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Earnings Call

Max Healthcare Institute Earnings Call: Key Takeaways

Max Healthcare delivered Q4 FY26 revenue of INR 2,664 Cr (+10% YoY) and FY26 PAT of INR 1,631 Cr (+22% YoY).

Highlights
Revenue growthFY26 growth at 16% YoY; Q4 growth at 10% YoY.
MarginsFY26 EBITDA margin at 26.2%; Q4 margin at 26.8%.
Demand visibilityStrong, with network occupancy maintained above 75% despite capacity additions.
Management confidenceHigh confidence in North India demand and brownfield expansion leverage.

Growth

FY26 gross revenue reached INR 10,538 Cr (+16% YoY) with operating EBITDA growing 14% to INR 2,638 Cr.

Outlook

Investing INR 1,400 Cr in 700-bed Lucknow hospital; targeting 500-bed Gurgaon commissioning by end of FY27.

Risks

Discontinuation of high-value chemo drugs impacted oncology revenues; ALOS temporarily higher due to capacity rollouts.

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