Aug 20 (Reuters) – Indian hospital operator Manipal Health Enterprises on Thursday reported a nearly 31% rise in adjusted first-quarter profit after tax, driven by strong demand for complex procedures and higher hospital occupancy.
The company posted an adjusted consolidated profit after tax of 3.32 billion rupees ($34.69 million) for the quarter ended June 30, up from 2.54 billion rupees a year earlier.
• The results mark the hospital operator’s first quarterly earnings report since its $960 million initial public offering in July.
• Overall quarterly revenue rose 38.1% to 30.91 billion rupees, boosted by higher patient volumes and an increasing share of high-value specialty procedures, which have supported earnings across the sector in recent quarters.
• Indian hospital operators have also been expanding aggressively through acquisitions of smaller hospitals and capacity additions, particularly in smaller cities, to capitalize on growing demand for healthcare services.
• The company’s consolidated net profit fell 7.5% to 2.32 billion rupees from a year earlier, due to costs related to the acquisition of Sahyadri Hospitals. Manipal Health had acquired a majority stake in the Maharashtra-based company in late 2025.
• “The integration of Sahyadri Hospitals remains a key priority as we unlock the benefits of a larger network and greater operating scale. Our IPO provides greater flexibility to invest in capacity, technology and clinical excellence while maintaining disciplined capital allocation,” MD and CEO Dileep Jose said.
• Quarterly expenses rose 47.4% from a year earlier to 28.35 billion rupees, impacted by a rise in the purchase of pharmacy items and other expenses.
($1 = 95.7050 Indian rupees)
(Reporting by Kashish Tandon and Mridula Kumar in Bengaluru; Editing by Janane Venkatraman and Jonathan Ananda)
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