ScoutQuest30 Oct 2026
Max Healthcare Institute543220Capex expansion plan

Max Healthcare Institute Ltd press release, Q2 FY27

Max Healthcare's board approved ₹415 Cr capex for 209 brownfield beds across its existing hospitals.

By ScoutQuest · · 1 min read

₹ 6,200 Cr
Q2 FY27₹ 3,219 CrH1 FY27₹ 6,200 Cr
Network gross revenue: ₹ 3,219 Cr (Q2 FY27) and ₹ 6,200 Cr (H1 FY27).
Approved Capex
₹415 Cr capex for 209 brownfield beds across existing hospitals
Operating EBITDA Margin Q2 FY27
26.8% vs 26.9% in Q2 FY26; up from 24.8% in Q1 FY27
Net Debt
₹ 2,369 Cr at 30 September 2026 vs ₹ 2,067 Cr a year earlier
Release
Results press release
Period
Q2 FY27

_Basis not stated · Q2 & H1 FY27_

📉 Operating EBITDA margin, Q2 FY27: fell to 26.8% from 26.9% in Q2 FY26

🔬 The new Oncology Block at MSSH, Dwarka houses chemotherapy day care, dialysis, LINAC, PET-CT and a pathology lab, and the company says the main hospital will reach 318 beds during Q3 FY27.

📊 Operating EBITDA margin slipped to 26.8% in Q2 FY27 from 26.9% a year earlier, though it rose from 24.8% in Q1 FY27.

📉 Net debt rose to ₹ 2,369 Cr at 30 September 2026 from ₹ 2,067 Cr a year earlier, though it fell from ₹ 2,384 Cr at 30 June 2026.

66.34%Shareholding in Kalinga Hospital Ltd
Shareholding in Kalinga Hospital Ltd: ~66.34%.
More numbers
  • Network gross revenue, Q2 FY27₹ 3,219 Cr
  • Network PAT, Q2 FY27₹ 448 Cr
  • Network gross revenue, H1 FY27₹ 6,200 Cr
  • Network PAT, H1 FY27₹ 805 Cr
  • Operating EBITDA margin, Q2 FY2726.8%
  • Net debt, 30 Sep 2026₹ 2,369 Cr
  • Max Lab gross revenue, Q2 FY27₹ 66 Cr
  • Max@Home gross revenue, Q2 FY27₹ 86 Cr
  • Operational bed capacity, end Sep 20265,518
  • Capex approved for brownfield beds₹ 415 Cr
  • Shareholding in Kalinga Hospital Ltd~66.34%
Source: BSE · 30 Oct 2026

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