Q3 2026 Yatharth Hospital & Trauma Care Services Ltd Earnings Call Transcript
Key Points
- Yatharth Hospital and Trauma Care Services Ltd (NSE:YATHARTH) reported a robust 46% year-over-year revenue growth, marking its highest ever quarterly revenue and profitability.
- The newly operational hospitals in New Delhi and Faridabad Sector 20 contributed significantly to the revenue, with Faridabad reaching a monthly revenue run rate of INR7-8 crores.
- The company achieved a strong occupancy rate of 67% across its hospital network, with key hospitals like Noida operating at 91%.
- Yatharth Hospital's ARPOB increased by 10% year-over-year, driven by a focus on high-value super specialties and state-of-the-art medical infrastructure.
- The Agra hospital has been fully integrated into the Yatharth network, expected to contribute meaningfully to revenue and EBITDA from the current quarter.
- The company faces high receivable days, particularly from government business, which impacts cash flow.
- There is a significant reliance on government business, which currently constitutes 35% of the revenue mix, although efforts are being made to reduce this.
- Newly operational hospitals are initially contributing to EBITDA drag, although this is expected to improve over time.
- The company is in a growth phase with plans for significant capital expenditure, which may impact short-term financial stability.
- There is potential risk from new competitors entering the Noida region, which could impact market share and revenue growth.
Ladies and gentlemen, good day, and welcome to Yatharth Hospital's Q3 FY26 earnings conference call hosted by Nuvama Wealth Management Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Shrikant Akolkar from Nuvama Wealth Management Limited. Thank you, and over to you, sir.
Hi. Good day, everyone, and thank you, Bumi. On behalf of Nuvama Wealth Management, we welcome you all to the Q3 and nine months FY26 earnings conference call of Yatharth Hospital & Trauma Care Services Limited. From the management side, we have with us today Mr. Yatharth Tyagi, Whole-Time Director; Mr. Amit Kumar Singh, Group Chief Executive Officer; Mr. Nitin Gupta, President, Finance, and Group Chief Operating Officer; Mr. Pankaj Prabhakar, Group Chief Financial Officer; Mr. Ashutosh Kumar Jha, Group Chief Strategy, M&A and Investor Relations; and Mr. Sonu Goyal, Group Financial Controller.
I now hand over the conference call to Mr.
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