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Fortis Healthcare (FORTIS) investor relations material
Fortis Healthcare Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 25/26 earnings summary12 Nov, 2025
Executive summary
Consolidated revenue for Q2 FY26 grew 17.3% year-over-year to INR 2,331 crores (₹233,144 lacs), with strong performance in both hospital and diagnostics segments.
Operating EBITDA for Q2 FY26 was INR 556 crores (₹57,891 lacs), with margin improvement to 23.9% from 21.9% year-over-year.
Profit after tax before exceptional items rose to INR 305 crores (₹32,882 lacs), up 120.7% year-over-year.
H1 FY26 consolidated revenue was INR 4,498 crores (₹449,816 lacs), up 16.9% year-over-year, with operating EBITDA at INR 1,047 crores (₹108,498 lacs).
Notable clinical achievements included complex neurosurgeries, rare pediatric procedures, and the launch of new medical programs.
Financial highlights
Hospital business Q2 FY26 revenue rose 19.3% to INR 1,974 crores; diagnostics revenue increased 7.3% to INR 400 crores.
Net debt as of September 30, 2025, was INR 2,219 crores, with net debt/EBITDA at 0.96x.
Digital revenues contributed 29.5% to hospital revenue, up from 29.3% year-over-year.
International business contributed 8.1% of Q2 revenue, up 26% year-over-year.
Basic and diluted EPS for the quarter were ₹4.26, up from ₹2.34 year-over-year.
Outlook and guidance
Continued positive growth momentum in revenue and margins expected for the remainder of FY26.
Hospital business margin guidance may be exceeded as new units mature; diagnostic margins expected in the 23%-24% range.
Full-year organic bed addition guidance maintained at 400-500 beds, with similar range for FY27.
Expansion projects include new beds at Manesar, Faridabad, Noida, FMRI, and new management agreements.
O&M to asset ownership strategy
Diagnostics volume growth drivers
Leverage for future growth opportunities
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Next Fortis Healthcare earnings date
Q3 202614 Feb, 2026
Next Fortis Healthcare earnings date
Q3 202614 Feb, 2026
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