India's Manipal Health sees adjusted quarterly profit jump on strong demand for complex care

Manipal Health Enterprises

20/08/2026 15:59

Aug 20 (Reuters) - Indian hospital operator Manipal Health Enterprises MNIA.NS on Thursday reported a nearly 31% rise in adjusted first-quarter profit after tax, driven by strong demand for complex procedures and higher hospital occupancy.
The company posted an adjusted consolidated profit after tax of 3.32 billion rupees ($34.69 million) for the quarter ended June 30, up from 2.54 billion rupees a year earlier.
The results mark the hospital operator's first quarterly earnings report since its $960 million initial public offering in July.
Overall quarterly revenue rose 38.1% to 30.91 billion rupees, boosted by higher patient volumes and an increasing share of high-value specialty procedures, which have supported earnings across the sector in recent quarters.
Indian hospital operators have also been expanding aggressively through acquisitions of smaller hospitals and capacity additions, particularly in smaller cities, to capitalize on growing demand for healthcare services.
The company's consolidated net profit fell 7.5% to 2.32 billion rupees from a year earlier, due to costs related to the acquisition of Sahyadri Hospitals. Manipal Health had acquired a majority stake in the Maharashtra-based company in late 2025.
"The integration of Sahyadri Hospitals remains a key priority as we unlock the benefits of a larger network and greater operating scale. Our IPO provides greater flexibility to invest in capacity, technology and clinical excellence while maintaining disciplined capital allocation," MD and CEO Dileep Jose said.
Quarterly expenses rose 47.4% from a year earlier to 28.35 billion rupees, impacted by a rise in the purchase of pharmacy items and other expenses.
     
($1 = 95.7050 Indian rupees)

(Reporting by Kashish Tandon and Mridula Kumar in Bengaluru; Editing by Janane Venkatraman and Jonathan Ananda)
((Kashish.Tandon@thomsonreuters.com; 8800437922;))