New Launch1 Aug 2024, 07:43 pm
Max Healthcare Accelerates Q1 Growth; Launches 303-Bed Hospital in NCR, Integrates 600+ Beds, and Executes Agreement for 250-Bed Hospital in Mohali
AI Summary
Max Healthcare Institute Ltd. has announced its Q1 results, showcasing a significant growth momentum. The company successfully launched a 303-bed hospital in the National Capital Region (NCR) and integrated over 600 beds acquired in the previous quarter. Furthermore, Max Healthcare executed an agreement to lease a built-to-suit 250-bed hospital in Mohali. The company's gross revenue jumped by 18% YoY, and the operating EBITDA grew by 14% YoY. The Patient Admissions (PAT) stood at INR 295 Cr.
Key Highlights
- Launched a new 303-bedded Max Super Specialty Hospital in Dwarka, South West Delhi
- Executed agreement to lease for built-to-suit 250-bed hospital at Zirakpur, Mohali
- Gross Revenue stood at INR 2,028 Cr for Q1 FY25, with a growth of +18% YoY and +7% QoQ
- Operating EBITDA grew by +14% YoY, with EBITDA per bed from Existing Units improving by +6% YoY
- PAT stood at INR 295 Cr in Q1 FY25, with Free Cash from Operations at INR 258 Cr