Yatharth Hospitals Reports Robust Revenue Growth Of 39% YoY To Rs. 1,545 Mn; EBITDA Up By 61% YoY; PAT Up By 73% YoY

Yatharth Hospital and Trauma Care Services Ltd, one of the leading private super specialty hospitals in Delhi NCR, announced its financial results today for the quarter ended June 30, 2023.

Key Highlights for the Quarter

·         Operational Revenue was Rs. 1,545 mn, up 39% YoY and 7% QoQ

·         Bed occupancy was at 51%, compared to 49% in Q4FY23 and 40% in Q1FY23

·         ARPOB increased to Rs. 28,140, compared to Rs. 27,706 in Q4FY23 and Rs. 26,457 in Q1FY23

·         EBITDA was Rs. 414 mn, up 61% YoY and 8% QoQ

·         EBITDA margin expanded by 368 bps YoY and 5 bps QoQ to 26.8%

·         PAT was Rs. 190 mn, up 73% YoY and 10% QoQ

Commenting on the performance, Mr. Yatharth Tyagi, Whole Time Director, Yatharth Hospital and Trauma Care Services Ltd said, “This quarter marked a pivotal landmark for our organization with a successful listing on the stock exchanges. We are pleased to report robust performance in our maiden quarter. Our revenue grew by 39% YoY to Rs. 1,545 mn, while our PAT increased by 73% YoY. During the quarter, Yatharth Hospitals registered one of the highest year-on-year growth rates in the hospital industry. Our ongoing investments reflect a strategic approach to nurturing well-balanced future growth, exemplified by ongoing expansion initiatives, both organic and inorganic.

We continue to diversify our specialty mix and introduce new specialties across all our hospitals. The past few quarters witnessed a successful ramp-up of our organ transplant and oncology treatments. We are further strengthening our specialties, offering a full suite of oncology treatments, and expanding our organ transplant operations, which is expected to drive ARPOB improvement in the upcoming quarters.

About Yatharth Hospital & Trauma Care Services Ltd:

Yatharth Hospital & Trauma Care Services Limited (Yatharth Hospitals) operates three super specialty hospitals located in National Capital Region of Delhi (“Delhi NCR”), i.e., at Noida, Greater Noida and Noida Extension, Uttar Pradesh. Its Noida Extension Hospital and Greater Noida is the 8th and 10th largest private hospital in the Delhi NCR, respectively, in terms of number of beds in Fiscal 2023. Further, it acquired a 305-bedded multi-specialty hospital in Orchha, Madhya Pradesh near Jhansi, Uttar Pradesh (“Jhansi-Orchha”) which commenced commercial operations from April 10, 2022 and is one of the largest hospitals in Jhansi- Orchha-Gwalior region in terms of number of beds. With this acquisition, its total bed capacity has increased to 1,405 beds. In addition, its critical care program comprises 394 critical care beds, as of March 31, 2023. Further, its Noida Extension hospital with 450 beds is one of the largest hospitals in the Noida Extension, Uttar Pradesh region. As of March 31, 2023, it engaged 609 doctors and offer healthcare services across several specialties and super specialties.