FY2025 Investor Presentation Overview
FY2025 Investor Presentation Overview
Ref:- GHL/2025-26/EXCH/19
Dear Sir(s),
Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, please find enclosed herewith the revised Investor Presentation for
the fourth quarter and financial year ended March 31, 2025 Results.
Kindly refer to slide no 13, 19, 22 and 26 of the presentation for the changes and also refer to the note
“Matured and Developing hospitals numbers have been restated due to the merger of MHPL (Lucknow
Unit) with GHL (holding company). The intercompany transactions between two companies were
eliminated as per the requirement of accounting standards.”
Thanking you,
Yours faithfully
Rahul Ranjan
Company Secretary & Compliance Officer
M. No. A17035
Encl: a/a
Regd. Office: E-18, Defence Colony, New Delhi 110024, Ph No.011- 44114411 [Link], info@[Link], CIN: L85110DL2004PLC128319
GLOBAL HEALTH LIMITED
Dedicated to Life
Investor Presentation
Q4 and FY2025
5
15th May, 2025
1
Disclaimer
These forward looking statements are based on information currently available to us, and we
assume no obligation to revise these statements as circumstances change. The Company may
alter, modify or otherwise change in any manner the content of Presentation/Press Release,
without obligation to notify any person of such revision or changes.
2
Contents
01 FY2025: Year at a Glance
06 Annexures
3
01 FY2025: Year at a Glance
4
One of the largest private hospital chains in North and East India
Serving over 400 million people in the States with Medanta facilities
private hospital in 64
Guwahati
Uttar Pradesh Lucknow 60 Assam
Bihar
with planned bed
capacity of 950 Patna Continuity of care
Jharkhand
Mumbai
Ranchi; 2nd largest private
Mumbai; ~500 beds hospital in Ranchi bed
super speciality capacity of 200
hospital under New 110 bedded hospital to Our People
construction at be operationalized under an
O&M arrangement
Oshiwara Nurses and Full-time and
Doctors
paramedics retainer employees
Consolidated: Total 219 beds added during the year, 7.8% bed growth 119+ Doctors on-boarded in FY25 across Medanta
network hospitals
Gurugram: Inaugurated dedicated floor for mother and child with 49 beds
(including 25+ dedicated neonatal beds) in Q1 FY25 45+ senior clinicians; on-boarded during the year
Lucknow: Total 98 beds added in March 2024 and 58 beds added in FY2025 Strengthening clinical capability through talent
additions
Patna: Total 112 beds including 55 census beds and 57 day care beds comprising
of 39 Dialysis and 17 Chemo beds added in FY2025
Ranchi: Lease agreement signed to operate and manage a newly built 110
bedded hospital in Ranchi, expected to operationalize in Q1 FY26
Noida with total capacity of 550 beds: Construction in full swing, 300 beds
expected to operationalise by Q2 FY26
Continuity of Care
Mumbai: Land acquired in Mumbai in October 2024. Barricading of the land is
complete. Architectural drawings are currently under preparation 2 new labs, 1 National Reference Laboratory and 100+
collection centres added in FY2025, taking total labs to
Pitampura, New Delhi: Signed O&M Agreement to operate and manage a ~750 11 and collections centre to 225+
bedded hospital. To be jointly built by Medanta and Society. Architectural
drawings are currently under preparation 7 new retail pharmacy operationalized outside of
hospitals during the year
Guwahati, Assam: Board has approved project to build a 400 bedded hospital
2 new Medanta clinics launched in Gurgaon and
in Guwahati. Land purchase is in progress (announced in April, 2025) Ranchi
6
Advancing care: New equipment additions in FY2025
Providing the latest tools to enable our doctors to deliver the greatest care
Medanta Gurugram Medanta Lucknow
Magnetom Vida MRI System Da Vinci Xi Single robotic system Surgical Robot (Da Vinci)
s
with Paradigm Generator single console
7
FY2025 clinical achievements
