Max Healthcare Q1 2026 profit beats forecasts on higher sales

Max Healthcare Institute Ltd. reported fiscal first-quarter net profit that exceeded market expectations, driven by a rise in patient admissions and higher revenue per bed.

The company’s profit for the three months ended June 30, 2025, rose 15% year-over-year to 3.8 billion rupees ($45.5 million), according to an earnings call transcript reviewed by Reuters. Analysts had projected a net profit of 3.4 billion rupees, based on a median estimate compiled by the company.

Revenue increased 12% to 12.7 billion rupees, supported by a 9% rise in patient admissions across its network of 17 hospitals in northern and eastern India. Average revenue per occupied bed climbed 4% to 14,500 rupees, reflecting higher procedural volumes and improved pricing power.

Max Healthcare maintained its full-year guidance, reaffirming revenue growth of 10-12% and net profit expansion of 15-18% for the fiscal year ending March 31, 2026. The company cited stable occupancy rates and continued demand for tertiary and quaternary care services as key supports for its outlook.

Chief Executive Officer Abhay Soi highlighted the group’s focus on expanding capacity in high-growth regions, including the addition of 200 beds across two new facilities slated for completion in the second half of 2025.

Max Healthcare’s shares, listed on the National Stock Exchange of India, were up 2.3% in early trading on Wednesday, outperforming the broader Nifty Healthcare Index, which gained 1.1%.