GPT Healthcare Limited , a prominent healthcare provider in Eastern India, has reported a 9.5% year-on-year growth in revenue from operations, reaching INR107.00 crores for the first quarter of fiscal year 2026. The company's performance reflects its ongoing expansion efforts and strategic focus on serving underserved regions with quality healthcare services.

Financial Highlights

• Revenue from operations: INR107.00 crores (9.5% YoY growth)
• EBITDA: INR18.90 crores (17.9% margin)
• Profit After Tax: INR7.70 crores (7.7% margin)
• Network-wide bed occupancy: 42%
• Average Length of Stay (ALOS): Improved to 3.40 days from 3.54 days
• Average Revenue Per Occupied Bed (ARPOB): INR38,913.00

New Hospital in Raipur

A significant milestone in GPT Healthcare's expansion strategy was the commissioning of a new 158-bed facility in Raipur on May 2, 2025. This asset-light model hospital has increased the company's total bed capacity to 719 beds across five hospitals. Key points about the Raipur facility include:

• Achieved 7% occupancy in 1.5 months of operation
• ARPOB of INR39,180.00
• Offers advanced care across specialties including cardiac sciences, oncology, neurology, orthopaedics, and paediatrics
• Equipped with state-of-the-art technology including 3 Tesla MRI and 128-slice Dual Source CT scan
• Expected to reach EBITDA breakeven in 12-15 months

Operational Performance

The company's mature hospitals showed mixed performance:

Future Outlook

GPT Healthcare has signed an MoU for a new 150-bed hospital in Jamshedpur, with an investment of INR60.00 crores. This facility is expected to be commissioned by the end of calendar year 2026. The company aims to reach a total capacity of 1,000 beds within the next two years, reinforcing its commitment to expanding healthcare access in Eastern India.

Management Commentary

Atul Tantia, Group CFO of GPT Healthcare, commented on the results: "We are pleased with our Q1 performance, which reflects our ongoing efforts to expand access to quality healthcare in underserved regions. The commissioning of our Raipur hospital is a significant step towards our goal of becoming a 1,000-bed hospital chain. We remain focused on optimizing our case mix, enhancing throughput, and improving operational efficiencies across our network."

GPT Healthcare continues to target the middle to high-income segment, with approximately 94% of its business coming from cash and insurance patients. The company's strategy of locating hospitals in densely populated neighborhoods and offering a diverse range of specialties positions it well for sustainable growth in the coming years.

GPT Healthcare , the Kolkata-based healthcare services provider, saw its shares tumble over 11% following the release of its first-quarter results. The stock closed at ₹159.11, trading below its initial public offering (IPO) price of ₹186 for the third consecutive day.

Q1 Financial Performance

The company reported a mixed bag of results for the quarter ended June 30:

• Revenue from operations grew by 9.5% year-over-year to ₹107.10 crore
• Total income increased by 8.6% to ₹108.70 crore
• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) stood at ₹18.90 crore
• EBITDA margin compressed to 17.4% from 20.2% in the same quarter last year
• Net profit declined by 23% to ₹7.70 crore
• Earnings per share (EPS) decreased to ₹0.94 from ₹1.21 in the corresponding quarter

Operational Metrics

GPT Healthcare's operational performance showed some positive trends:

• Average Revenue Per Occupied Bed (ARPOB) increased to ₹38,913
• Average Length of Stay (ALOS) improved to 3.48 days
• The company now operates 719 beds across five multi-specialty hospitals

Expansion Plans

Despite the profit decline, GPT Healthcare continues to focus on growth:

• The company aims to become a 1,000-bed hospital chain within the next 2-3 years
• A new 158-bed multi-specialty hospital was commissioned in Raipur on May 2
• An MoU has been signed for a 150-bed facility in Jamshedpur, with an estimated cost of ₹74 crore
• The Jamshedpur hospital is expected to be operational by the end of the financial year 2027

Management Commentary

Dwarika Prasad Tantia, Chairman of GPT Healthcare, commented on the results: "We have always focused on strong operational and financial parameters, and this is reflective in our results for the quarter despite the changing case mix across all hospitals. The existing four hospitals in Salt Lake, Agartala, Dum Dum, and Howrah continue to perform well and are improving on all financial and operational metrics and reducing ALOS."

He further added, "Our long-term vision at GPT Healthcare is deeply rooted in our commitment to bringing advanced medical care to under-served markets in cities across eastern India. We aim to establish a chain of 150 to 200-bedded hospitals in these burgeoning markets, thereby fulfilling the pressing need for modern healthcare facilities in these areas."

Market Response

The market's negative reaction to GPT Healthcare's Q1 results reflects concerns over the company's profitability and margin compression. However, the management's focus on expansion and improving operational metrics may provide a foundation for future growth. Investors will likely keep a close eye on how the company manages its expansion plans while working to improve its bottom line in the coming quarters.