Continuing the legacy of clinical excellence
Medanta Lucknow successfully performed the Group’s first CAR-T cell therapy, marking a significant milestone in advanced cancer
care. Following this, Medanta Gurugram also conducted CAR-T cell therapy—an innovative treatment that leverages the patient’s own
immune system to combat cancer
Medanta Lucknow becoming known as a centre of excellence for robotic surgeries in Uttar Pradesh. 100+ robotic surgeries in first 6
months
Medanta Lucknow crossed the milestone of 250+ kidney transplants since inception. Establishing itself as a leading centre for renal
transplantation in the region
Medanta Gurugram successfully addresses a complex case of peripheral arterial disease with Stealth Orbital 360 Atherectomy –
setting a new standard of care, with a focus on re-intervention if needed in a 'leave no metal behind' approach
s
Medanta Patna saves infant through early detection of Trichohepatoenteric Syndrome - one of world's rarest disorders
Medanta Gurugram patents Brachytherapy device MAOLO for advanced Cervical Cancer treatment
Medanta Gurugram doctors uses minimally invasive unique approach to treat rare heart condition Idiopathi Chylopericardium
Medanta Gurugram successfully performed a complex 14-hour surgery on a 2-year-old boy to remove a rare facial tumour
(Myofibroblastoma)
8
Merger of wholly owned subsidiary MHPL with GHL completed in March
2025, with appointed date as 1st April, 2024
Current Structure Proposed merger of a wholly owned subsidiary MHPL with and into GHL by undertaking the scheme
of amalgamation w.e.f. 1st April, 2024
Promoters Public
MHPL runs a hospital in Lucknow, Uttar Pradesh which is referred to as “Medanta Lucknow Hospital”
33.07% 66.93%
GHL o Streamline legal, regulatory, and record-keeping processes, reducing complexity and compliance
costs
100% Amalgamation of MHPL
with and into GHL
o Cost savings through reduced overhead, administrative, and managerial expenses
MHPL
o Operational synergies that drive economies of scale and enhance organizational capabilities to
better compete in a competitive industry
Immovable Property
in Lucknow
o Export benefits of GHL under the EPCG scheme will get extended to Lucknow unit post merger
o Optimized fund deployment for both organic and inorganic growth, maximizing shareholder value
Resultant Structure The Hon’ble NCLT has approved the merger and MHPL is dissolved and merged with GHL with
appointed date as 1st April, 2024
Non recurring one time expense provision was made amounting to INR 499 million pertaining to
Promoters Public
stamp duty payable due to merger
33.07% 66.93%
MHPL was a wholly owned subsidiary of GHL, therefore no consideration was issued
GHL
Merger Status and Timeline
March 2024 August 2024 January 2025 February 2025 March 2025
Board Approved Shareholders / NCLT Final Hearing, NCLT Merger MHPL Dissolved and
MHPL along Existing
with Merger Creditors Approval Order Reserved Approved merged with GHL
business
immovable
property P P P P P
9
Consistent in pursuit of clinical excellence
Recognized as Best Private Hospital in India six years in a row by Newsweek
For the Sixth year in a row, Medanta Gurugram has been recognised as
India’s best private hospital in the prestigious ‘World's Best Hospitals 2025’
ranking by Newsweek
Only Indian private hospital to feature in the elite list of top 150 hospitals,
globally
Selected from over 2,400 centres across 30 countries basis the feedback
of over 85,000 medical experts, patient surveys and public data on key
metric such as hygiene, patient-to-doctor ratio, Patient Reported Outcome
Measures (PROM)
10
02 FY2025 Performance Update
11
FY2025 performance summary
Revenue growth of 13% y-o-y, primarily led by increase in patient volumes. Announced first ever dividend of
25% (INR 0.50 per share)
Adjusted PAT*
