ASTERDMNSEAster DM Healthcare LimitedMediumNeutral
Announced Fri, 8 May · 15:57 IST

Aster DM Healthcare Limited has informed the Exchange about Transcript

Mgmt Guided Margin ImprovementOrder Pipeline DisclosedInvestor Communications View source PDF

ASTERDM · price

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Price reaction · full curve 14 horizons · vs prior close
-1.4%1-day move
₹742.00
prior close
₹742.40
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AI summary

Aster DM Healthcare reported strong Q4 FY26 results with standalone revenue of INR 1,182 crores (up 18% YoY) and operating EBITDA of INR 244 crores (up 26% YoY) with 20.7% margins. On a combined proforma basis with Quality Care India Limited (QCIL), Q4 revenue was INR 2,361 crores with EBITDA of INR 517 crores and margins of 21.9%, while FY26 combined revenue reached INR 9,273 crores. The merger with QCIL received 96.7% shareholder approval and awaits NCLT clearance, expected within the current quarter. Aster India plans to add 2,500 beds over coming years (current capacity: 5,449 beds), while QCIL targets 1,700 beds through INR 2,000 crore investment over 3-4 years. Medical value tourism grew 41% YoY, with CONGO mix (high-complexity care) now at 55% for the combined entity.

Likely market impact

The strong Q4 and FY26 results demonstrate consistent operating leverage with margins expanding across clusters, positioning the combined entity well post-merger. The expansion pipeline of 15,000+ beds provides long-term growth visibility while maintaining disciplined capital allocation.