Narayana Hrudayalaya Injects $1 Million into Cayman Subsidiary for Working Capital
Narayana Hrudayalaya has invested $1 million (₹8.30 crore) into its downstream subsidiary, Cayman Integrated Healthcare, to support working capital requirements. This strategic move aims to bolster the company's international operations, particularly in the Caribbean region. The investment demonstrates Narayana Hrudayalaya's commitment to expanding its global footprint and ensuring operational efficiency in its overseas ventures.
23May 25
Narayana Hrudayalaya Reports Robust Q4 Results with 15% Revenue Growth and Announces Dividend
Narayana Hrudayalaya announced strong Q4 results with revenue increasing 14.84% to ₹1,470.00 crore and net profit rising to ₹197.00 crore. The company's EBITDA grew by 22.61% to ₹385.00 crore, with EBITDA margin improving to 26.07%. For the full fiscal year, revenue reached ₹5,093.40 crore, up 10.96%, while net profit surged 30.17% to ₹789.60 crore. The company recommended a dividend of ₹4.50 per equity share.
16May 25
Narayana Hrudayalaya to Consider Debt Securities Issuance in Upcoming Board Meeting
Narayana Hrudayalaya's board of directors will meet on May 23 to discuss potential fundraising through debt securities issuance. The company has not disclosed the targeted amount or intended use of funds. This move could impact the company's capital structure, support growth initiatives, and provide financial flexibility. The market's response to this announcement will be closely watched.
08Mar 25
Narayana Hrudayalaya's Subsidiary Forges Strategic Joint Venture to Revolutionize Cancer Care in India
Narayana Hrudayalaya's subsidiary, Health City Cayman Islands Ltd., has formed a joint venture with 2070 Health Inc. and W Health Ventures GP LLC to establish a network of cancer care centers in India. The venture, operating through Everhope Oncology Private Limited, will focus on chemotherapy services. HCCI will hold a 50% stake in the venture, with a total investment of USD 10 million planned over the next 1-2 years. This strategic move aims to enhance access to cancer treatment across India and strengthen Narayana Hrudayalaya's position in the oncology market.
21Feb 25
Narayana Hrudayalaya Breaks Ground on Massive ₹900 Crore Hospital Project in Kolkata
Narayana Hrudayalaya has initiated the construction of a 1,100-bed super-specialty hospital, 'Narayana Health City,' in New Town, Kolkata. The project, with an initial investment of ₹900 crore, will be developed in phases over 3-10 years. The first phase, a 350-bed facility, is expected to open in FY 2028-29. The expansion aims to meet the growing demand for quality healthcare in Eastern India, leveraging high patient footfall in existing Kolkata facilities. The foundation stone was laid in a ceremony attended by West Bengal Chief Minister Mamata Banerjee.
20Feb 25
Narayana Hrudayalaya Lays Foundation for Massive 1,100-Bed 'Health City' in Kolkata
Narayana Hrudayalaya has initiated a major expansion in Eastern India with the foundation stone laying of 'Narayana Health City' in Kolkata. The 1,100-bed super-specialty hospital project will be developed in phases over 3-10 years, with an initial investment of ₹900 crore for a 350-bed facility. The first phase is expected to be operational by FY 2028-29. The expansion is driven by high patient demand and aims to provide affordable, quality healthcare to West Bengal and Eastern India. The project will be financed through a combination of debt and internal accruals.
Narayana Hrudayalaya confirmed a 2.6% increase in Q3 FY25 net profit to Rs. 192.9 crores. The company plans to expand its oncology services. It has approved the allotment of 50,000 NCDs worth Rs. 500 crores at 8.40% coupon rate, maturing on February 15, 2030. The audio recording of Q3 FY25 Earnings Call is now available on the company's website.