INR 37,714 million INR 9,562 million INR 4,813 million INR 5,186 million
Total Income
EBITDA
PAT
FY24 FY24 FY24 FY24
33,498 million
12.6% 8,737 million
Margin: 26.1% 9.4% 4,781 million
Margin: 14.3% 0.7% 4,781 million
Margin: 14.3% 8.5%
Patient Footfalls
174,219 29,37,400
Occupied Bed
ALOS (days)
In-patients Out-patients
Days
*In Q4 FY25 and FY25, PBT and PAT is impacted due to non-recurring exceptional expense item of INR 499 million arising due to merger of MHPL with GHL
1. ARPOB is calculated on Hospital Revenues excluding Pharmacy and Other Income divided by Occupied bed days
2. Outpatients volume reflects OPD encounters 12
FY2025 performance summary
Revenue growth of 13% y-o-y, primarily led by increase in patient volumes
• Consolidated Total Income of INR 37,714 million, grew by 12.6% y-o-y. The growth was primarily driven by increase in patient volumes
• EBITDA was INR 9,562 million, growth of 9.4% y-o-y. EBITDA margins stood at 25.4% compared to 26.1% in FY24
• Profit After Tax was INR 4,813 million, with PAT margins of 12.8%
• Profit After Tax was impacted due to non-recurring exceptional expense item of INR 499 million arising due to merger of MHPL (Lucknow entity)
with GHL. Adjusted PAT was INR 5,186 million with margins of 13.8% and growth of 8.5% y-o-y
• The board of directors have recommended a final dividend of 25% on the face value of INR 2 per share i.e. INR 0.50 per share
• During the year, 219 new beds were added, growth of 7.8% y-o-y, comprising of 49 beds at Gurugram, 58 at Lucknow and 112 beds at Patna hospital
• Occupied bed days increased by 10.0%, representing an occupancy of 62.1% on increased bed capacity
• In-patients count increased by 11.7% and Out-patients count increased by 9.5% y-o-y
• Matured hospitals revenue was INR 26,119 million, growth of 10.6% on y-o-y basis. EBITDA was INR 6,481 million, growth of 12.1% y-o-y
• Developing hospitals revenue was INR 10,940 million, growth of 10.0% on y-o-y basis. EBITDA was INR 3,290 million, growth of 1.8% y-o-y
• During the period, International Patients Revenue increased by 7.8% y-o-y to INR 2,086 million, driven by increased international patient volume
• OPD Pharmacy (Hospital & Retail) continues to register strong growth. Revenue increased by 26% y-o-y to INR 1,400 million in FY25
Notes:
Matured and Developing hospitals number have been restated due to the merger of MHPL (Lucknow Unit) with GHL (holding company). The intercompany
transactions between two companies were eliminated as per the requirement of accounting standards
Previous period figures have been regrouped/reclassified to conform to the current period's classification
*ARPOB is calculated on Hospital Revenues excluding Pharmacy and Other Income divided by Occupied bed days 13
FY2025 performance summary
Net cash Positon of INR 8,123 million. Well capitalized balance sheet with strong EBITDA to
cash flow conversion
Key Highlights
INR million FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Gross Debt 6,219 6,446 8,379 8,422 4,193 3,279 • Gross Debt reduced by INR 914 million
Cash and Cash Equivalents 2,740 3,081 5,222 13,114 11,913 11,402
• Net Cash surplus of INR 8,123 million at the
end of 31st March, 2025
Net Debt / (Net Cash) 3,480 3,365 3,156 (4,692) (7,720) (8,123)
• Strong operating cash flow with robust
EBITDA to cash flow conversion
Shareholder Equity 13,495 13,823 16,160 24,282 29,056 33,864
• Capex of INR 6,449 million incurred during
Net Debt to Equity (x) 0.3x 0.2x 0.2x - - the year out of which INR 1,367 million
incurred towards Mumbai hospital
Net Cash flow from Operations 1,751 2,418 3,113 6,445 6,121 6,238
• Well capitalized balance sheet to drive
EBITDA 2,305 2,229 4,898 6,771 8,737 9,562 future expansion plans and growth
Cash Flow Conversion (%) 76% 108% 64% 95% 70% 65% • The board of directors have recommended
a final dividend of INR 0.50 per share, 25%
