Aster DM Healthcare reported a strong Q2 FY26, marked by double-digit revenue and operating EBITDA growth. A substantial recovery in Kerala, robust international revenue, and an improved case mix fueled the positive results. Revenue grew by 10% YoY, and operating EBITDA increased by 13% YoY. The company added over 200 beds, expanding capacity to 5,199.
Financial Performance Highlights
Aster DM Healthcare showcased notable financial achievements in Q2 FY26:
- Revenue reached INR 1,197 Cr, a 10% YoY increase.
- Operating EBITDA climbed to INR 263 Cr, representing a 13% YoY growth.
- Operating EBITDA margin expanded to 22.0%.
- Profit Before Tax (PBT) grew to INR 181 Cr, a 12% YoY increase.
- Normalized Profit After Tax (PAT) increased to INR 110 Cr, a 14% YoY increase.
Key Operational Improvements
Several operational metrics contributed to the company’s success:
- ARPP IP (Average Revenue Per Patient, In-Patient) rose by 10% YoY to INR 1,18,552.
- ALOS (Average Length of Stay) improved by 5% YoY to 3.1 days.
- Occupancy increased to 64% from 59% in Q1 FY26.
Segment Performance
Performance varied across different geographic clusters:
- Kerala cluster revenue grew by 12% QoQ, with a 19% YoY increase in operating EBITDA.
- Andhra & Telangana revenue grew by 14% QoQ, with significantly improved operating EBITDA margin.
- Labs’ operating margins significantly improved to 17.8%.
Strategic Developments and Expansion
Aster DM Healthcare continues to expand its presence and service offerings:
- Added over 200 beds in the last year, bringing total bed capacity to 5,199 as of September 30, 2025.
- Aster MIMS Kasargod commenced operations on October 2nd, 2025, reinforcing presence in Northern Kerala.
- Merger Update: Received No-Objection Letters from both stock exchanges – BSE and NSE
QCIL Performance
- Revenue of INR 1,193 cr and Operating EBITDA of INR 287 cr
- Operating EBITDA margin of 24.1%
New Hospital Projects
- The company plans to add 2,300+ beds to reach 7,800+ capacity with operationalization of new hospitals.
- Aster Yeshwanthpur: Multispecialty 500 Beds.
- Aster W&C, Hyderabad: Mother and Child Care 300 Beds to be operational by H1FY27
Source: BSE
