GURUGRAM, India, January 30, 2025 – Max Healthcare Institute Limited announced its financial results for the quarter and nine months ended December 31, 2024, showcasing robust growth in revenue and profitability. The board also approved expansion projects and financial transactions to strengthen its market presence.
Financial Highlights (Standalone)
Particulars (INR Lakhs)
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24 (Audited)
Revenue from Operations
69,740
68,611
59,075
200,490
173,125
234,136
Total Income
78,941
81,962
63,343
227,329
186,470
261,258
EBITDA (Pre-Exceptional)
27,181
31,815
20,333
79,312
57,434
86,496
Exceptional Item
7,363
-
-
7,363
-
-
Profit Before Tax (PBT)
19,818
31,815
20,333
71,949
57,434
86,496
Net Profit
13,824
23,130
15,812
52,368
44,549
68,726
EPS (INR) – Basic
1.42
2.38
1.63
5.39
4.59
7.07
Consolidated Financial Performance
Particulars (INR Lakhs)
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24 (Audited)
Revenue from Operations
1,70,746
1,86,831
1,33,497
5,11,872
3,98,312
5,40,602
Total Income
1,90,161
1,74,830
1,38,099
5,22,754
4,11,594
5,58,409
EBITDA (Pre-Exceptional)
38,250
37,369
35,968
1,07,750
1,02,959
1,36,532
Exceptional Item
7,363
-
-
7,363
-
-
Profit Before Tax (PBT)
30,887
37,369
35,968
1,00,387
1,02,959
1,36,532
Net Profit
23,880
28,181
28,934
75,688
80,610
1,05,764
EPS (INR) – Basic
2.46
2.90
2.98
7.79
8.30
10.89
Key Announcements
Strategic Investments and Funding Approvals
Infusion of ₹125 Crore in Jaypee Healthcare Limited
Max Healthcare will subscribe to Jaypee Healthcare's equity shares on a rights basis.
The subsidiary reported a turnover of ₹421 Crore in FY24.
Corporate Guarantee of ₹500 Crore to Yes Bank for Nirogi Charitable and Medical Research Trust
Securing a term loan for a ~400-bedded Patparganj, East Delhi hospital.
Financial Assistance of ₹200 Crore to Eqova Healthcare Private Limited
To aid the development of a 400+ bedded hospital at Patparganj, East Delhi.
₹500 Crore Term Loan from Axis Bank for Max Super Speciality Hospital, Gurugram
To partially finance the 525-bedded hospital project in Gurugram.
Expansion Plans
Hospital Development and Lease Agreements
500-bedded Build-to-Suit Hospital at Thane, Maharashtra
Agreement to lease with VR Konkan Private Limited.
Investment of ₹217 Crore, project completion expected by 2028.
Expansion of Zirakpur Hospital from 250 to 400+ Beds
Amendment to lease agreement with Silicon Constructions Private Limited.
Expansion to serve Punjab, Haryana, and Himachal Pradesh.
Management Commentary
"Max Healthcare continues to demonstrate resilience and strong financial performance, driven by sustained patient footfalls, operational efficiencies, and strategic expansions," said the Chairman and Managing Director. "The infusion in Jaypee Healthcare and expansion at Thane and Zirakpur are part of our long-term growth strategy. We remain committed to enhancing healthcare access and creating value for our stakeholders."
Outlook
Revenue Growth: Strong performance in healthcare services is expected to continue.
Strategic Expansion: Investments in new hospitals to boost long-term earnings.
Financial Stability: Prudent funding approach with a focus on asset-light models.
Stock Impact: Given the strong financial performance and expansion plans, investor sentiment towards Max Healthcare will likely remain positive.