Net Debt to EBITDA (x) 1.5x 1.5x 0.6x - - - on the face value of INR 2 per share
14
Key operating metrics: Revenue and profitability
Consistently delivering strong CAGR growth across key financial metrics
Total Income (INR million) EBITDA (INR million and margin %)
FY2021-25 CAGR2: 26% FY2021-25 CAGR2: 44%
+12.6%
FY2020-25 CAGR: 20% FY2020-25 CAGR: 33% +9.4%
37,714
33,498 9,562
8,737
27,592
6,771
22,058
4,897
14,782
2,229
FY2021 FY2022 FY2023 FY2024 FY2025 FY2021 FY2022 FY2023 FY2024 FY2025
15.1% 22.2% 24.5% 26.1% 25.4%
Profit before tax1 (INR million and margin%) Profit after tax1 (INR million and margin %)
4,493 3,261
2,805 1,962
325 288
FY2021 FY2022 FY2023 FY2024 FY2025 FY2021 FY2022 FY2023 FY2024 FY2025
2.2% 12.7% 16.3% 18.7% 17.2% 1.9% 8.9% 11.8% 14.3% 12.8%
1. In FY2025, PBT and PAT is impacted due to non-recurring exceptional expense item of INR 499 million arising due to merger of MHPL with [Link] and PAT Growth in FY25 adjusted for one time expense was 11.2% y-o-y
and 8.5% y-o-y respectively 15
2. FY2021 was impacted due to Covid-19 therefore resulting in higher CAGR growth
Key operating metrics: Volumes, occupancies, ALOS
Strong volume growth, increased bed capacity and improvements in ALOS
Census and occupied beds ALOS (days)
+10.1%
3.89 -1.9%
3.76
2,440 3.25 3.23
2,049 2,231 +9.4% 3.17
1,779
1,579 1,514
1,205 1,375
1,076
814
FY2021 FY2022 FY2023 FY2024 FY2025 FY2021 FY2022 FY2023 FY2024 FY2025
52% 60% 59% 62% 62%
+11.7% +9.5%
174 2,937
156 2,683
135 2,275
1,971
102
76
1,102
FY2021 FY2022 FY2023 FY2024 FY2025 FY2021 FY2022 FY2023 FY2024 FY2025
16
Key operating metrics: ARPOB and revenue mix
IPD Revenue mix by payor is changing due to uptick in scheme business at Patna and Lucknow
ARPOB* (INR) IPD Revenue mix by payor category**
+1.3%
1. ARPOB is calculated on Hospital Revenues excluding Pharmacy and Other Income divided by Occupied bed days
17
2. IPD revenue mix by payor category is based on payment type
Diverse revenue1 mix across all complex specialties
Significant contribution from complex specialties, cancer contribution is increasing
10.8%
Cancer 12.3% 13.7%
11.5% 12.3%
11.2%
Neuro 10.5%
11.4% 11.2% 11.4%
7.2%
Kidney & Urology 8.0%
7.5% 7.6% 7.6%
11.3%
Internal Medicine 10.9% 6.9% 6.2% 6.6%
Ortho 4.5% 4.7% 4.8%
3.7% 5.1%
4.0% 3.6% 3.4% 3.1%
Liver Transplant 3.9%
Notes:
1. Revenue from healthcare services excludes pharmacy revenue and other income
2. Revenue breakdowns are provided as per internal MIS at the Company’s consolidated level
3. Cancer includes medical oncology, radiation oncology, head & neck surgery, bone marrow transplant and breast surgery
18
Volume led growth in both mature and developing hospitals
Patna delivered robust growth during the year, offset by subdued performance in Lucknow during H1 FY25
Matured hospitals - Over 6 years Developing hospitals - Less than 6 years
Total Income (INR million) EBITDA (INR million and margin %) Total Income (INR million) EBITDA (INR million and margin %)
Occupied Bed Days ARPOB* (INR) Occupied Bed Days ARPOB* (INR)
+5.4% +4.6% +18.7% -4.3%
*ARPOB is calculated on Hospital Revenues excluding Pharmacy and Other Income divided by Occupied bed days
Matured and Developing hospitals number have been restated due to the merger of MHPL (Lucknow Unit) with GHL (holding company). The intercompany transactions between two companies were eliminated as per
the requirement of accounting standards 19
Previous period figures have been regrouped/reclassified to conform to the current period's classification
03 Q4 FY2025 Performance Update
20
Q4 FY2025 performance summary
Delivered strong Revenue and EBITDA y-o-y growth of 14% and 20% respectively, led by volume growth
Adjusted PAT*
INR 9,542 million INR 2,476 million INR 1,014 million INR 1,387 million
Total Income
EBITDA
PAT
Q4 FY24 Q4 FY24 Q4 FY24 Q4 FY24
8,361 million 14.1% 2,068 million
Margin: 24.7% 19.8% 1,273 million
