Q1 2025 Narayana Hrudayalaya Ltd Earnings Call Transcript
Key Points
- Narayana Hrudayalaya Ltd (BOM:539551) reported the highest ever quarterly revenue at INR13,410 million, reflecting a growth of 8.7% year on year and 4.8% quarter on quarter.
- The company achieved a consolidated EBITDA of INR3,274 million with a margin of 24.4%, up from 23.2% in the same quarter last year.
- The new hospital, Health City in Camana Bay, was inaugurated in July, with patient inflow expected to start before the end of the second quarter.
- The balance sheet remains strong with group cash and liquid investments of over INR13.2 billion against a gross borrowing of INR14.75 billion, resulting in a net debt position of INR1.55 billion.
- Significant advancements in clinical operations, including the successful performance of complex surgeries and the launch of AI systems for discharge summaries and early warning signals in the nursing app.
- Despite the revenue growth, the quarter was seasonally weak due to summer holidays, Eid, and the impact of general elections.
- The new hospital in Camana Bay is expected to incur initial operational losses and margin dilution.
- Inpatient volumes in India have not been growing for the last three quarters, partly due to reconfiguration of beds and facility upgrades.
- The company faces challenges in maintaining debtor days, which deteriorated by about seven to eight days compared to the previous quarter.
- The insurance business, although launched, is still in its early days and is expected to incur a cash burn before it becomes profitable.
Hello, everyone. My name is Nishant Singh. I head the Investor Relations function at Narayana Hrudayalaya. I welcome you all to the quarter one FY25 earnings call of the company.
To discuss our performance, as usual, we have Mr. Viren Shetty, our Vice Chairman; Dr. Emmanuel Rupert, our CEO and MD; Mr. Sandhya Jayaraman, our Group CFO; Mr. Venkatesh, our Group COO; Dr.
Anesh Shetty, MD of our Overseas Subsidiary, HCCI; Mr. Ravi Vishwanath, CEO of NHIC; and Vivek Agarwal, member -- senior member of the IR function.
As usual, before we proceed with this call, we would like to remind everyone that the call is being recorded and the transcript of the same shall be made available on our website as well as on the stock exchange at a later date.
I would also like to remind you that everything that is being said on this call that reflects any outlook for the future or which can be construed as a forward-looking statement must be viewed in conjunction with the
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