JLHL
Jupiter Life Line Hospitals share price & financials
- Price
- ₹1,553
- Market cap
- ₹9.2k Cr
- Sector
- Healthcare
- Calls analysed
- 7
Jupiter Life Line Hospitals Limited Q1 FY27
What went well
- Total income for Q1 FY27 reached INR411 crores.
- PAT for the quarter was INR37.5 crores.
- ARPOB for the quarter stood at INR73,500, indicating strong revenue per bed.
What to watch
- Dombivli Hospital contributed an INR9.5 crores drag on EBITDA in its first full quarter of operations.
- Indore unit's EBITDA margins came in lower at 12% due to higher costs from new team buildup and doctor hires.
What Jupiter Life Line Hospitals Limited does
Jupiter Life Line Hospitals operates multi-specialty tertiary and quaternary care hospitals in Western India, earning revenue from inpatient (IPD) and outpatient (OPD) medical services including cardiology, oncology, orthopaedics, nephrology, neurology, organ transplant and other specialities. Each hospital follows an 'all-hub-no-spoke' model, functioning as a fully equipped, independent centre capable of delivering comprehensive care rather than relying on smaller feeder facilities. The Thane hospital additionally houses a multi-organ transplant centre. The company is expanding via both greenfield hospital construction and brownfield capacity additions at existing sites.
Segments
- IPD (Inpatient)
- OPD (Outpatient)
- Operating hospitals
- 4 hospitals — Thane, Pune (Baner), Indore and Dombivli (MMR)
- Operational bed capacity
- 1,248 beds (FY26)
- Doctors
- 1,275
- Specialities/departments offered
- 30+
- Hospitals under construction/development
- 3 greenfield projects — Pune-Bibwewadi, Mira-Bhayandar and BKC (Mumbai)
- Operating model
- All-Hub-No-Spoke — each hospital is a fully equipped, independent tertiary/quaternary care centre
Guidance record · Q1 FY27
what the last two calls moved 15 tracked 2 delivered 1 missed 12 open- ARPOB Growth (Thane/Pune) delivered said Q4 FY25 Promised: inflation-linked Q1 FY27: Q1 ARPOB stood at INR 73,500, representing a ~10% growth, driven by case mix, contract renegotiations, and pricing. Continues to exceed inflation.
- Dombivli Hospital Operational Date delivered said Q3 FY25 Promised: Q1 FY26-27 Q1 FY27: Not mentioned; promise already achieved.
- Debt for New Hospitals diluted said Q3 FY25 Promised: will not need more debt. Internal accruals and cash reserves will be sufficient Q1 FY27: Maintains net debt of zero but with INR 500 cr gross debt. Future funding from internal accruals, with potential debt only towards end of expansion cycle, within 3x EBITDA ceiling.
All 15 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 16.4%, net profit down 13.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 335 | 333 | 337 | 353 | 394 +18% | 365 +10% | 388 +15% | 411 +16% |
| EBITDA | 78 | 76 | 80 | 78 | 92 +18% | 83 +9% | 89 +11% | 79 +1% |
| Net profit | 52 | 52 | 45 | 44 | 57 +10% | 42 −19% | 50 +11% | 38 −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.
Performance −81.1% 1Y
1Y: ₹1,477.3 on 10 Sept 2025 → ₹279.15. High ₹1,595.2 (30 Oct 2025), low ₹279.15 (11 Sept 2026).
How the price took the results
close before → close after
- Q1 FY27
- −3.8%
- 3 Aug
- Q4 FY26
- +0.9%
- 18 May
- Q3 FY26
- −4.5%
- 2 Feb
- Q2 FY26
- −2.5%
- 10 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 18.9% a year over 3 years, FY23 to FY26. Operating margin held at 22.8%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹892 Cr | ₹1.1k Cr | ₹1.3k Cr | ₹1.5k Cr |
| Operating profit | ₹201 Cr | ₹239 Cr | ₹299 Cr | ₹342 Cr |
| Operating margin | 22.5% | 22.3% | 23.1% | 22.8% |
| Interest | ₹42 Cr | ₹26 Cr | ₹11 Cr | ₹33 Cr |
| Depreciation | ₹39 Cr | ₹43 Cr | ₹57 Cr | ₹87 Cr |
| Net profit | ₹73 Cr | ₹177 Cr | ₹194 Cr | ₹193 Cr |
| Net margin | 8.2% | 16.5% | 15.0% | 12.9% |
| Cash from operations | ₹176 Cr | ₹115 Cr | ₹267 Cr | ₹268 Cr |
| Free cash flow | ₹100 Cr | ₹29 Cr | ₹-60 Cr | ₹-234 Cr |
| ROCE | 21.0% | 22.0% | 18.0% | 15.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹51 Cr | ₹51 Cr | ₹57 Cr | ₹66 Cr | ₹66 Cr | ₹66 Cr |
| Reserves | ₹188 Cr | ₹243 Cr | ₹309 Cr | ₹1.1k Cr | ₹1.4k Cr | ₹1.5k Cr |
| Borrowings | ₹426 Cr | ₹495 Cr | ₹469 Cr | ₹0 Cr | ₹403 Cr | ₹584 Cr |
| Other liabilities | ₹124 Cr | ₹120 Cr | ₹151 Cr | ₹112 Cr | ₹168 Cr | ₹235 Cr |
| Total liabilities | ₹789 Cr | ₹909 Cr | ₹986 Cr | ₹1.3k Cr | ₹2.0k Cr | ₹2.4k Cr |
| Fixed assets | ₹630 Cr | ₹684 Cr | ₹720 Cr | ₹718 Cr | ₹998 Cr | ₹1.4k Cr |
| Capital work in progress | ₹26 Cr | ₹27 Cr | ₹29 Cr | ₹74 Cr | ₹296 Cr | ₹129 Cr |
| Investments | ₹7 Cr | ₹3 Cr | ₹2 Cr | ₹17 Cr | ₹526 Cr | ₹486 Cr |
| Other assets | ₹126 Cr | ₹195 Cr | ₹235 Cr | ₹473 Cr | ₹203 Cr | ₹364 Cr |
| Total assets | ₹789 Cr | ₹909 Cr | ₹986 Cr | ₹1.3k Cr | ₹2.0k Cr | ₹2.4k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs added +0.69 pp while FIIs trimmed −0.40 pp. The shareholder count shrank 3% to 33,194.
