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Investor Presentation

Healthcare Global Enterprises Investor Presentation: Key Takeaways

Q2 FY27 revenue INR 7,318 Mn (+16% YoY) and Adjusted EBITDA INR 1,425 Mn (+17%, 19.7% margin). Reported PAT INR 92.5 Mn. Plan to add 1,000 beds by FY30.

Highlights
Revenue growth16% YoY Q2; 15% H1
MarginsAdj. EBITDA margin 19.7%, up from 19.2%
Demand visibilityVolume +9%; non-institutional mix 69%

Growth

Revenue +16% YoY, volume +9%, ARPP +7%; H1 revenue +15%, Adj. EBITDA +18%. Adj. PAT INR 192 Mn, down 9% YoY.

Outlook

Target 1,000 bed addition by FY30 (~3,680 operational). Capex ~INR 1,500 Mn FY27, ~INR 3,000 Mn FY28-29, ~INR 1,000 Mn FY30.

Risks

Karnataka wage revision provision; North Bangalore start-up losses INR 61 Mn; moderating Gujarat growth from institutional mix rationalisation.

Last quarter's promises, checked

Delivered

  • Guided mid-teens growth → 16% Q2 / 15% H1 (= BEAT)
  • Guided margin to improve progressively → Adj EBITDA 19.4% Q1 → 19.7% Q2 (= BEAT)
  • Guided INR 1,700 Mn rights-issue proceeds to repay debt → repaid; net debt INR 5,751 Mn (= BEAT)

Partly delivered

  • Guided 21-22% Adj EBITDA in 2 yrs → 19.7% Q2, not yet due (= PARTIAL)
  • Guided North Bangalore losses to fall from Q1 peak → INR 61 Mn Q2; Q1 loss not disclosed (= PARTIAL)
  • Guided FY27 maintenance capex ~INR 1,000 Mn → H1 capex INR 1,279 Mn, 85% of FY27 ~1,500 Mn guide (= PARTIAL)

Missed

  • Guided payor mix to improve in later quarters from 69% → 69% Q2 (= MISS)
Source

Investor Presentation filed with BSE, NSE: HCG. Summary written with AI assistance from the document.

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Healthcare Global Enterprises Ltd: key numbers

Share price
₹610.90
Market cap
₹9,121 Cr
Revenue (annual)
₹2,545 Cr
Net profit (annual)
₹13.76 Cr
P/E (TTM)
400.0×Sector 53.4×
Promoter holding
64.21%+0.00% QoQ
FII holding
2.70%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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