Margin: 15.2% -20.4% 1,273 million
Margin: 15.2% 8.9%
Patient Footfalls
42,901 718,008
Occupied Bed
ALOS (days)
In-patients Out-patients
Days
* In Q4 FY25 and FY25, PBT and PAT is impacted due to non-recurring exceptional expense item of INR 499 million arising due to merger of MHPL with GHL
1. ARPOB is calculated on Hospital Revenues excluding Pharmacy and Other Income divided by Occupied bed days
21
2. Outpatients volume reflects OPD encounters
Q4 FY2025 performance summary
Quarter performance led by strong growth in developing units
• Consolidated Total Income of INR 9,542 million, grew by 14.1% y-o-y, primarily led by patient volume growth
• EBITDA was INR 2,476 million, growth of 19.8% y-o-y. EBITDA margins improved from 24.7% in Q4 FY24 to 26.0% in Q4 FY25
• Profit After Tax was INR 1,014 million with PAT margins of 10.6%
• In Q4 FY25 Profit After Tax is impacted due to non-recurring exceptional expense item of INR 499 million arising due to merger of
MHPL with GHL. Adjusted PAT was INR 1,387 million with margins of 14.5% and growth of 8.9% y-o-y
• Occupied bed days increased by 12.3% y-o-y, representing an occupancy of 61.3% on increased bed capacity
• ARPOB grew marginally by 0.9% y-o-y to 63,629 in Q4 FY25. In-patients count increased by 15.2% and Out-patients count increased by
12.9% y-o-y
• Matured hospitals revenue was INR 6,541 million, growth of 8.0% on y-o-y basis. EBITDA was INR 1,685 million, growth of 12.9% y-o-y
• Developing hospitals revenue was INR 2,814 million, growth of 24.2% on y-o-y basis. EBITDA was INR 850 million, growth of 35.6% y-o-y
• During the quarter, International Patients Revenue increased by 17% y-o-y to INR 557 million, driven by increased international patient
volume
• OPD Pharmacy (Hospital & Retail) business continues to register strong growth. Revenue increased by 27.3% y-o-y to INR 340 million in
Q4 FY25
Notes:
Matured and Developing hospitals number have been restated due to the merger of MHPL (Lucknow Unit) with GHL (holding company). The intercompany
transactions between two companies were eliminated as per the requirement of accounting standards
Previous period figures have been regrouped/reclassified to conform to the current period's classification
22
• ARPOB is calculated on Hospital Revenues excluding Pharmacy and Other Income divided by Occupied bed days
Key operating metrics: Revenue and profitability
Registered strong Total Income and EBITDA y-o-y growth of 14% and 20% respectively in Q4 FY25
Total Income (INR million) EBITDA (INR million and margin %)
+14.1%
+19.8%
9,595 9,542
8,361 2,538 2,476
2,068
Profit before tax (INR million and margin%) Profit after tax (INR million and margin %)
-6.8% -20.4%
1,891 1,429
1,273
1,431 1,334 1,014
• In Q4 FY25, PBT and PAT is impacted due to non-recurring exceptional expense item of INR 499 million arising due to merger of MHPL with 23
GHL. PBT and PAT Growth in Q4 FY25 adjusted for one time expense was 28.1% y-o-y and 8.9% y-o-y respectively
Key operating metrics: Volumes, occupancies, ALOS
Strong volume growth, increased bed capacity and improvements in ALOS
Census and occupied beds ALOS (days)
+13.2% -2.4%
2,480 2,480 3.27 3.23 3.19
2,256 +9.9%
1,577 1,518
1,341
+15.2% +12.9%
45 43 720 718
37 636
24
Key operating metrics: ARPOB and revenue mix
ARPOB marginally grow due to change in speciality mix
ARPOB* (INR) IPD Revenue mix by payor category
+0.9%
63,063 61,307 63,629
59% 55% 57%
25
*ARPOB is calculated on Hospital Revenues excluding Pharmacy and Other Income divided by Occupied bed days
Growth seen in both mature and new hospitals
Developing hospitals continues to deliver strong revenue and EBITDA growth
Matured hospitals - Over 6 years Developing hospitals - Less than 6 years
Total Income (INR million) EBITDA (INR million and margin %) Total Income (INR million) EBITDA (INR million and margin %)
