Narayana Hrudayalaya , a leading healthcare provider, has reported strong financial results for the second quarter of fiscal year 2026, demonstrating significant growth across key metrics.

Financial Highlights

The company's consolidated performance for Q2 FY26 showed impressive year-over-year improvements:

Operational Performance

The company's strong financial results were underpinned by robust operational performance:

• India Revenue grew by 8.8% year-over-year to ₹12,347.00 million
• Cayman Revenue saw a substantial increase of 78.1% to ₹4,316.00 million

Segment-wise Performance

Narayana Hrudayalaya's business mix for Q2 FY26 in India hospital operations was as follows:

• Owned Hospitals: 73%
• Operated Hospitals: 25%
• Heart Centres: 1%

The company's specialty profile showed a diverse mix, with Cardiac Sciences leading at 33%, followed by Oncology at 15%, and Medicine and GI sciences at 14%.

Key Financial Ratios

As of September 30, 2025, Narayana Hrudayalaya reported strong financial ratios:

• Debt Equity Ratio: 0.58
• Interest Service Coverage Ratio: 7.99
• Current Ratio: 2.20
• Operating Margin: 24.49%
• Net Profit Margin: 15.71%

Management Commentary

Dr. Emmanuel Rupert, Managing Director & Group CEO, stated, "Our Q2 FY26 results reflect the continued strength of our healthcare model and the dedication of our team. The significant growth in revenue and profitability demonstrates the resilience of our operations and the increasing demand for quality healthcare services."

Future Outlook

Narayana Hrudayalaya continues to focus on expanding its presence in key regions. The company plans to increase its bed capacity from the current 7,600+ to over 7,685 by FY30, with expansion projects in Bangalore, Raipur, and Kolkata.

The company is also making strides in digital transformation, with initiatives aimed at enhancing patient safety and experience, as well as improving operational efficiencies.

Narayana Hrudayalaya's strong Q2 FY26 performance, coupled with its expansion plans and digital initiatives, positions the company well for continued growth in the healthcare sector.

Note: All financial figures are in Indian Rupees (₹) unless otherwise stated.

Narayana Hrudayalaya , a prominent Indian healthcare company, has successfully completed the acquisition of Practice Plus Group Hospitals in the United Kingdom, marking a significant expansion into the UK hospital market. This strategic move represents a full takeover of Practice Plus Group's hospital operations, solidifying Narayana Hrudayalaya's presence in the international healthcare sector.

Acquisition Details

The company disclosed the completion of this acquisition through a regulatory filing under SEBI regulations. Here are the key details of the transaction:

Transaction Process

The acquisition process involved several steps:

1. Initial Agreement: On October 30, 2025, Narayana Hrudayalaya entered into a Sale and Purchase Agreement (SPA) to acquire Practice Plus Group Hospitals Limited.

2. Closing Conditions: The company fulfilled all necessary conditions stipulated in the SPA.

3. Payment: The consideration was paid to the seller as per the agreement terms.

4. Share Transfer: Upon completion, all 60,001 equity shares, representing 100% of the paid-up share capital of Practice Plus Group Hospitals Limited, were transferred to Narayana Hrudayalaya UK Ltd.

Strategic Implications

This acquisition is a significant move for Narayana Hrudayalaya, as it:

• Marks the company's entry into the UK hospital market
• Expands its international footprint beyond its existing operations
• Potentially allows for the transfer of expertise and best practices between Indian and UK healthcare systems

Corporate Structure

Post-acquisition, the group structure is as follows:

• Narayana Hrudayalaya Ltd. (India)
  • India Health City Cayman Islands Ltd. (Cayman Islands)
    • Narayana Hrudayalaya UK Ltd. (UK)
      • Practice Plus Group Hospitals Ltd. (UK)

Each entity in this structure is a 100% subsidiary of its parent company, creating a clear line of control from the Indian parent to the newly acquired UK operations.

This strategic acquisition aligns with the global expansion trends seen in the healthcare sector, where companies seek to diversify their geographical presence and leverage cross-border synergies. As Narayana Hrudayalaya integrates Practice Plus Group into its operations, stakeholders will be keen to observe how this move enhances the company's international portfolio and impacts its overall growth strategy.