GPT Healthcare Targets Expansion, Strong Growth Ahead

  • Sales Outlook: Full-year FY26 revenue growth projected at 15%+, targeting INR 460+ crores. Existing hospitals (ex-Raipur) to grow ~10%.
  • Margin Outlook: Mature hospitals maintain 22.5-23% EBITDA margins. New Raipur facility targets EBITDA breakeven in 12-15 months, with an estimated full-year loss of INR 8 crores.
  • Expansion & Bed Capacity: On track to reach 1,000 beds within 2-2.5 years, including a new 150-bed Jamshedpur hospital by end of calendar year 2026.
  • Occupancy Targets: Network occupancy at 42% (Q1 FY26); Raipur aims for 20% by March, and mature hospitals target 60-65%.

GPT Healthcare Limited's Q1 FY26 earnings call highlights a strategic path forward. Despite initial losses from its new Raipur facility, the company projects robust full-year revenue growth of over 15% and aims for an ambitious 1,000-bed capacity within 2.5 years. This forward-looking guidance signals significant expansion and operational improvements while maintaining a clear focus on the underserved regions of Eastern India. The company's commentary outlines a measured approach to growth, balancing new investments with efficiency in its established network.

Robust Revenue Outlook and New Facility Ramp-up

GPT Healthcare's Q1 FY26 revenue rose 9.5% to INR 107 crores. The company projects over 15% revenue growth for the full fiscal year, targeting INR 460+ crores. A key driver is the new 158-bed Raipur hospital, commissioned May 2025. Despite initial Q1 losses (INR 4.5 crores), Raipur is expected to achieve EBITDA breakeven within 12-15 months. Group CFO Atul Tantia stated,

"We are on track to do a 15% plus kind of growth for the full year."

This outlook highlights confidence in scaling new operations and the consistent performance of existing facilities, with established hospitals (ex-Raipur) expected to grow around 10%.

Sustaining Margins and Strategic Bed Growth

Q1 EBITDA margin was 17.9%. Excluding new Raipur losses, mature hospitals maintained strong EBITDA over 22%, targeting 22.5-23%. Raipur's full-year loss is projected at INR 8 crores. GPT Healthcare targets 1,000 beds within 2-2.5 years, including a 150-bed Jamshedpur hospital by late CY26 via an asset-light model. Network occupancy is 42%, with Raipur targeting 20% by March. Older hospitals aim for 60-65% occupancy by year-end, supported by diversified specialties and efficiencies, such as reducing reliance on kidney transplants in Dum Dum and expanding oncology services in Agartala.

GPT Healthcare's Q1 FY26 insights reveal a company poised for significant expansion and robust financial performance. With clear targets for revenue growth, margin stability, and increased bed capacity through strategic new hospitals, GPT Healthcare is reinforcing its commitment to quality healthcare in Eastern India. The focus on asset-light expansion and operational efficiency positions the company strongly for future growth and market leadership in its targeted segments.

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