Max Healthcare Q3 FY26: Revenue up 10% to Rs 2,608 Cr, PAT rises 9% to Rs 344 Cr

Ebitda Margin CompressionPat Growth 25pctExceptional ItemResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+1.5%Reaction day

₹1022.50

prior close

₹1020.85

announcement price

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.5%+2.0% vs market

Hospital peers, median of 22sector-0.7%+2.3% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty 100 and 2.3 pts more than its Hospital peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Next day

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UpDownMarket · Nifty 100Sector · Hospital peers, median of 22Pending

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AI summary

Max Healthcare Q3 FY26: Gross revenue up 10% YoY to Rs 2,608 Cr, Operating EBITDA up 4% to Rs 648 Cr, PAT up 9% to Rs 344 Cr (after Rs 55 Cr exceptional items). EBITDA margin fell to 26.1% from 27.3% YoY. For 9M FY26, revenue grew 19% to Rs 7,874 Cr, PAT up 30% to Rs 1,244 Cr. Net debt Rs 2,166 Cr. Signed SPA for 450-bed hospital in Pune. Brownfield beds at Mohali and Nanavati Max delivering 31-39% margins.

Likely market impact

Steady Q3 with revenue up 10% and PAT up 9%, but margin dipped to 26.1% from 27.3%. 9M PAT grew 30%. Expansion via Pune acquisition and brownfield beds underway.