Manipal Hospitals Q2 revenue grows 37.3%; net profit rises 21.6% | India Business News

Manipal Hospitals Managing Director and CEO Dilip Jose

Bengaluru: Manipal Health Enterprises, which operates Manipal Hospitals, reported a 37.3% year-on-year increase in revenue from operations to Rs 3,399 crore in the September quarter, compared with Rs 2,475 crore in the corresponding quarter last year.Net profit, excluding exceptional items, rose 21.6% to Rs 380 crore from Rs 313 crore. However, the net profit margin contracted by 140 basis points to 11.2% from 12.6% a year earlier. Reported net profit, including exceptional items, stood at Rs 285 crore, against Rs 318 crore in Q2 FY26.EBITDA increased 29.8% to Rs 882 crore, compared with Rs 680 crore in the year-ago quarter. EBITDA margin, however, declined to 26% from 27.5%, a contraction of 150 basis points. The company attributed its performance to sustained patient demand, growth in high-acuity specialties and improved capacity utilisation across its network.The current quarter’s results include Sahyadri Hospitals, which Manipal acquired in October last year, while the corresponding year-ago period does not include that acquisition. Sahyadri contributed Rs 375 crore in revenue and Rs 73 crore in EBITDA during the quarter.Commenting on the performance, Dilip Jose, managing director and CEO of Manipal Hospitals, said growth was driven by higher patient volumes, with more people accessing its healthcare services. Improved capacity utilisation, particularly in high-acuity specialties, was another key contributor.He said the company would continue to focus on strengthening clinical capabilities, improving operational performance and building a more integrated healthcare platform.