Construction of Phase-I of Max Super Specialty Hospital, Shaheed Path, Lucknow
MAXHEALTH · price
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Max Healthcare Institute's board approved construction of Phase-I of a new Max Super Specialty Hospital in Lucknow, to be built on a 5-acre company-owned land parcel with a planned capacity of approximately 712 census beds. The announcement was part of a broader board meeting outcome that also included audited Q4 and FY2026 financial results (consolidated revenue ₹8,37,345 lakh, profit after tax ₹1,44,241 lakh), a recommended final dividend of ₹2 per share, reclassification of Radiant Life Care Hospital Foundation from Promoter to Public category, and shifting of the registered office from Mumbai to Gurugram, Haryana. The company also completed acquisition of a 58.28% stake in Kalinga Hospitals Limited in Bhubaneswar during the period.
Approval of a new 712-bed hospital in Lucknow signals significant expansion of Max Healthcare's geographic footprint in North India, potentially boosting long-term revenue capacity. The ₹2 dividend provides near-term shareholder reward amid strong FY2026 profitability.