Narayana Hrudayalaya Q2 FY27: revenue up 73.0% to ₹2,844 Cr, net profit up 16.5% to ₹301 Cr
Results · Finvezto · 2 Nov 2026 · Narayana Hrudayalaya (NH)
Results Q2 FY27, ₹ Cr
| Q2 FY27 | ₹ Cr | QoQ | YoY |
|---|---|---|---|
| Revenue | 2,844 | - | +73.0% |
| Operating profit | 554 | - | +37.6% |
| Net profit | 301 | - | +16.5% |
| Operating margin | 19.5% | - | -5.0 pp |
| Net margin | 10.6% | - | -5.1 pp |
YoY is the company's own figure. QoQ shows where our quarterly series matches the filing.
Key points
- In Q2 FY27, India hospital margins expanded to over 26% alongside a 4% year-on-year increase in inpatient volumes and 12.5% growth in outpatient footfalls. Earnings call
- Consolidated ROCE stood between 15% and 16%, impacted by investments in Cayman and the UK as India enters its bed expansion capex phase. Earnings call
- Quarterly combined losses from the India clinics and insurance businesses declined sequentially from INR 33 crores to INR 22 crores. Earnings call
What to watch
- Management on inpatient footfall outlook: We expect much stronger footfall growth from the Eastern region in Q3.
- Management on uk cost efficiencies: So I think we are on a good track and very confident with our synergies and cost efficiencies that we planned during the acquisition.
Links
Company page · Results tracker
Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.