Occupied Bed Days ARPOB* (INR) Occupied Bed Days ARPOB* (INR)
+1.6% +5.8% +36.3% -6.7%
84,303 85,624 65,746 69,592 51,137 57,696 53,818
37,531
*ARPOB is calculated on Hospital Revenues excluding Pharmacy and Other Income divided by Occupied bed days
Matured and Developing hospitals numbers have been restated due to the merger of MHPL (Lucknow Unit) with GHL (holding company). The intercompany transactions between two companies were eliminated as per
the requirement of accounting standards 26
Previous period figures have been regrouped/reclassified to conform to the current period's classification
04 Project Update and Capex Plan
27
Noida hospital construction update
97% superstructure complete; MEP work in progress. Expected to commence operations in Q2 FY26
*Actual images
28
Medanta to enter Mumbai market with a state-of-the-art, 500+ bedded
super-specialty hospital at Oshiwara, Mumbai
The facility is expected to have a capacity of 500+ beds and will set new
benchmarks in healthcare delivery, providing world-class medical services and
advanced treatment options to the residents of Mumbai and surrounding regions
The project cost including Land and FSI purchase is estimated to be in the range
of ~INR 1,200 crores
Final plot area is now 9,287.54 sqm after final measurement and company has
paid INR 6.05 crores for additional area of 428.34 sqm
Barricading of the site has been completed. IOA approval has been obtained,
application for commencement of construction upto plinth level filed
29
Delhi: Strengthening our presence in the region with a planned capacity of ~1,150 beds
Expanding into the high-growth, densely populated micro markets of Northwest and South Delhi
Super specialty hospital in North West Delhi Super specialty hospital in South Delhi
30
Completing the campus
Establishing world class medical college and guest house for out of city patients
*The artistic image for illustration purposes only *The artistic image for illustration purposes only
31
On-going expansion projects
Planned bed capacity addition; well positioned to drive near term growth
400
~1,000 bed addition
750
~219 bed addition +33.9% 400 500
+7.8%
100 50 250
100 100
2,823 110 22 300 6,124
49 58 112
3,042 4,074
31-Mar-24Gurugram Lucknow Patna FY25e Ranchi Patna - Noida - Lucknow Patna - Lucknow Patna Noida FY27e South Mumbai Pitampura,Guwahati
New - Q1 FY26 Q2 FY26 - H2 FY26 Q4 FY26 Delhi Delhi
Q1 FY26
Gurugram:, Inaugurated dedicated floor for mother and child with 49 beds (including 25+ dedicated neonatal beds) in Q1 FY25
Lucknow: Total 98 beds added in March 2024 and 58 beds added in FY2025
Patna: Total 112 beds including 55 census beds and 57 day care beds comprising of 39 Dialysis and 17 Chemo beds added in FY2025
Ranchi: Lease agreement signed to operate and manage a newly built 110 bedded hospital in Ranchi, expected to operationalize in Q1 FY26
Noida with total capacity of 550 beds: 300 beds planned expected to operationalise by Q2 FY26
South Delhi: Announced 400 bed in partnership with DLF. Site survey complete, soil testing complete and barricading is in progress
Mumbai: Land acquired in Mumbai in October 2024. Barricading of the land is complete. Architectural drawings are currently under preparation
Pitampura, New Delhi: Signed O&M Agreement to jointly build and operate and manage a ~750 bed hospital. Architectural drawings are currently under
preparation
Guwahati, Assam: Board has approved the project to build a 400 bedded hospital in Guwahati. Land purchase is in progress (announced in April, 2025)
Indore*: : A 300-bed facility was announced in partnership with a real estate partner. However, the project is currently under review by the company due to ongoing legal 32
proceedings involving the erstwhile owner. Given the uncertainty around timelines, the project has been excluded from the current bed build-out plan.
