Max Healthcare Institute Limited — PPTs, 29-08-2025: Investor Presentation

Max Healthcare, India’s largest hospital by market cap (₹1.2 lakh Cr), reports strong Q1 FY26 performance. Net Revenue rose 27% YoY to ₹2,460 Cr, with Operating EBITDA up 23% to ₹613 Cr. Profit after Tax grew 17% to ₹345 Cr. The company maintained a 76% occupancy and achieved an impressive 26% Return on Capital Employed.

Growth is driven by a focus on expanding bed capacity, with ~4,700 new beds planned in the next 3-4 years through brownfield and asset-light models. Strategic mergers and acquisitions remain a key area, alongside growing capital-light adjacencies like Max Lab and Max@Home. Notably, the Max Dwarka hospital achieved EBITDA breakeven in just six months, and the Max Mohali Tower 2 expansion is set to be fully operational soon.

Management emphasizes leveraging strong free cash flow and a minimally leveraged balance sheet to deliver industry-leading returns and long-term value through clinical excellence and technology adoption.