GPT Healthcare FY26: Growth in Mature Hospitals, Raipur Ramp-Up Drives Margin Dip

FY26 total revenue was INR 478.5 crore, EBITDA was INR 90.1 crore (18.84% margin), and PAT was INR 42.2 crore (8.82% margin), as per the investor presentation.

The company reported FY26 EBITDA from Raipur of negative INR 13.8 crore. Mature hospitals generated EBITDA of INR 103.9 crore, resulting in overall EBITDA of INR 90.1 crore and lower consolidated margin.

Management said Raipur is expected to reach monthly breakeven by Q3 FY27, with breakeven around 25% occupancy, and expects to end FY27 at around 30% occupancy.

Management guided for around 15% year-on-year revenue growth for FY27 (and reiterated a similar growth expectation in the call).

Management expects ARPOB to grow by around 8% through a mix of tariff increases and specialty optimization.

The investor presentation states a 150-bed Jamshedpur tertiary care project is advancing and will raise total beds to 869. Management indicated commissioning by end-FY27/Q4 FY27 and capex per bed around INR 70 lakhs, with investment of INR 75 crore noted in the presentation.