Max Healthcare Institute Ltd released its fiscal second quarter earnings report with profit at Rs 281.81 crore, registering a growth of 1.9 per cent in comparison to Rs 276.68 crore during the corresponding quarter of previous financial year. It posted revenue from operations at Rs 1707.46 crore, up 25.3 per cent as against Rs 1363.16 crore during the same period of previous financial year.
Max Lab (non-captive pathology vertical) reported gross revenue of Rs 47 crore during the quarter, recording a growth of 21 per cent YoY, and is now available across 50 cities.
Max@Home posted gross revenue at Rs 53 crore, up 24 per cent YoY, driven by physio & rehab, critical care and pathology sample collection.
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Expansion and Acquisition
Max Healthcare acquired a controlling 63.65 per cent stake in Jaypee Healthcare Ltd (JHL) on October 4, 2024. JHL operates a 500-bed tertiary care hospital in Noida, covering 18 acres with a built-up area of 83,280 sqm, which contributes over 95 per cent of JHL’s revenue and all of its EBITDA. In addition, it has a 200-bed hospital at Chitta, Bulandshahr which mainly provides secondary care to the community.
Further, Max Healthcare said that MSSH Dwarka, a 303-bed greenfield hospital in South West Delhi, commenced operations on July 2, 2024. The hospital is a part of ~8.62 acre campus and is positioned to offer tertiary and quaternary healthcare services to 12 lakh+ residents in the area.
Also, the hospitals acquired in Q4FY24 i.e., MSSH Nagpur and MSSH Lucknow are now fully integrated into the Max Healthcare network. “The capacity augmentation and infrastructure upgradation activities are underway to improve the patient care, better outcomes and improved ability to cater to increasing patient footfalls,” it said.
The company recorded network gross revenue at Rs 2228 crore, reflecting a growth of 22 per cent YoY.
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