Max Healthcare announced a strong performance for Q2 FY26. Revenue increased by 21% year-on-year, and operating EBITDA grew by 23%. The Existing Units saw a revenue growth of 14% and EBITDA growth of 19%. The network’s average occupancy stood at 77%. The company continues to expand, with new brownfield towers set to be commissioned.
Financial Highlights
Max Healthcare reported a robust financial performance for Q2 FY26:
- Revenue growth of 21% year-on-year.
- Operating EBITDA increased by 23% year-on-year.
- Existing Units achieved revenue growth of 14% and EBITDA growth of 19%.
Operational Performance
Key operational metrics for the quarter include:
- Network average occupancy of 77%, with Existing Units reporting over 79% occupancy.
- Occupied bed days (OBDs) increased by 19% year-on-year.
- Average Revenue Per Occupied Bed (ARPOB) stood at INR 77,300.
Expansion and Developments
Max Healthcare continues to expand its capacity and service offerings:
- Commissioning of a new 160-bed brownfield tower at Max Mohali.
- A new 268-bed brownfield tower at Nanavati-Max is set to be commissioned this week.
- A new 400-bed brownfield tower at Max Smart will be ready for commissioning within the next 30 days.
Other Key Points
- Divestment of hospitals in Chitta and Anoopshahr completed in September 2025.
- Merger of two wholly-owned subsidiaries resulted in a one-time benefit of INR 149 crore.
- Digital revenue rose to INR 803 crore, accounting for approximately 30% of the overall revenue.
- International patient revenue reached INR 231 crore, a growth of 25% year-on-year.
Source: BSE