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Global Health Ltd.

MEDANTAHealthcare filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

14 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 14 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
TRANSCRIPT202302202022-12-31yes
TRANSCRIPT202306032023-03-31yes
TRANSCRIPT202308182023-06-30yes
TRANSCRIPT202311182023-09-30yes
TRANSCRIPT202402142023-12-31yes
TRANSCRIPT202405252024-03-31yes
TRANSCRIPT202408162024-06-30yes
TRANSCRIPT202411212024-09-30yes
TRANSCRIPT202502122024-12-31yes
TRANSCRIPT202505212025-03-31yes
TRANSCRIPT202508152025-06-30yes
TRANSCRIPT202602092025-12-31yes
TRANSCRIPT202605202026-03-31yes
TRANSCRIPT202608052026-06-30yes

MEDANTA

files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisiongeneral
Scope servedconsolidated
Panels on this page4

Market

No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.

Last close1,506.20
52-week range961.1 – 1508.9
Return 1M7.25%
Return 3M14.77%
Return 1Y14.05%
Return 3Y116.18%
Return 5Ynot reported for this period
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Revenue from operations1,304.00
Other income22.00
Total income1,326.00
Cost of materials consumed257.00
Purchases of stock-in-trade41.00
Changes in inventories-4.00
Employee benefit expense319.00
Finance costs27.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter group0.33-0.00
institutions foreign0.09-0.01
institutions domestic0.170.02
mutual funds0.160.02
public0.67-0.00

Documents on file

ClassMost recentOn file
TRANSCRIPT2026-06-3014

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line2022-12-312023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue from operations694.00703.00773.00844.00833.00809.00861.00957.00943.00931.001,031.001,099.001,121.001,159.001,304.00
Other income12.0028.0021.0021.0022.0027.0022.0018.0016.0023.0020.0020.0022.0037.0022.00
Total income706.00732.00794.00865.00855.00836.00883.00975.00959.00954.001,051.001,119.001,143.001,196.001,326.00
Cost of materials consumed144.00151.00165.00174.00172.00177.00188.00204.00207.00191.00213.00227.00227.00216.00257.00
Purchases of stock-in-trade14.0016.0018.0020.0018.0018.0023.0028.0021.0021.0032.0029.0029.0028.0041.00
Changes in inventories1.00-2.00-1.00-1.000.00-0.00-2.00-4.002.002.00-6.000.000.003.00-4.00
Employee benefit expense160.00159.00178.00184.00185.00188.00201.00214.00205.00204.00256.00274.00281.00285.00319.00
Finance costs21.0020.0018.0020.0018.0018.0018.0016.0016.0015.0014.0017.0022.0027.0027.00
Depreciation and amortisation39.0038.0040.0043.0044.0045.0047.0049.0048.0049.0045.0050.0061.0067.0069.00
Other expenses217.00217.00236.00254.00245.00248.00265.00286.00271.00289.00308.00338.00367.00384.00404.00
Total expenses594.00599.00653.00694.00682.00693.00739.00794.00770.00771.00863.00935.00986.001,009.001,113.00
Profit before exceptional items and tax112.00133.00141.00171.00172.00143.00144.00181.00189.00183.00189.00184.00156.00187.00213.00
Exceptional items0.000.000.000.000.000.000.000.000.00-50.0020.0016.00-37.000.000.00
Profit before tax112.00133.00141.00171.00172.00143.00144.00181.00189.00133.00208.00200.00120.00187.00213.00
Current tax26.0022.0042.0048.0050.0039.0036.0049.0040.0037.0041.0036.0022.0033.0055.00
Deferred tax6.0010.00-3.00-2.00-1.00-23.001.002.007.00-5.008.006.003.0013.001.00
Tax expense32.0032.0039.0045.0049.0016.0037.0050.0046.0032.0049.0041.0025.0046.0056.00
Profit for the period81.00101.00102.00125.00124.00127.00106.00131.00143.00101.00159.00158.0095.00142.00157.00
Profit attributable to owners——0.00—124.00127.00106.00—143.00101.00159.00158.0095.00144.00159.00
Profit attributable to non-controlling interests——0.00—-0.00-0.00-0.00—-0.00-0.00-0.00-0.000.00-2.00-1.00
Other comprehensive income0.001.00-2.001.001.00-0.00-2.001.003.00-2.000.00-1.001.004.00-5.00
Total comprehensive income81.00102.00100.00126.00124.00127.00104.00132.00146.0099.00159.00157.0096.00145.00152.00
Earnings per share, basic3.083.773.804.664.614.743.964.875.323.775.925.893.545.365.91
Earnings per share, diluted3.083.763.804.664.604.743.964.875.323.775.915.893.545.345.90

