We hereby submit Monitoring Agency Report for the quarter ended June 30, 2025 - QIP.
YATHARTH · price
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Yatharth Hospital has submitted the Crisil Ratings monitoring report on the use of Rs 6,039 million in net QIP proceeds raised in December 2024. As of June 30, 2025, the company has utilized Rs 4,593.37 million (about 76%), with Rs 1,445.64 million still unutilized. Loan repayment of Rs 956.80 million is fully done, hospital acquisition (Model Town Delhi and Faridabad) is nearly complete at Rs 2,163.17 million of Rs 2,173.85 million, medical equipment spending stands at Rs 400.56 million of Rs 1,517.36 million, and Rs 1,072.83 million of the Rs 1,390.99 million earmarked for general corporate purposes has been spent (mainly on salaries, factoring charges, and operational expenses). The remaining unutilized funds are parked in PNB fixed deposits, SBI mutual funds, and a Kotak monitoring account. The Model Town, Delhi hospital was inaugurated on July 14, 2025, and the audit committee reviewed the report on August 5, 2025. No deviations from the stated objects were noted.
Investors get confirmation that QIP funds are being used as promised, with the newly acquired Model Town hospital now operational, which could support future revenue growth. The sizeable unutilized balance (Rs 1,446 million) earmarked for medical equipment and acquisitions in FY26 keeps future capex visibility intact and is parked safely in FDs and liquid funds.