Yatharth Hospital and Trauma Care Services Limited has reported robust financial performance for the second quarter of fiscal year 2026, with significant growth in revenue and operational expansion. The company's strategic initiatives and focus on super-specialty care have driven its performance to new heights.

Financial Highlights

• Revenue reached INR 2,794.00 million, marking a 28% year-over-year increase and an 8% quarter-over-quarter growth.
• EBITDA stood at a record INR 645.00 million, up by 18% year-over-year.
• Adjusted EBITDA, excluding initial losses from newly operationalized facilities, was INR 737.00 million, representing a 35% year-over-year increase.
• Adjusted EBITDA margin remained healthy at 26.70%.
• Adjusted profit after tax grew by 63% year-over-year.

Operational Achievements

• The company added 700 new beds with the commencement of operations at New Delhi and Faridabad facilities.
• Overall occupancy remained strong at 66% despite significant capacity addition.
• Consolidated ARPOB (Average Revenue Per Occupied Bed) increased to INR 32,015.00 in Q2 FY26.
• Mature hospitals, including Noida, Greater Noida, and Noida Extension, achieved a 9% year-over-year ARPOB growth.
• Newer hospitals registered an impressive 19% year-over-year ARPOB growth.

Strategic Developments

1. Expansion: Yatharth Hospital operationalized its Model Town Hospital in New Delhi and Faridabad Sector 20 Hospital, adding 300 and 400 beds respectively.

2. Acquisition: The company acquired Shantived Hospital in Agra, with an expanded capacity of 250 beds, expected to contribute from Q4 FY26.

3. Credit Rating Upgrade: CRISIL upgraded the company's credit rating to CRISIL A/Stable, reflecting strong business prospects.

4. Regulatory Milestone: Income tax authorities unfroze the provisionally attached properties and fixed assets of the company, restoring full financial flexibility for expansion initiatives.

5. Governance Enhancement: Appointed Mr. Ramesh Krishnan as Independent Director and MSKA & Associates as Statutory Auditor, reinforcing transparency and governance standards.

6. Medical Value Travel: Established representative offices in Baghdad and Tashkent, and expanded into Cameroon through institutional and private partnerships.

Outlook

Yatharth Hospital remains optimistic about sustaining its growth trajectory. The company's focus areas include:

• Expanding footprint across North India
• Optimizing existing clinical infrastructure
• Enhancing clinical excellence to drive higher ARPOB
• Capitalizing on emerging sector opportunities

The management expects the newly operationalized facilities in Delhi and Faridabad to achieve EBITDA breakeven within 15-17 months. With a strong net cash position of INR 3,692.00 million, the company is well-positioned to capitalize on future growth opportunities.

Yatharth Tyagi, Whole-Time Director, commented, "This quarter marks a significant phase of operational and strategic progress for Yatharth Hospital, delivering industry-leading performance with the highest ever revenue and EBITDA."

As Yatharth Hospital continues to expand its presence in key markets and enhance its super-specialty offerings, it appears well-positioned for sustained growth in the coming quarters.

Yatharth Hospital & Trauma Care Services Limited has reported a robust financial performance for the second quarter of fiscal year 2026, with significant growth in revenue and profitability.

Key Financial Highlights

• Revenue: The company's revenue from operations surged by 28% year-over-year to Rs 2,794.00 million in Q2 FY26, up from Rs 2,178.00 million in Q2 FY25.
• EBITDA: Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) grew by 18% to Rs 645.00 million, compared to Rs 546.00 million in the same quarter last year.
• PAT: Profit After Tax (PAT) increased by 33% to Rs 413.00 million, up from Rs 310.00 million in Q2 FY25.

Operational Performance

Yatharth Hospital demonstrated strong operational metrics during the quarter:

• Bed Capacity: The total bed capacity stood at 2,305 beds, excluding the upcoming 250-bed Agra hospital.
• Occupancy: The company maintained a healthy occupancy rate of 66%.
• ARPOB: Average Revenue Per Occupied Bed (ARPOB) improved to Rs 32,015.00, indicating enhanced revenue generation per patient.

Expansion and Growth

The company continues to expand its presence and diversify its revenue streams:

• Yatharth Hospital acquired a new 250-bed facility in Agra, further strengthening its footprint in North India.
• The Greater Faridabad hospital, which commenced operations recently, now contributes 10% to the group's revenue in Q2 FY26.
• The company's mature hospitals (Noida, Greater Noida, and Noida Extension) sustained an upward trajectory with 19% year-on-year growth.

Strategic Initiatives

Yatharth Hospital is focusing on several strategic initiatives to drive growth:

• Strengthening its governance framework by appointing MSKA & Associates (a member firm of BDO International) as the statutory auditor.
• Expanding its presence in high-value specialties across hospitals, with a diverse mix of specialties at all facilities.
• Continuing to invest in infrastructure and technology to enhance clinical excellence.

Future Outlook

With its strategic expansions and focus on high-value specialties, Yatharth Hospital & Trauma Care Services Limited appears well-positioned for continued growth. The company's ability to maintain strong occupancy rates and improve ARPOB suggests a positive outlook for the coming quarters.

Investors and stakeholders may keep a close eye on the integration of new facilities and the ramp-up of recently acquired hospitals, as these factors could influence the company's future performance and profitability.