Q4 & FY 26 Earnings Conference Call - Transcript

Jupiter Life Line Hospitals reported FY26 total income of INR 1,499.8 crores (up 15.2%) with EBITDA of INR 343.3 crores (22.9% margin). Q4 revenue was INR 387.8 crores with PAT of INR 50.2 crores. The newly commissioned Dombivli hospital opened ahead of schedule in February 2026 with 300 beds operational; management expects EBITDA breakeven in 2 years with monthly burn of INR 2-3 crores. Insurance empanelment for Dombivli is expected within 6-12 months. The expansion pipeline includes Pune South (CY28), Mira Road (excavation by year-end), and BKC Mumbai (400-bed quaternary care, regulatory clearances ongoing). Management stated debt will be maintained below 3x EBITDA using internal accruals to fund the 1,700-bed expansion cycle. Thane operates at 75% occupancy, Pune at 65%, and Indore at 45-50%.