Aster DM Healthcare Limited has informed the Exchange about Transcript
ASTERDM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Aster DM Healthcare reported Q1 FY26 revenue of INR 1,078 crores, up 8% year-on-year, with operating EBITDA growing 21% to INR 215 crores and margins expanding 230 basis points to 20% from 17.7%. Normalized profit after tax rose 22% to INR 90 crores. Average revenue per occupied bed (ARPOB) crossed INR 50,000 for the first time, up 14% YoY, driven by a shift toward higher-value specialties like oncology (now 11% of revenue). The company has 5,197 beds currently and plans to add 2,600 more, including 1,439 beds in Bangalore via a new 500-bed hospital in Yeswanthpur. The proposed merger with Blackstone-backed QCIL is progressing, with shareholder and CCI approvals secured, creating a combined platform of 10,350 beds across 38 hospitals that delivered proforma revenue of INR 2,157 crores (12% growth) in Q1. Management guided for mid-teen revenue growth over a 3-4 year horizon, with 7-8% from volumes and 7-8% from ARPOB, and expects continued margin expansion.
A strong quarter with margin expansion, recovering Kerala cluster, and the transformative QCIL merger nearing completion is positive for shareholders. The robust bed expansion pipeline and specialty mix improvements support the growth story, though execution and integration risks from the large-scale merger remain key things to watch.