Yatharth Hospital & Trauma Care Services Limited Earnings Summary — Q3 FY2026

• Revenue grew by 46% Year-on-Year to ₹3,204.71 million, driven by scaling operations in the NCR region.
• Consolidated Net Profit increased to ₹430.83 million, a 41% growth YoY, though slightly tempered by rising employee and other expenses.
• Subsequent to the quarter, the company completed the acquisition of Shantived Institute of Medical Sciences (Agra) on February 1, 2026, adding 150 operational beds.
• Management successfully resolved income tax provisional attachments on bank deposits and properties during the quarter.
• Employee benefit expenses saw a significant YoY increase to ₹635.39 million from ₹426.15 million, reflecting workforce expansion.
• Utilization of QIP proceeds is well underway, with ₹5,862.29 million deployed toward debt repayment, equipment, and acquisitions out of the total ₹6,249.95 million.
• Finance costs remained significantly lower YoY at ₹10.17 million compared to ₹20.58 million, following post-IPO debt reduction strategies.

Management is focused on inorganic growth initiatives, as evidenced by the recent Agra acquisition and ongoing utilization of QIP funds for medical equipment and general corporate purposes.

Improving

The release of tax-related provisional attachments and the immediate post-quarter acquisition of the Agra hospital signal a shift back to aggressive growth and operational normalcy.

The company is transitioning into a larger multi-city player with over 2,800 beds. The outlook remains strong as occupancy levels mature across new facilities in Faridabad and Delhi, though short-term margins may face pressure from integration costs of newly acquired assets.