Capex plan next 5 years
Total capex of over ~INR 3,500 crores planned for next 5 years for ~3,000 bed addition
250
300
510
587
4,051
1,063 3,501
300
459
450 109
23
Maintenance Ranchi Lucknow Noida South Mumbai Pitampura, Guwahati Medical Guest Total
Capex for 3 New and Patna Delhi- DLF Delhi School House Capex
Years
In FY2025, INR 645 crores of capex incurred including INR 137 crores related to Mumbai project
Maintenance capex and capex on bed addition at Lucknow, Patna and Ranchi new unit estimated at ~600 crores to be
incurred over next three years
Total Project capex estimated at INR ~4,000 crores, to be funded by combination of Debt funding and internal accruals
33
Medanta’s Journey, Purpose and
05
Model of Healthcare
34
Medanta was founded to bring a new type of healthcare to India…
… the human side of healthcare
35
Growth from a single flagship hospital in Gurgaon…
…to a network of 5 high quality hospitals across north India
2026E
MEDANTA
2025 HOSPITAL
MEDANTA NOIDA
2021 HOSPITAL
Plan for 550 beds
JAI PRABHA Ranchi** Expected to
2019 MEDANTA SPECIALTY begin phase I
110 Beds
MEDANTA HOSPITAL operations with
Expected to
2015 HOSPITAL
PATNA commence ~300 beds in
MEDANTA ABDUR LUCKNOW operations Q2FY26
RAZZAQUE ANSARI 650 Beds
2014 950 Beds 470 currently by end of Q1 FY26
MEMORIAL WEAVERS
MEDANTA HOSPITAL 757 currently operational including
SUPER SPECIALTY operational 140 ICU beds
2009 HOSPITAL RANCHI including 202 ICU
MEDANTA 200 Beds beds
INDORE
THE MEDICITY 54 ICU Beds
175 Beds
Gurgaon 53 ICU Beds
1,440 Beds
316 ICU Beds IPO
2015
Temasek buys
minority stake in
January
2022
Global Health Ltd
2013 IPO listed on BSE
Carlyle* buys
and NSE on 16th
minority stake in
November*
December
Core Values
38
The Medanta Model of Healthcare
Delivering the highest quality of medicine with care and compassion
Exceptional clinical
talent
What it means for patients and
caregivers?
39
Exceptional clinical talent delivering the highest end of care
World leading clinicians deliver multispecialty integrated care through a doctor led model
1 Clinical team includes recipients of Padma Bhushan, 5 Almost all doctors work full-time and exclusively at
Padma Shri, and BC Roy awards, in addition to other Medanta’s hospitals
accolades
2 Senior doctors trained in leading medical institutions 6 Each specialty operates on a joint rewards system to
mentored in the Medanta way promote a team based approach to care delivery
3 Departmental concept enables sub-specialisation, and 7 Culture of collaboration, cooperation and teamwork with
ensures a combined team-based approach to care multispecialty care integration
4 Autonomy given to each department head to focus on 8 30+ medical specialties led by specialist teams of
the medicine and to drive clinical excellence doctors with an aim to deliver the best medicine
40
Infrastructure designed to create a safe and efficient environment
World class infrastructure that creates the best possible space for healing
41
High standard of care enabled by the latest sophisticated technology
Providing the latest tools to enable our doctors to deliver the greatest care
Artis-Zeego Da Vinci Robotic
Endovascular Biplane Cath Lab
System
Surgical Cath Lab
Enables cardiologists and Enables surgeons to Used for highly
surgeons to work together perform delicate and advanced cranial
on complex procedures complex minimally procedures
such as aortic dissections invasive surgeries
Cyberknife VSI
Robotic Radiosurgery ZEISS KINEVO 900 S Brain SUITE
System Next-generation robotic
visualization system
Non-invasive alternative State of the art
with 3D imaging,
to surgery for the treatment neurosurgery operating
advanced optics, and
of both cancerous and non- theater which includes
precise for complex
cancerous tumours an MRI inside the OT
microsurgeries
42
Experienced senior management team across units
Clinical department heads chair operating and governance committees in each unit
s
Saurabh Upadhyay Richa Singh Rahul Ranjan
SVP and Head HR General Counsel Company Secretary
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Eminent Board of Directors
Marquee domestic and foreign institutions as major shareholders
Others
Board of Directors 10.25%
Promoter
FII
33.03%
11.76%
