GPT Healthcare: Ambitious Growth and Strategic Expansion

Ashwin Thakker

16 Aug 2025 — 2 min read

Key Facts on Outlook:

Full-year FY26 revenue growth projected at over 15%, aiming for INR 460+ crores.
Overall EBITDA margin (excluding new hospital losses) expected at 22-23% for mature assets.
New Raipur hospital targeted to achieve month-on-month EBITDA breakeven in 12-15 months.
Company aims to expand to a 1,000-bed hospital chain within the next 2 to 2.5 years.
Occupancy rates for key existing hospitals are projected to increase to 50-65% by fiscal year-end.

GPT Healthcare Limited, a key healthcare provider in Eastern India, announced Q1 FY26 results with 9.5% revenue growth to INR 107 crores. The earnings call highlighted a strategic roadmap for significant expansion and operational enhancements. Management detailed ambitious guidance for full-year revenue, margin stability, new hospital breakeven, and network-wide occupancy increases, painting a clear picture of future growth.

Strong Revenue Targets and Margin Stability

"For the full year, we anticipate a 15% plus kind of growth,"

stated Mr. Atul Tantia, Group CFO. This trajectory aims for INR 460 crores in FY26 revenue. Q1 FY26 EBITDA was INR 18.9 crores (17.9% margin), which included initial losses of approximately INR 4.5 crores from the new Raipur hospital. Excluding these,

"the EBITDA would stand at our steady-state EBITDA of almost 22% plus."

Mature hospitals are expected to maintain 22.5% to 23% margins. ARPOB is anticipated to increase by 4-4.5% across existing assets, primarily driven by case mix changes.

Aggressive Expansion and Occupancy Ramp-Up

GPT Healthcare is aggressively pursuing its target of a 1,000-bed hospital chain within 2 to 2.5 years. The newly commissioned 158-bed Raipur facility (May 2025) achieved 7% occupancy in its first 1.5 months, targeting 20% by March FY26. Management expects Raipur to

"achieve EBITDA breakeven in 12-15 months."

The company also announced an MoU for a 150-bed hospital in Jamshedpur, slated for commissioning by calendar year 2026, using an asset-light, rental-based model. Existing hospitals like Agartala, Salt Lake, Dum Dum, and Howrah are projected to see occupancy rates rise to 50-65% by year-end.

GPT Healthcare's Q1 FY26 earnings call reinforced its commitment to strategic expansion and operational excellence. The company's guidance emphasizes robust revenue growth, stable margins from mature assets, and a clear path to profitability for new facilities. With aggressive bed capacity expansion and targeted occupancy improvements, GPT Healthcare is well-positioned to strengthen its presence and deliver quality tertiary care services across Eastern India. The focus remains on sustainable growth and enhancing patient outcomes.

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