Park Medi World Reports 17.76% Revenue Growth in Q3 FY26, Expands Through Strategic Acquisitions
Park Medi World Limited reported strong Q3 FY26 results with revenue growing 17.76% to ₹4,100 mn and PAT increasing 15.78% to ₹528 mn. For nine months, revenue reached ₹12,189 mn (up 17.25%) while PAT surged 42.60% to ₹1,968 mn. The company expanded through strategic acquisitions including KPIMS for ₹245 crore and Febris Multi-Speciality Hospital, increasing bed capacity to 3,250 beds with 65% occupancy ratio.

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Park Medi World Limited announced its revised earnings presentation for Q3 FY26 and nine-month period ended December 31, 2025, showcasing strong operational performance and continued execution of its growth strategy. The company delivered healthy revenue growth supported by stable patient volumes, improved case mix, and gradual ramp-up across newer and acquired hospitals.
Financial Performance Highlights
The company reported impressive financial results across key metrics for both quarterly and nine-month periods:
| Metric | Q3 FY26 | Q3 FY25 | YoY Growth | 9M FY26 | 9M FY25 | YoY Growth |
|---|---|---|---|---|---|---|
| Revenue (₹ mn) | 4,100 | 3,481 | 17.76% | 12,189 | 10,397 | 17.25% |
| EBITDA (₹ mn) | 994 | 828 | 20.05% | 3,170 | 2,826 | 12.17% |
| EBITDA Margin | 24.25% | 23.79% | 0.46% | 26.00% | 27.18% | - |
| PAT (₹ mn) | 528 | 456 | 15.78% | 1,968 | 1,380 | 42.60% |
| PAT Margin | 12.89% | 13.11% | - | 16.14% | 13.27% | - |
| EPS (₹) | 1.35 | 1.19 | - | 5.09 | 3.59 | - |
Revenue from operations reached ₹4,100 mn in Q3 FY26, representing a 17.76% increase from ₹3,481 mn in the corresponding quarter of the previous year. For the nine-month period, revenue grew 17.25% to ₹12,189 mn from ₹10,397 mn in 9M FY25.
Strategic Acquisitions Drive Expansion
Park Medi World strengthened its platform through two significant strategic acquisitions during the period. The company acquired a 100% stake in KP Institute of Medical Sciences (KPIMS) in an all-cash transaction of ₹245 crore. KPIMS is a 360-bed, NABH-accredited multi super-speciality hospital and among the largest in the Agra region, strengthening Park Group's presence in Uttar Pradesh under its cluster-based expansion strategy.
Additionally, the company acquired Febris Multi-Speciality Hospital in New Delhi through its wholly owned subsidiary Blue Heavens Health Care Pvt. Ltd. under the IBC process. This 200-bed multi-speciality hospital is strategically located in a densely populated catchment with access to Delhi, Haryana, and Western UP.
Operational Excellence and Capacity Expansion
The company demonstrated strong operational metrics with improved capacity utilization:
| Parameter | 9M FY26 | 9M FY25 | Q3 FY26 |
|---|---|---|---|
| Bed Capacity | 3,250 | 3,000 | 3,250 |
| Occupancy Ratio | 65% | 62% | 63% |
| ARPOB (₹) | 27,406 | 25,527 | 27,482 |
| ALOS (days) | 6.34 | 6.59 | 6.31 |
The company's bed capacity increased to 3,250 beds in 9M FY26 from 3,000 beds in the corresponding previous period. The occupancy ratio improved to 65% in 9M FY26 compared to 62% in 9M FY25, while Average Revenue per Operating Bed (ARPOB) rose to ₹27,406 from ₹25,527.
Management Outlook and Strategic Focus
According to management commentary, the company remains focused on disciplined capital allocation, balance sheet strength, and measured expansion post-IPO. Immediate priorities include seamless integration of acquired assets, improving asset utilization, and driving sustainable profitability. The company continues to selectively pursue growth opportunities while maintaining its commitment to delivering affordable, high-quality healthcare.
Park Medi World maintains its position as the largest private hospital chain in Haryana with an extensive presence across North India, including Haryana, Delhi, Punjab, and Rajasthan. The company's cluster-based expansion approach enables brand recognition and resource sharing among hospitals located in proximity, supporting operational efficiencies and improved utilization over time.
































