GPT Healthcare Forges Path to Strong Future Growth

  • Sales Outlook: Aiming for ~15% revenue growth to INR 460 crores in FY26, with existing hospitals growing ~10%.
  • Margin Outlook: Targeting steady-state EBITDA margins of 22%+ for mature assets; Raipur to reach breakeven in 12-15 months.
  • Occupancy Targets: Raipur to hit ~20% by March, Agartala ~60%, Dum Dum ~65%, Salt Lake ~65%, Howrah ~50%.
  • Expansion: Growing to 1,000 beds in 2-2.5 years, adding Jamshedpur (150 beds) by FY27 Q3.

GPT Healthcare Limited reported Q1 FY26 revenue of INR 107 crores, a 9.5% increase, despite initial losses from its new Raipur facility. This quarter kicks off a period focused on strategic expansion and enhancing operational efficiency, underscoring the company's commitment to becoming a 1,000-bed healthcare chain in Eastern India. The company provided clear guidance on future growth, profitability, and key performance indicators.

Strategic Expansion and Occupancy Growth

GPT Healthcare is rapidly advancing towards its goal of operating a 1,000-bed hospital chain within the next 2 to 2.5 years. The recent commissioning of a 158-bed facility in Raipur on May 2, 2025, marks a significant milestone, bringing the total operational beds to 719. Management highlighted the new Raipur hospital's potential, stating,

"we are on track to achieve EBITDA breakeven in 12-15 months."

Furthermore, a 150-bed hospital in Jamshedpur is expected by end of calendar year '26. The company is actively improving occupancy rates, with Raipur targeted to reach "closer to 20% by March" from 7% in Q1 FY26, and Agartala expecting to hit 60% by March. Dum Dum is also projected to ramp up to 65% occupancy by year-end.

Financial Outlook and Operational Efficiency

The company projects robust financial performance, targeting "a 15% kind of growth number" for full-year FY26 revenue, aiming for approximately INR 460 crores. While Q1 FY26 saw an EBITDA margin of 17.9%, this was impacted by initial losses from the new Raipur hospital, amounting to

"approximately INR4.5 crores."

Excluding these, the steady-state EBITDA margin for mature assets would be "almost 22% plus." Efforts to optimize case mix and increase ARPOB across existing facilities are central to improving profitability. The average revenue per occupied bed (ARPOB) for Jamshedpur and other new assets is expected to be in the "INR35,000 to INR38,000 mark," aligning with the company's focus on the middle to high-income segment.

GPT Healthcare's Q1 FY26 results and forward-looking guidance paint a clear picture of a company focused on strategic expansion, operational optimization, and sustained financial growth. By expanding its bed capacity, improving occupancy across its diverse portfolio, and maintaining strong margin targets for mature assets, GPT Healthcare is positioning itself for a leadership role in Eastern India's healthcare sector, promising continued value creation.

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