Narayana Hrudayalaya reports a strong Q2 FY26 with consolidated operating revenue of ₹16,438 Mn, a 20.3% YoY increase. EBITDA grew by 28.3% YoY to ₹4,265 Mn. India revenue increased by 8.8% to ₹12,347 Mn, while Cayman revenue surged by 78.1% to ₹4,316 Mn. The company also received an award for Clinical Governance from the International Hospital Federation (IHF).
Financial Performance
In Q2 FY26, Narayana Hrudayalaya’s consolidated operating revenue reached ₹16,438 Mn, marking a 20.3% increase compared to ₹13,667 Mn in Q2 FY25. EBITDA stood at ₹4,265 Mn with a margin of 25.9%, up from ₹3,323 Mn and a 24.3% margin in the previous year, reflecting a 28.3% growth. Profit after tax (PAT) was ₹2,583 Mn, a 29.6% increase from ₹1,993 Mn in Q2 FY25.
Segmental Revenue
India’s operating revenue was ₹12,347 Mn for Q2 FY26, an 8.8% increase from ₹11,351 Mn in the corresponding period of the previous year. Cayman’s operating revenue soared to ₹4,316 Mn in Q2 FY26, up 78.1% from ₹2,423 Mn year-over-year. The company’s net debt to equity ratio stood at 0.06 as of September 30th, 2025.
Key Highlights
Narayana Hrudayalaya received the Clinical Governance award from the International Hospital Federation (IHF). The Narayana Superspeciality Hospital, Howrah commissioned a dual-source 256 Slice CT Scan machine and completed over 1000 robotic surgeries. The Narayana Institute of Cardiac Sciences, Bangalore, achieved its highest number of procedures across Robotic & Minimally Invasive Cardiac Surgery with 97 robotic cardiac surgeries in September 2025 and a total of 197 for the quarter. The facility also performed 420 Minimally Invasive Cardiac Surgeries and 10 Percutaneous Pulmonary Valve Implantations. The Narayana Multi-specialty Hospital, Jaipur expanded its services with Bone Marrow Transplant Services (BMT) in the quarter.
Management Commentary
Dr. Emmanuel Rupert, Managing Director and Group CEO, stated that the second quarter delivered a strong performance with the highest-ever revenue and profitability at both India and Group levels. He highlighted strong growth in domestic footfall and improvements in payor mix in India, and robust performance in the Cayman region. He expressed confidence in delivering on expectations for the year.
Source: BSE
