Bajaj Healthcare Limited — Credit Ratings, 15-05-2025: Credit Rating- Revision

India Ratings has affirmed Bajaj Healthcare Limited’s credit rating at ‘IND A-’ and revised the outlook to Stable from Negative. This reflects strong revenue and profitability growth in 9MFY25, supported by equity infusions exceeding INR205 Cr that helped reduce debt and fund capex. Improved credit metrics, with net leverage expected to remain below 2x, and higher EBITDA margins near 18% indicate healthier financials. Enhanced interest coverage further strengthens the company’s profile. The stable outlook should help lower borrowing costs and boost investor confidence, providing Bajaj Healthcare with improved financial flexibility going forward.