K M C SPECIALITY HOSP I L

Operates a 450-bed multi-specialty hospital in Tiruchirapalli (Trichy), Tamil Nadu, as part of the Kauvery Group, alongside a 200-bed Maa Kauvery mother and child care facility that has been running since January 2024. The business operates in a single segment — Medical and Healthcare Services — and reported FY26 revenue of 305.77 crore, with blended average revenue per occupied bed (ARPOB) of 32,838 and occupancy of 81% in Q4 FY26. Growth has come from higher inpatient and outpatient volumes combined with improving per-bed realisation. The Board has approved the purchase of about 1 acre of adjoining land at Alexandria Road for 62.50 crore to add approximately 300 beds, funded through internal accruals and debt. The cost structure is dominated by other operating expenses at 35.0% of revenue and employee costs at 21.5%, with materials at only 4.8% — reflecting a service-led hospital model. FY26 EBITDA margin was 30.4%, supported by a strong balance sheet with 60.8 crore in cash and Net Debt/EBITDA at 0.11x.