GPT Healthcare Q1 FY27: ARPOB Gains and a Clear Path to Scale

Revenue from operations was INR 126.2 crore, EBITDA was INR 26.2 crore (20.4% margin) and PAT was INR 12.7 crore (9.9% margin).

Network occupancy was 45.5% and ARPOB was INR 42,350. Excluding Raipur, mature hospitals’ occupancy was 58.07%.

Revenue and occupancy in Q1 FY27 were: Salt Lake INR 21.8 crore, 62.4%; Agartala INR 35.2 crore, 45.3%; Dum Dum INR 39.7 crore, 65.4%; Howrah INR 18.8 crore, 45.2%; Raipur INR 10.6 crore, 17.4%.

Management stated Raipur loss was about INR 3 crore in Q1 FY27, expects losses to taper through FY27, targets about 30% exit occupancy for FY27, and reiterated operational breakeven by Q3 FY27.

Management said the 155-bed Jamshedpur hospital is expected to be commissioned in late Q4 FY27; approvals could shift commissioning to the beginning of the next year. Incremental debt of about INR 25 crore is expected in FY27 for Jamshedpur.

No. Management stated there were no tariff increases in Q1 FY27 and that tariff increases generally happen in October; ARPOB improvement was attributed to a better case mix and higher-end tertiary care.

Management stated approximately 90% of revenues are generated through cash and insurance patients.