- Promoters
- 40.9%
- FIIs
- 9.4%
- DIIs
- 16.5%
- Public
- 33.2%
Since Jun 2025
- DIIs +0.69 pp
- FIIs −0.40 pp
- Public −0.31 pp
How it drifted, 12 quarters
Over this window the public fell from 41.8% to 33.2% — −8.6 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 40.9%, FIIs 4.6%, DIIs 12.7%, Public 41.8%.Dec '23: Promoters 40.9%, FIIs 4.0%, DIIs 13.9%, Public 41.2%.Mar '24: Promoters 40.9%, FIIs 4.2%, DIIs 14.2%, Public 40.8%.Jun '24: Promoters 40.9%, FIIs 6.1%, DIIs 13.8%, Public 39.2%.Sep '24: Promoters 40.9%, FIIs 8.8%, DIIs 13.5%, Public 36.8%.Dec '24: Promoters 40.9%, FIIs 10.0%, DIIs 15.8%, Public 33.3%.Mar '25: Promoters 40.9%, FIIs 10.0%, DIIs 15.6%, Public 33.4%.Jun '25: Promoters 40.9%, FIIs 9.8%, DIIs 15.8%, Public 33.5%.Sep '25: Promoters 40.9%, FIIs 9.1%, DIIs 17.0%, Public 33.1%.Dec '25: Promoters 40.9%, FIIs 8.5%, DIIs 17.4%, Public 33.2%.Mar '26: Promoters 40.9%, FIIs 8.5%, DIIs 17.0%, Public 33.6%.Jun '26: Promoters 40.9%, FIIs 9.4%, DIIs 16.5%, Public 33.2%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Abu Dhabi Investment Authority - Monsoon Sovereign newly disclosed 1.04% held
The same filing shows 3 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Jupiter Life Line Hospitals Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ajay Pratap Thakker | 20.74% | unchanged |
| Western Medical Solutions Llp | 8.70% | unchanged |
| SBI Healthcare Opportunities Fund Mutual fund | 7.77% | unchanged |
| Ankit Ajay Thakker | 6.67% | unchanged |
| JM Financial Products Limited NBFC / DFI | 3.42% | unchanged |
| Goldman Sachs Funds - Goldman Sachs India Equity P Global fund house | 2.75% | unchanged |
| Mihir Wire Industries Pvt Ltd | 2.15% | unchanged |
| Neeta Devang Gandhi | 2.10% | unchanged |
| Kirtika Ajay Thakker | 2.03% | unchanged |
| SBI Life Insurance Co. Ltd Insurer | 2.01% | −0.44 pp |
| Dr Navin Ramji Davda | 2.00% | unchanged |
| JM Financial And Investment Consultancy Services | 1.91% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in JLHL
Filings to Aug 2026
2 new, 3 added, 0 trimmed, 0 sold out — net +79.02 L shares (+31.7%).
- Held by funds
- ₹999 Cr
- 6 schemes
- Biggest holder
- SBI MultiCap Fund
- ₹591 Cr · 2.4% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI MultiCap Fund SBI Mutual Fund | ₹591 Cr | held | Sep '23 |
| SBI Healthcare Opportunities Fund SBI Mutual Fund | ₹148 Cr | +3.11 L | Aug '23 |
| HDFC Multi Cap Fund HDFC Mutual Fund | ₹98 Cr | +27.58 L | May '26 |
| HDFC Pharma and Healthcare Fund HDFC Mutual Fund | ₹72 Cr | +21.25 L | Jun '26 |
| HDFC Small Cap Fund HDFC Mutual Fund | ₹57 Cr | new | Jul '26 |
| HDFC Flexi Cap Fund HDFC Mutual Fund | ₹33 Cr | new | Jul '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
3 added, 0 trimmed — net +79.02 L shares (+31.7%)
- Funds are sitting on
- +220%
- vs est. average cost
- Held by funds
- ₹999 Cr
- 6 schemes · ≈ 56% of the company
- Biggest holder
- SBI MultiCap Fund
- ₹591 Cr · 2.4% of that fund
- Longest holder
- SBI Healthcare Opportunities Fund
- 3y 1m · since Aug '23
Shares held by these funds +4288%
Aug '23 3.25 cr shares Jul '26
What the price assumes
- Growth the price implies
- 33.6% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Jupiter Life Line Hospitals Limited
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