Medical, Surgical, and Radiation)
• Orthopedics
• Gastroenterology and GI Surgery
• Nephrology and Urology
• Respiratory Medicine
• Critical Care and Emergency Services

Economic Impact

The project is expected to generate significant employment opportunities:

These jobs will span across healthcare, administration, and support services sectors.

Medanta's Expansion Strategy

This new hospital is part of Medanta's broader expansion plan. Currently, the company operates six hospitals with a total of 3,362 installed beds. Four additional hospitals, including the Guwahati facility, are in various stages of planning or construction, which will add approximately 2,000 more beds to their capacity.

Addressing Healthcare Gaps

Dr. Naresh Trehan emphasized the importance of this project, stating, "North East India is a region that has long been underserved with respect to heath care services. At Medanta, we believe that quality healthcare should be a right, not a privilege."

Mr. Pankaj Sahni, Group CEO of Medanta, added, "Our upcoming 400+ bed super-specialty hospital in Guwahati will allow us to bridge the healthcare gap to underserved areas in the Northeast and bring world-class, high-end medical care within easy reach of over 50 million people."

This development represents a significant step towards improving healthcare accessibility and quality in Northeast India, potentially transforming the region's medical landscape.