CRISIL upgrades Asarfi Hospital rating to BBB/Stable
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CRISIL upgraded Asarfi Hospital's long-term bank facility rating to BBB/Stable from BBB-/Stable and assigned a new A3+ short-term rating. Total bank loan facilities were enhanced to Rs. 60 crore from Rs. 46.5 crore. Revenue grew about 40% to Rs. 172 crore in FY26 from Rs. 121 crore, with PAT at Rs. 17.08 crore. Cancer unit occupancy rose to 42% from 30%, and operating margin stayed stable at 20 to 21%. Gearing remained healthy at 0.58 times with interest coverage above 8 times.
Positive credit signal; may lower future borrowing costs and reflects strong revenue growth, stable margins and healthy financial profile.