NH Narayana Hrudayalaya Q4 FY26 results (Jan–Mar 2026) and concall
Narayana Hrudayalaya reported a strong Q4 FY26 with significant margin expansion in its India hospital business, reaching 25.1%. The UK acquisition showed early signs of margin improvement to 10%, while the Cayman hospital business scaled rapidly to a USD 50 million quarterly run rate. However, clinics and insurance segments continued to incur losses, and greenfield capex for FY26 fell short of targets due to external factors. Management outlined plans for clinic expansion and commissioning of major projects by FY28-29, while addressing integration challenges and inflationary pressures.
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What they filed
Q4 FY26: revenue up 75.9%, net profit up 13.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,367 | 1,335 | 1,475 | 1,507 | 1,644 +20% | 2,151 +61% | 2,594 +76% |
| EBITDA | 309 | 307 | 358 | 337 | 401 +30% | 365 +19% | 508 +42% |
| Net profit | 199 | 193 | 197 | 197 | 258 +30% | 127 −34% | 224 +14% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
