NSEPress Release4d ago · 3 Nov 2026, 05:25 pm

Press Release

Global Health Limited · MEDANTA

✦ AI Summary▲ PositiveResults

Global Health Limited, the parent company of Medanta, has reported robust quarterly performance driven by bed additions and strong growth in patient volumes. Revenue from operations was INR 14,690 million in Q2FY27, up 33.6% y-o-y, with operating EBITDA growing 60.2% y-o-y to INR 3,701 million and improved margins of 25.2%. The company added 74 new beds across the network, with 25 beds added at Lucknow and 49 beds in Noida, and witnessed robust volume growth with in-patient count growing by 29.5% and out-patient count growing by 37.9% y-o-y.

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Growth Catalyst6/10
Governance Concern1/10
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Market Sentiment9/10

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Full Announcement

Global Health Limited has informed the Exchange regarding a press release dated November 03, 2026, titled "Press release for the Results of Second Quarter & Half Year ended September 30, 2026."

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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 [Showing first 8,000 characters — download PDF for full document]