Annual results, as filed

Line2023-03-312024-03-312025-03-312026-03-31
Revenue from operations2,694.003,275.003,692.004,410.00
Other income65.0075.0079.0099.00
Total income2,759.003,350.003,771.004,509.00
Cost of materials consumed571.00688.00790.00882.00
Purchases of stock-in-trade56.0074.0092.00117.00
Changes in inventories-2.00-2.00-3.00-3.00
Employee benefit expense634.00735.00825.001,096.00
Finance costs78.0074.0065.0079.00
Depreciation and amortisation150.00173.00194.00223.00
Other expenses822.00982.001,111.001,398.00
Total expenses2,310.002,723.003,074.003,793.00
Profit before exceptional items and tax449.00627.00697.00716.00
Exceptional items0.000.00-50.00-1.00
Profit before tax449.00627.00647.00715.00
Current tax97.00179.00162.00135.00
Deferred tax26.00-30.004.0026.00
Tax expense123.00149.00166.00161.00
Profit for the period326.00478.00481.00554.00
Profit attributable to owners—478.00481.00556.00
Profit attributable to non-controlling interests—-0.00-0.00-2.00
Other comprehensive income1.00-1.00-1.004.00
Total comprehensive income328.00477.00481.00558.00
Earnings per share, basic12.5817.8017.9220.71
Earnings per share, diluted12.5717.8017.9220.66

Balance sheet, as filed

Line2023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Total assets4,116.004,079.004,304.004,510.004,766.005,410.005,905.00
Non-current assets2,536.002,717.002,795.003,109.003,233.003,681.004,230.00
Current assets1,579.001,362.001,509.001,401.001,533.001,729.001,675.00
Property, plant and equipment1,708.001,750.001,813.001,910.001,975.003,184.003,779.00
Capital work-in-progress327.00351.00386.00453.00529.00318.00132.00
Goodwill0.000.000.000.000.000.000.00
Other intangible assets5.004.004.003.006.0015.0016.00
Inventories60.0073.0067.0076.0067.0073.0079.00
Trade receivables194.00257.00215.00283.00292.00365.00411.00
Cash and cash equivalents767.00354.00425.00300.00230.00759.00127.00
Total equity and liabilities4,116.004,079.004,304.004,510.004,766.005,410.005,905.00
Equity2,428.002,654.002,906.003,143.003,388.003,710.003,984.00
Equity share capital54.0054.0054.0054.0054.0054.0054.00
Other equity2,375.002,600.002,852.003,088.003,333.003,654.003,908.00
Total liabilities1,688.001,425.001,398.001,367.001,379.001,699.001,921.00
Non-current liabilities1,115.00784.00781.00715.00760.00979.001,294.00
Current liabilities573.00641.00618.00653.00619.00721.00627.00
Borrowings, non-current737.00324.00283.00192.00264.00455.001,127.00
Borrowings, current105.00117.00136.00110.0064.0072.0063.00
Trade payables195.00229.00187.00207.00195.00251.00242.00

Cash flow, as filed

Line2023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Net cash from operating activities645.00283.00612.00299.00624.00329.00714.00
Net cash from investing activities-342.00-226.00-441.00-309.00-721.0046.00-1,065.00
Net cash from financing activities346.00-470.00-514.00-115.00-97.00154.00248.00
Purchase of property, plant and equipment236.00106.00279.00264.00517.00413.00838.00
Net increase in cash648.00-413.00-343.00-125.00-194.00529.00-103.00
con:CFO.BEFORE_TAX751.00365.00790.00369.00788.00410.00830.00
con:INTEREST_RECEIVED.OPERATING0.000.000.000.000.000.000.00
con:INTEREST_PAID.OPERATING0.000.000.000.000.000.000.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.000.000.000.00
con:TAX_PAID.OPERATING106.0082.00177.0070.00164.0082.00119.00
con:CF_OTHER.OPERATING0.000.000.000.000.000.004.00
con:INVESTMENTS_PURCHASED0.000.000.003.003.000.000.00
con:INVESTMENTS_SOLD0.000.000.000.000.000.000.00
con:PPE_DISPOSALS1.001.001.001.003.000.001.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.000.000.000.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.000.000.000.000.000.000.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.000.000.000.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group33.0833.0733.0633.0533.0433.0433.0433.0333.0333.010.330.330.330.33
Domestic institutions12.3510.8010.9311.1510.2510.5711.1110.5111.9312.200.130.140.150.17
Mutual funds—————————10.660.120.130.140.16
Insurance companies1.131.030.991.051.030.600.590.660.690.660.010.010.010.01
Foreign institutions9.8910.5810.6911.3612.0912.9412.2012.4711.7611.540.110.110.100.09
Government———————————0.000.000.00
Public66.9266.9366.9466.9566.9666.9666.9666.9766.9766.930.670.670.670.67
Non-institutional44.6845.5545.3344.4444.6143.4443.6543.9843.2843.190.430.420.420.41
Shares outstanding268195172268267382268407382268427382268507382268507382268547382268587382268587382268770382268790382268790382268790382268871782

