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Limited
Date: November 03, 2026
Ref:- GHL/2026-27/EXCH/71
The General Manager The Manager
Dept. of Corporate Services Listing Department
BSE Limited, National Stock Exchange of India Limited
P J Towers, Dalal Street, Exchange Plaza, C-1, Block G,
Mumbai - 400 001 Bandra Kurla Complex,
Bandra (E), Mumbai - 400 051
Scrip Code: 543654 Symbol: MEDANTA
Sub: Press Release
Dear Sir(s),
Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, please find enclosed herewith copy of the Press Release, for the
second quarter & half year ended September 30, 2026 Results.
Kindly take the above on record.
Thanking you,
Yours faithfully
For Global Health Limited
Rahul Ranjan
Company Secretary & Compliance Officer
M.No. A17035
Encl: a/a
Regd. Office: E-18, Defence Colony, New Delhi 110024, Ph No.011- 44114411 www.medanta.org, info@medanta.org, CIN: L85110DL2004PLC128319
Press Release
GLOBAL HEALTH LIMITED
November 3, 2026
Medanta reported robust quarterly performance, driven by bed additions and strong growth in
patient volumes
o Revenue from operations at INR 14,690 million in Q2FY27, up by 33.6% y-o-y
o Operating EBITDA at INR 3,701 million, up 60.2% y-o-y with margins of 25.2%
o Profit after tax stood at INR 2,191 million, up 38.3% y-o-y
Board approves setting up ~500 bedded super-speciality hospital in Ghaziabad
Gurugram, November 3, 2026: Global Health Limited (NSE: Medanta, BSE: 543654), one of the
largest private multi-specialty tertiary care providers operating in the North and East regions of India,
today announced its unaudited consolidated financial results for the quarter and six-month period
ending September 30, 2026.
Consolidated Results Snapshot: Q2 and H1 FY2027
Half Year Quarter
Y-o-Y Y-o-Y
INR million H1 FY26 H1 FY27 Q2 FY26 Q1 FY27 Q2 FY27
Growth % Growth %
Financials
Revenue from operations 21,301 27,731 30.2% 10,993 13,041 14,690 33.6%
Operating EBITDA* 4,580 6,568 43.4% 2,310 2,868 3,701 60.2%
Op. EBITDA Margins % 21.5% 23.7% 219 bps 21.0% 22.0% 25.2% 418 bps
Profit before tax** 4,080 5,081 24.5% 1,998 2,133 2,948 47.6%
Profit after tax 3,174 3,764 18.6% 1,584 1,573 2,191 38.3%
Operational KPI
Operational Beds (Census) 2,573 3,076 19.6% 2,658 3,037 3,115 17.2%
Occupancy 63% 65% 117 bps 64% 63% 67% 283 bps
ARPP (INR Lakhs)*** 2.01 2.04 1.5% 2.01 2.02 2.06 2.7%
ALOS (days) 3.04 2.88 -5.3% 3.06 2.87 2.89 -5.5%
Notes:
*Operating EBITDA is defined as EBITDA excluding other income and after accounting for ESOP expenses. The comparative figures have
also been presented on a consistent, like-for-like basis
**Q2FY26 and H1FY26 PBT includes a non-recurring exceptional income of INR 160 million and INR 356 million, respectively, on account
of 1) reversal of potential interest liability on EPCG following transfer of EPCG licenses from MHPL to GHL amounting to INR 196 million
(accounted in Q1FY26) and 2) reversal of stamp duty payable on account of the merger of MHPL with GHL, amounting to INR 159.85
million pursuant to adjudication of its stamp duty application (accounted in Q2FY26).
***ARPP is calculated on Hospital Revenues excluding Other Operating Income and other income divided by Inpatient Volumes
Commenting on Q2 and H1 FY2027 results, Mr. Pankaj Sahni, Group CEO and Director said:
“We are pleased to report strong growth in Q2 and H1 FY27, driven by robust patient volumes. We
continue to deliver steady growth as we expand our bed capacity across multiple locations to meet
India's growing need for quality healthcare. The beds added over the last 18 months have enabled
higher inpatient volumes and occupancy across our network. We are witnessing a faster ramp-up
in occupancy of newly added beds, indicating robust demand and absorption of the added capacity.
