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Narayana Hrudayalaya Ltd

Q3 FY25Healthcare Services

Narayana Hrudayalaya Q3 FY25 earnings call: Revenue & Margins

Q3 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹1,816
Market cap₹38.9K Cr
P/E45.1
Updated23 Aug 2026
Read4 min read

The short version

Organic growth trajectory is established with reasonable, steady growth expected over time. Organic revenue growth is expected to sustain current growth trajectory, supported by capacity additions and new hospital launches (Page 18).

From Narayana Hrudayalaya Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Organic growth trajectory is established with reasonable, steady growth expected over time.
  • Revenue growth will be supported by organic expansion and selective inorganic augmentations.
  • Upcoming quarters will see uplift from new hospital capacity in Cayman and added capacity in MMRHL hospital.
  • Clinics and insurance businesses are focusing on scaling within core cities, with 50 clinics targeted next year (mainly Bangalore and Kolkata).
  • Expansion will focus on smaller hospitals (200-250 beds) clustered across cities to improve patient access rather than large flagship hospitals beyond one per city.
  • Growth is concentrated in 2-3 key cities over 5-7 years with potential for future rollouts based on proven success.

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Profitability & Margins

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Capital Expenditure Plans

  • Current Capex is a mix of debt (about 80%) and internal accruals funding, with long-term loans of 10-20 years.
  • Brownfield capacity addition mainly involves existing hospitals, capitalizing work-in-progress and settling bills, with some spillover expected to next quarters.
  • Greenfield projects involve hospital construction, with typical timelines of 2-2.5 years for construction and 6-9 months for licensing/fitment, totaling around 3 years to operational startup.
  • Capex focus shifted from Health City expansion (extra tower) to multiple city-wide projects like HSR, Central Bangalore, and South Bangalore.
  • Expansion includes adding beds in Howrah, Barasat, and other regions, but no aggressive addition unless there is a business case.
  • IRR target for brownfield projects is above 15%.

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Top-ranked in Healthcare Services

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 1
Rev 1Mar 3
3
Rev 2Mar 1
4
Rev 2Mar 2
5
Rev 2Mar 2
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

The transcript provided from the document "1273196.pdf" does not contain explicit information regarding the company's current or expected order book or pending orders. The discussion primarily revolves around operational performance, expansion plans, clinic openings, hospital throughput, capital expenditure funding, and geographical focus areas. Topics also include digital initiatives, patient processing benchmarks, Cayman Islands operations, and financial controls but do not specify order book details. If you need specific data on order books or pending orders, such details might be in a different section or financial report not included here.

Narayana Hrudayalaya Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹2.6K Cr, net profit ₹224 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Narayana Hrudayalaya Ltd Q3 FY25 results?

Organic growth trajectory is established with reasonable, steady growth expected over time. Organic revenue growth is expected to sustain current growth trajectory, supported by capacity additions and new hospital launches (Page 18).

What is Narayana Hrudayalaya Ltd share price analysis?

Narayana Hrudayalaya Ltd currently shows a neutral. The stock trades at a P/E of 45.1 with a market cap of ₹38,892 Cr. Investors should review the full earnings analysis for detailed insights.

Is Narayana Hrudayalaya Ltd planning capital expenditure?

Current Capex is a mix of debt (about 80%) and internal accruals funding, with long-term loans of 10-20 years.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.