Global Health Limited (Medanta) announced a robust performance for the second quarter and first half of FY27. Consolidated revenue from operations grew by 34% year-on-year to INR 14,690 million. Operating EBITDA saw a substantial increase of 60% year-on-year, reaching INR 3,701 million, with improved margins of 25.2%. The company also highlighted the EBITDA breakeven of its Noida hospital within a year of inauguration.
Global Health Reports Strong Q2 FY27 Performance
Global Health Limited (Medanta) has announced its financial results for the second quarter (Q2) and the first half (H1) of the financial year 2026-27, showcasing significant year-on-year growth. The company’s consolidated revenue from operations for Q2 FY27 stood at INR 14,690 million, marking a substantial increase of 34% compared to the same period last year. This growth was driven by strong performance across its network and an increasing proportion of complex cases.
EBITDA and Profitability Boost
Operating EBITDA for the quarter surged by 60% year-on-year to INR 3,701 million. The operating EBITDA margin improved to 25.2% in Q2 FY27 from 21% in Q2 FY26. Profit after tax for the quarter was reported at INR 2,191 million, a growth of 38% compared to INR 1,584 million in the prior year’s second quarter. The company emphasized a focus on disciplined execution and maintaining high standards of care.
Operational Highlights and Expansion
Operationally, inpatient volumes increased by 30% year-on-year, while outpatient volumes grew by 38%. Occupied bed days saw a 22% increase, with network occupancy improving to 67%. The company’s total operational bed capacity increased by 17% to 3,115 beds in Q2 FY27 from 2,658 beds in Q2 FY26. Medanta also announced the acquisition of a 2.61-acre land parcel in Ghaziabad for a proposed 500-bed hospital project, with a total capex of approximately INR 1,000 crores. The Noida hospital achieved EBITDA breakeven during the quarter, posting revenue from operations of INR 1,059 million and operating EBITDA of INR 86 million.
Cluster-wise Performance and Outlook
The hospital business is divided into two clusters. Cluster 1 (Gurugram, Indore, Ranchi) reported revenue of INR 8,229 million, an 18% year-on-year growth, with operating EBITDA of INR 1,810 million. Cluster 2 (Lucknow, Patna, Noida) saw revenue growth of 63% year-on-year to INR 5,790 million, with operating EBITDA increasing by 110% to INR 1,837 million. Medanta plans to add approximately 3,450 beds over the next few years, doubling its network capacity, supported by a planned capital expenditure of over INR 6,000 crores.
Source: BSE