Press Release
GLOBAL HEALTH LIMITED
November 3, 2026
In H1 FY27, we added 100 beds in Noida and 46 beds in Lucknow. Our Noida hospital achieved
EBITDA breakeven in Q2 FY27, within one year of commencing operations. Building on this
momentum, the board approved the development of a 500-bed super-specialty hospital in
Ghaziabad, a market with strong demand for quality tertiary care.
With this, we will be adding over 3,450 beds across six greenfield projects to be executed over the
next few years. With a strong balance sheet, robust operational cash flows and deep clinical
expertise, we are committed to expanding our network through a disciplined, quality-anchored
approach that ensures sustainable growth for all our stakeholders."
Consolidated Highlights of the Quarter Ended September 30, 2026 (Q2 FY2027)
Q2FY27 revenue from operations of INR 14,690 million; growth of 33.6% y-o-y
Operating EBITDA grew 60.2 % y-o-y to INR 3,701 million with improved margins of 25.2%
in Q2 FY27 compared to 21.0% in Q2FY26
Noida hospital witnessed revenue from operations of INR 1,059 million and EBITDA of INR
86 million in Q2 FY27, compared to revenue from operations of INR 37 million and EBITDA
loss of INR 199 million reported in Q2 FY26
Profit After Tax was INR 2,191 million, compared to INR 1,584 million in Q2FY26. PAT
margins were at 14.9% compared to 14.4% in Q2 FY26
o To highlight, Q2FY26 had a non-recurring exceptional income of INR 160 million
primarily due to reversal of stamp duty on account of the merger of MHPL with GHL,
pursuant to adjudication of its stamp duty application
During the quarter, total 74 new beds were added across the network; 25 beds were added
at Lucknow and 49 beds in Noida
Medanta continues to witness robust volume growth, In-patient count grew by 29.5% while
Out-patient count grew by 37.9% y-o-y
With the addition of beds across the network over the last 18 months (including Noida
launch), Medanta’s Census bed capacity stood at 3,115 in Q2FY27 compared to 2,658 beds
in Q2FY26
Occupied bed days increased by 22.4% y-o-y, representing an occupancy of 67% on
increased bed capacity compared to 64% in Q2FY26
Average revenue per patient (ARPP) for the quarter was INR 2.06 lakh compared to
INR 2.01 lakh in Q2FY26
Average length of stay (ALOS) for the quarter was 2.89 days compared to 3.06 days in
previous corresponding quarter
Cluster 1 hospitals (comprising Gurgaon, Indore and Ranchi) reported revenue from
operations of INR 8,229 million in Q2FY27, growth of 17.8% y-o-y. Operating EBITDA was
INR 1,810 million, growth of 29.1% y-o-y; Operating EBITDA margin expanded to 22.0%
from 20.1% in Q2FY26
Press Release
GLOBAL HEALTH LIMITED
November 3, 2026
Cluster 2 hospitals (comprising Lucknow, Patna and Noida), reported revenue from
operations of INR 5,790 million, growth of 63.2% y-o-y. Operating EBITDA increased by
110.0% y-o-y to INR 1,837 million, with margins improving to 31.7% compared to 24.7% in
Q2FY26
During the quarter, International Patients Revenue increased by 30.3% y-o-y to INR 993
million
OPD Pharmacy (Hospital & Retail) business continues to witness robust growth. Revenue
increased by 52.9% y-o-y to INR 699 million in Q2 FY27
Consolidated Highlights of the Half year period Ended September 30, 2026 (H1 FY2027)
H1FY27 revenue from operations of INR 27,731 million; growth of 30.2% y-o-y
Operating EBITDA grew 43.4 % y-o-y to INR 6,568 million with improved margins of 23.7%
in H1 FY27 compared to 21.5% in H1 FY26.
Noida hospital witnessed revenue from operations of INR 1,914 million and EBITDA of INR
36 million in H1 FY27, compared to revenue from operations of INR 37 million and EBITDA
loss of INR 229 million reported in H1 FY26
Profit After Tax in H1FY27 was INR 3,764 million, compared to INR 3,174 million in H1 FY26.
PAT margins were at 13.6% compared to 14.9% in H1 FY26.
o To highlight, H1FY26 had non-recurring exceptional income of INR 356 million, on
account of 1) reversal of potential interest liability on EPCG following transfer of
EPCG licenses from MHPL to GHL amounting to INR 196 million (accounted in
Q1FY26) and 2) reversal of stamp duty payable on account of the merger of M
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