Max Healthcare Institute Earnings Call Transcript: Key Takeaways
Max Healthcare maintains strong momentum with 20% revenue growth, driven by rapid brownfield ramp-ups and improved ARPOB despite a 14% capacity increase.
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Max Healthcare maintains strong momentum with 20% revenue growth, driven by rapid brownfield ramp-ups and improved ARPOB despite a 14% capacity increase.
Max Healthcare appointed Dharmender Kumar as Director and Chief - Public Affairs, effective November 1, 2026. The change was approved at the October 30, 2026 board meeting.
Max Healthcare will add 60 beds through two new floors at its Vaishali hospital. The Rs.97 Crore project is internally funded and due within 24 months.
Max Healthcare approved adding about 85 beds at its Noida hospital through redevelopment, at a cost of Rs 93 Crore funded by internal accruals. Commissioning is planned within 15 months.
Max Healthcare Q2 FY27 revenue rose to ₹3,219 Cr, up 20% YoY, with PAT at ₹448 Cr. Board approved ₹415 Cr capex for 209 additional beds.
Max Healthcare Institute Ltd reported revenue from operations of ₹2,569 Cr (+20.3% YoY) and net profit of ₹414.4 Cr (-15.7% YoY) for Q2 FY27.
Max Healthcare's NRC approved 95,000 ESOPs at ₹800 exercise price under its 2022 scheme. Vesting spans 1-5 years with a 3-year post-vesting exercise window.
Max Healthcare informed the Exchange that the NCLT hearing regarding petitions against its subsidiary, Kalinga Hospital Ltd., was adjourned to October 30, 2026.
Max Healthcare shareholders approved special resolutions by postal ballot on 19-Oct-2026. These cover a PRSU scheme for up to 73.5 lakh shares, remuneration for the Chairman and MD, and an alteration of the MoA objects clause.
Max Healthcare's board meets on 30-Oct-2026 to consider unaudited quarterly and half-year results. The trading window stays closed until 48 hours after results.
Max Healthcare Institute Limited has instituted the MHIL PRSU Scheme 2026. The scheme covers up to 73.50 lakh equity shares for employee stock-based incentives.
Max Healthcare Institute announced the postal ballot voting results. Shareholders approved the Performance Linked Restricted Stock Unit Scheme 2026 and other special resolutions.
Max Healthcare Institute Limited received an independent ESG rating of '66' from NSE Sustainability Ratings and Analytics. The rating for FY 2025-26 was assigned based on public disclosures.
Max Healthcare's CARE AA+ (Stable) long-term and A1+ short-term credit ratings on bank facilities are reaffirmed. No change in rating outlook or amounts.
Max Healthcare Institute Limited filed a Regulation 74(5) certificate confirming no dematerialization requests were received during the quarter ended September 30, 2026.
Max Healthcare's NCLT matter regarding BRS Capital was not heard on September 28, 2026, due to paucity of time. The hearing is adjourned to October 29, 2026.
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.
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.
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.
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.
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.
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.
Max Healthcare inaugurated a new 400-bed tower at its Saket facility, increasing the site's total capacity to 1,200 beds. The expansion establishes it as Delhi's largest private hospital.
Max Healthcare's subsidiary, Alps Hospital, received a GST show-cause notice demanding Rs. 165.71 Crore, including penalties. The company is preparing submissions against this demand.
Max Healthcare's subsidiary, Alps Hospital Limited, received a GST show-cause notice demanding ₹55.24 Crore in alleged unpaid taxes plus penalties.
Max Healthcare Q1 FY27 revenue grew 16% YoY to INR 2,982 Cr. Operating EBITDA rose 15% to INR 704 Cr. Strategy focuses on aggressive brownfield expansions and entering the medical education business.
Max Healthcare provided an update on a legal proceeding before the NCLT Cuttack Bench, which has been adjourned to September 8, 2026.
Max Healthcare delivered strong Q1 FY27 results with Net Revenue growing 15% YoY to ₹2,835 Cr and Operating EBITDA rising 15% to ₹704 Cr, driven by improved ARPOB and occupancy.
Max Healthcare announced an upgrade in its ESG ratings by CRISIL. The agency assigned these ratings independently based on the company's public disclosures.
Max Healthcare is adding 202 census beds at its Vaishali hospital, requiring a Rs. 425 Crore investment. The project is expected to be commissioned by November 2029.