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Earnings Call

Max Healthcare Institute Earnings Call: Key Takeaways

Max Healthcare (MHIL) reports strong FY26 performance with 16% revenue growth and 14% EBITDA growth. The company maintains a 26.2% EBITDA margin while executing an aggressive 8,400+ bed expansion strategy.

Why this was an Alfa AlertNot a filter event. Performance is consistent with high-growth targets but no material guidance beat >10% was explicitly confirmed by management.
Highlights
Revenue growth16% YoY growth in FY26.
MarginsEBITDA margin steady at ~26.2% despite capacity expansion.
Demand visibilityHigh demand-supply gap; ~76% occupancy in FY26.

Growth

FY26 Revenue reached ₹10,065 Cr (+16% YoY); EBITDA grew to ₹2,638 Cr (+14% YoY); PAT stood at ₹1,631 Cr (+22%).

Outlook

Adding ~4,000 beds by FY29-30; Estimated ₹6,672 Cr outflow for brownfield/greenfield projects; Target ROCE threshold 20-25% post-acquisition.

Risks

Regulatory changes in healthcare costs; competitive intensity in NCR/Mumbai; rising doctor compensation impacting direct costs.

Source

Earnings Call filed with NSE, NSE: MAXHEALTH. Summary written with AI assistance from the document.

Read the document ↗

Max Healthcare Institute Ltd: key numbers

Share price
₹1,014.00
Market cap
₹98,694 Cr
Revenue (annual)
₹8,373 Cr
Net profit (annual)
₹1,442 Cr
P/E (TTM)
67.7×Sector 57.8×
Promoter holding
23.71%+0.00% QoQ
FII holding
41.78%Current quarter

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

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19:42 IST BSE
Annual General Meeting

Max Healthcare Institute Annual General Meeting

Max Healthcare Institute Ltd issued a postal ballot notice to seek shareholder approval for its 2026 ESOP scheme, director remuneration, and alterations to its objects clause.

16:30 IST BSE
Other Announcement

Max Healthcare Institute Other Announcement

Max Healthcare has received an ESG rating of '72' from Niche99, a SEBI-registered provider. This independent rating places the company in the 'Leader' category.

16:02 IST NSE
Legal & Regulatory

Max Healthcare Institute Legal & Regulatory

Max Healthcare disclosed an update on ongoing NCLT proceedings initiated by BRS Capital against its subsidiary. The next hearing is scheduled for September 28, 2026.

09:15 IST NSE
Employee Stock Options

Max Healthcare Institute Employee Stock Options

Max Healthcare Institute Limited has allotted 33,765 equity shares under its ESOP scheme. This increases the total paid-up share capital to 973,310,251 equity shares.

09:04 IST BSE
Employee Stock Options

Max Healthcare Institute Employee Stock Options

Max Healthcare allotted 33,765 equity shares under its Employee Stock Option Scheme 2022. The allotment was made at an exercise price of ₹350 per share.

Value
₹1.18 Cr
15:29 IST BSE
Acquisition

Max Healthcare Institute Acquisition Worth ₹87.87 Cr

Max Healthcare Institute Limited approved an additional investment of Rs. 87.87 Crore in its subsidiary, Kalinga Hospital Limited. The funds will support capital expenditure and modernization programs.

Value
₹87.87 Cr
Execution
Within next 15 days