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
Medanta Holdings Private LimitedSubsidiaryAny other transaction, Interest received436,680,000.007
Global Health Patliputra Private LimitedSubsidiaryAny other transaction, Interest received, Loan305,960,000.006
Dr. Naresh TrehanDirectorAny other transaction130,460,000.001
GHL Pharma Diagnostics Pvt LtdSubsidiaryAny other transaction, Interest received, Loan52,500,000.008
Pankaj SahniDirectorAny other transaction27,970,000.001
S.A.S Infotech Private LimitedEntity Control by directorAny other transaction, Sale of goods or services26,010,000.002
Devyani International LimitedCommon directorAny other transaction, Sale of goods or services23,700,000.004
Medanta Foundation – Poor And Needy Patients Welfare TrustKMP of Company are trustee of TrusAny other transaction, Sale of goods or services22,600,000.005
GHL Hospital LimitedSubsidiaryAny other transaction12,500,000.002
Rakesh KapoorKMPAny other transaction10,830,000.001
Yogesh Kumar GuptaKMPAny other transaction10,740,000.001
Pranab BalKMPAny other transaction8,060,000.001
Mr Rajdeep PanwarKMPAny other transaction4,950,000.001
IFANFLEX Private LimitedEntity Control by directorAny other transaction4,880,000.001
Dr. Ravi Shankar SinghKMPAny other transaction4,840,000.001

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-08-05Q1FY27SECURITIESRead the call
2026-05-20Q4FY26Read the call
2026-02-09Q3FY26Read the call
2025-08-15Q1FY26Read the call
2025-05-21Q4FY25FINANCIAL SERVICES LIMITEDRead the call
2025-02-12Q3FY25Read the call
2024-11-21Q2FY25Read the call
2024-08-16Q1FY25FINANCIAL SERVICES LIMITEDRead the call
2024-05-25Q4FY24Read the call
2024-02-14Q3FY24FINANCIAL SERVICES LIMTIEDRead the call
2023-11-18Q2FY24Read the call
2023-08-18Q1FY24Read the call
2023-06-03Q4FY23Read the call
2023-02-20Q3FY23Read the call