Shareholding
Mutual Funds
pattern as on 10.36%
Note: All logos used for representation purpose only and copyrights belongs to their respective owners
* Temasek affiliates 44
Medanta is well placed to deliver sustainable growth…
…while maintaining its core values of patient centric care and clinical leadership and quality
CONTINUITY OF
CARE
TECHNOLOGY
Extend clinical THOUGHT
ADVANCEMENT
services outside LEADERSHIP
Use technology to hospital and
ENHANCE Build on our
improve patient across patient
CAPABILITIES thought leadership
experience and grow lifetime
Add new digital health through academics
specialties and and research
ATTRACT BEST improve operating
TALENT efficiencies
Engage prominent,
skilled clinical talent
BED EXPANSION
In existing and
new hospitals
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Aligning strategy with values to deliver positive results for all stakeholders
Growth you can be proud of
• Deliver the highest end of patient centric care by embracing the sickest
patients and treating the most complex cases
• Maintain the courage and integrity to always do what is right and work in
the best interests of our patients, our employees, our investors and our
community. We continue our bed build out and deliver our ‘Medanta
Model of Care’ to those communities where healthcare services remain
underpenetrated
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06 Annexures
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Annexure: Profit and Loss Statement
Year End Quarter
INR million FY24 FY25 Y-o-Y Growth % Q4 FY24 Q3 FY25 Q4 FY25 Y-o-Y Growth %
Revenue from operations 32,751 36,923 12.7% 8,086 9,434 9,312 15.2%
Cost of materials consumed 7,594 8,797 15.8% 1,937 2,292 2,136 10.3%
Employee benefits expense 11,619 13,219 13.8% 2,959 3,300 3,356 13.4%
EBITDA Margins % 26.1% 25.4% (73) bps 24.7% 26.5% 26.0% 122 bps
Profit before tax 6,271 6,473 3.2% 1,431 1,891 1,334 (6.7)%
Profit after tax 4,781 4,813 0.7% 1,273 1,429 1,014 (20.4)%
• In Q4 FY25 and FY25, PBT and PAT is impacted due to non-recurring exceptional expense item of INR 499 million arising due to merger of MHPL with GHL. PAT Growth in Q4 FY25 and FY2025 adjusted for one time expense
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was 8.9% y-o-y and 8.5% y-o-y
Annexure: Operational Parameters
Year End Quarter
Key metrics FY24 FY25 Y-o-Y Growth % Q4 FY24 Q3 FY25 Q4 FY25 Y-o-Y Growth %
Occupied Bed Days 503,239 552,492 9.8% 121,834 145,095 136,761 12.3%
Occupancy Rate % 61.6% 62.0% 38 bps 59.4% 63.6% 61.2% 178 bps
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Annexure: Abbreviations and Definitions
Abbreviations
INR : Indian Rupee
NABH : National Accreditation Board for Hospitals & Healthcare Providers
NABL : National Accreditation Board for Testing and Calibration Laboratories
JCI : Joint Commission International
OPD : Out-Patient Department
IPD : In Patient Department
ICU : Intensive Care Unit
Mn : Million
ARPOB : Average Revenue Per Occupied Bed
ALOS : Average Length of Stay
EBITDA: EBITDA represents Profit before tax after adding back finance costs and depreciation and amortization of the relevant year/period
EBITDA Margin : EBITDA divided by Total Income in percentage
PAT : Profit After Tax
NCR : National Capital Region
Definitions
Bed Capacity / Installed Beds : Total Bed available in the hospital (including census (bed available for mid-night occupancy) and non-census beds (all other
bed available other than census beds, i.e., day-care beds).
Occupied beds : Total Count of patients at midnight at each day
Average Occupancy Levels : (Total Occupied beds/Total census beds) i.e. Excluding day Care bed, Emergency, Dialysis beds, Pre & post catherization &
Observation room
ICU Beds: No of ICU Beds available in the hospital out of census beds
Total Income : Revenue from Operations + Other Income
ARPOB : Income from Health Care Services excluding Pharmacy and Other Income revenue divided by occupied bed days
ALOS : Average number of days spent by admitted inpatients
Revenue mix by Payment Type, i.e. Cash, TPA,CGHS, ECHS, PSU others.
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About Medanta Contact Details
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