GPT Healthcare Limited announced the unexpected demise of its Executive Chairman and Promoter, Shri Dwarika Prasad Tantia, on August 17, 2025. The company informed the stock exchanges of this development on August 18, 2025, in compliance with SEBI regulations.

A Visionary Leader

Dwarika Prasad Tantia was a prominent figure in the healthcare industry, serving as the Chairman of both GPT Healthcare and the broader GPT Group. His leadership was characterized by integrity, wisdom, and a deep sense of purpose, adhering to the highest standards of corporate governance. Tantia's vision and unwavering commitment were instrumental in shaping the foundation and progress of the company.

Multifaceted Contributions

Beyond his role at GPT Healthcare, Tantia held the position of Honorary Consul of the Republic of Ghana in Kolkata, showcasing his dedication to fostering international relations. His influence extended far beyond strategic leadership, as he was known for inspiring excellence and fostering unity within the organization.

Impact on the Company

At the time of his passing, Tantia held 300 shares in GPT Healthcare Limited. The company described his sudden demise as an "irreparable loss," reflecting the significant impact he had on the organization and its people.

Continuity and Commitment

Despite this significant loss, GPT Healthcare has assured its stakeholders that the company's operations and prospects remain unchanged. The company expressed its commitment to upholding Tantia's legacy by advancing the mission and values he instilled in the organization.

A Lasting Legacy

Dwarika Prasad Tantia was remembered as a true "karmyogi" and "samaj sevak" (social servant), highlighting his dedication to both business excellence and social responsibility. His leadership in guiding the company's operations, projects, and CSR initiatives has left an indelible mark on GPT Healthcare and the communities it serves.

The board of directors and employees of GPT Healthcare have extended their heartfelt condolences to Tantia's bereaved family, underscoring the profound impact he had on the company and its people.

As GPT Healthcare navigates this transition, the company remains focused on honoring Dwarika Prasad Tantia's legacy while continuing to serve its customers and stakeholders with the same commitment and vision that defined his leadership.

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.