What they said about it, quarter by quarter

TopicQ3FY23Q3FY24Q3FY25Q3FY26Q4FY23Q4FY24Q4FY25Q4FY26
CapexOur investment will be only to the extent of the medical equipment, the partner will give the rest of the entire facility equipment investment, capex,…We have incurred capex of approximately INR 1,770 million during nine-month-ended December '23, out of which 66%, which is INR 1,170 million, was incu…So, total CAPEX for the next 3 to 4 years is somewhere around Rs.These additions are expected to drive near to medium-term growth with minimal incremental capex.During the year, we have also incurred net capital expenditure of about INR 2,846 million, out of which INR 659 million has been incurred towards our …During FY24, we incurred capex of INR 3,035 million, out of which INR 995 million was incurred towards Noida Hospital.Sir, could you please repeat the capex numbers?This is a build-to-suit structure where our capex would be towards MEP, interior fit-out and medical equipment.
Capital allocationOne, unlike some of the stand-alone labs, we do not really have the same kind of customer acquisition costs that would be there in newer age stand-alo…—Sir, another question is, Max has also entered in Noida with Jaypee acquisition.In Mumbai, land acquisition is complete, additional FSI approvals have been received and drawings submitted for approval.———Subsequently to the year-end, in May 2026, we expanded our presence in Indore through acquisition of a 80-bed hospital.
Costs—So to the extent that we maintain that conservatism, there may be some input cost increases as we think about doctor costs, as you think about the ten…————And the intention is not to overly burden the patient community with increased tariffs, but just to cover for the inflationary and input cost aspects.—
Debt and cash——Sir, could you firstly tell me the net debt or cash position of the company currently?———And just to clarify, even our greenfield projects, which we will completely are typically on a cash flow point of view, typically also back-end loaded…We exited FY2026 with a net cash position of INR 5,906 million and generated operating cash flow of INR 7,144 million during the year growing at a 4-y…
DemandWhen you look at the occupied bed days in the mature facilities, the dip is really related to the fact that last year was an exceptionally high volume…Second, Medanta Lucknow has also launched advanced NICU ambulance and child development center amid growing demand for quality mother and child care h…But yeah, we are very bullish on both the units and we actually see a fairly strong demand in terms of our Patna unit as well, which is just now comin…Global Health Limited February 05, 2026 To meet the growing demand for advanced oncology care, our Gurugram facility commissioned its 5th Radiation On…At Lucknow, strong demand resulted in us bringing forward our bed expansion plans a little bit.Additionally, four new operating theatres were made operational in Patna hospital to meet the increasing demand for surgical procedures and critical c…—Across the entire expansion pipeline, total project capex over the next 5 years is approximately INR 45,000 million.
GuidanceWhile we do feel that there are margin growth opportunities to be captured we don't really give any firm guidance for the next quarter.At Medanta, patient wellbeing is at the heart of our strategy and these values will continue to guide our decision making as we move forward in other …And can we expect the event is to move towards 10% kind of number in the next one year?Is it a quarter phenomenon or do we expect structurally ALOS coming off there?Medanta – Global Health Limited May 29, 2023 Noida, which is built as a 550 bed facility, we anticipate opening somewhere towards the latter part of f…So, how are we placed with respect to that, how much impact we expect to have on our business on account of that?So I'm not sure if you covered it earlier, but I wanted to know the outlook for Lucknow hospital.So if the breakeven is in second half, so should we expect some losses even on small amount next year for the Noida?
MarginWhen you look at our EBITDA performance over the group over that period, we continue to see very strong EBITDA margins across the group.EBITDA margins increased by 305 basis points from 24.3% in Q3 FY23 to 27.4% in Q3 FY24. Improvement in EBITDA margins is mainly because of higher oper…So, if I can ask one last question, the Noida facility, which starts in six months, would you be able to hazard a guess in terms of what could be the …EBITDA, excluding Noida, grew by 11% year-on-year to Rs.2,814 million, with healthy margins of 25.4%, underscoring the resilience and operating levera…FY2022-23 has been a landmark year, in the journey of Medanta. o We transitioned from a private company to a public company in November ’22, with our …EBITDA grew by 29% year-over-year reaching INR 6,002 million.Medanta has been very fortunate that we've been able to deliver EBITDA breakeven in our recent facilities of both Patna and Lucknow within the first y…The EBITDA excluding Noida, grew by 19% year-on-year to INR 11,343 million.
PeopleAnd two, while you'll get efficiencies in Patna going as utilization or occupancy ramps up there, will that be offset by the new bids that come in at …The second aspect, when you think about the utilization of our cash, of course, we are looking at growth opportunities beyond our organic.And I believe, I forget exactly which quarter it was now, but even in a couple of the prior quarters, we have also been hiring in talent.We remain confident of steady improvement in utilization and financial performance over the coming quarters.So we are looking at, how we reorient some of the care that, we deliver, including looking at how we can think about more daycare, better utilization …So, we are currently hiring as we speak.Secondly, we are still doing very aggressive hiring in both the units.So we will be hiring in almost every single unit.
PricingWhile we have seen over last 12 months to 15 months, there has been significant amount of competition entering, be it online or other corporates and g…Are we planning any more price hikes next year?—And my last question is on your plan for price increase, which is obviously not your focus, but as you focus more on the volume growth, but in terms o…We hadn't taken very significant tariff increases for several years, some of that was because of COVID but in general, we are reasonably conservative …———
Revenue growthQuestion is, mature hospital growth was flat for the nine months in terms of EBITDA and there was actually a decline in occupied beds.Medanta reported consolidated total income of INR 8,545 million, a strong growth of 21% year-on-year.If you look at the international business are specifically only for Gurgaon, I think it would be significantly higher than 6% of the topline, maybe cl…Our developing hospitals excluding Noida continue to outperform, recording 22% revenue growth to Rs.3,651 million and EBITDA of Rs.1,156 million, grow…Some highlights starting with our financial performance, on the revenue side, our consolidated total income of INR 27,592 million has shown a strong g…With that, let me just walk you through what is happening as far as our commitment to excellence and the growth of our medical services and also the s…—Moving to the developing portfolio, our developing hospitals, excluding Noida, continue to outperform recording 29% year-on-year revenue growth to INR…