Medanta has delivered a robust performance in the second quarter of the fiscal year 2024, demonstrating significant growth across several key financial and operational metrics. The healthcare provider reported a total income of ₹8,647 million for the quarter, with earnings before interest, taxes, depreciation, and amortization (EBITDA) reaching ₹2,336 million. Notably, there was a year-over-year (YoY) surge in profit after tax by 46.1% to ₹1,252 million.
Operational efficiency also saw improvement with a 17.8% YoY increase in Average Occupied Bed Days and a 4.8% YoY rise in Average Revenue Per Occupied Bed (ARPOB) to ₹61,003. These gains reflect Medanta's ability to enhance patient care while effectively managing its resources.
The company's developing hospitals—Medanta Lucknow and Medanta Patna—made significant contributions to the overall revenue and EBITDA, accounting for 31% and 38%, respectively. This indicates the successful expansion and integration of these facilities into Medanta's network.
The hospital group's outpatient department (OPD) pharmacy business experienced a notable growth of 39% YoY, and revenue from international patients increased by 20%. These figures underscore Medanta's growing reach and reputation in both domestic and international markets.
For the first half of FY2024, Medanta posted a total income of ₹16,592 million with an EBITDA of ₹4,329 million. The company also undertook capital expenditures amounting to ₹1,276 million during this period, allocating Rs. 308 million towards the development of the Noida hospital.
Mature hospitals within Medanta's portfolio showed robust growth as well, with a 19.5% YoY increase in revenue, highlighting the strength of established operations. The profit after tax for H1 FY2024 stood at ₹2,272 million (USD1 = INR83.327).
In addition to financial growth, Group CEO and Director Pankaj Sahni announced strategic initiatives aimed at fostering medical expertise and community health improvement. The Medanta Clinical Excellence Program has been launched for MBBS graduates in collaboration with the Health Sector Skills Council. Furthermore, the "TB Free Uttar Pradesh" program is set to be rolled out as part of Medanta's commitment to public health in the region.
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