Yatharth Hospital & Trauma Care Services (YATHARTH) investor relations material

Executive summary

• FY 2026 marked a transformative year with strong operational execution, strategic expansion, and clinical excellence across the network, including audited standalone and consolidated financial results with unmodified opinions from statutory auditors.

• Achieved consolidated revenue growth of 36% YoY to INR 12,072 million, with EBITDA up 30% YoY to INR 2,921 million and PAT up 30% YoY to INR 1,703 million.

• Expansion included new hospitals in New Delhi (Model Town), Faridabad, and Agra, plus acquisition or term sheet for a super-speciality hospital in Gurugram.

• Clinical milestones included advanced surgeries, Asia’s first scarless endoscopic tumor removal, and recognition for leading clinicians.

• New hospitals contributed significantly to revenue, with Agra, Faridabad Sec-20, and New Delhi ramping up quickly.

Financial highlights

• Q4 FY 2026 revenue was INR 3,416 million, up 47% YoY and 6% QoQ; FY 2026 revenue at INR 12,072 million, up 36% YoY.

• Q4 EBITDA reached INR 799 million, up 37% YoY, with a margin of 23.4%; FY 2026 EBITDA margin at 24.2%.

• Q4 PAT was INR 447 million, up 15% YoY; FY 2026 PAT at INR 1,703 million, up 30% YoY.

• Pre-tax operating cash flows for FY 2026 were INR 2,866 million with a 98% cash conversion ratio.

• Net cash position at year-end was INR 1,160 million; consolidated total assets increased to INR 22,815.31 million.

Outlook and guidance

• Confident of sustaining and potentially surpassing FY 2026 YoY growth in FY 2027, with revenue growth expected to exceed FY 2026's 36% YoY growth.

• Margin guidance remains at 24-25% for FY 2027, with expectations of improved EBITDA margins.

• Targeting 5,000 beds within three years, with 3,200–3,250 beds already announced and Gurugram hospital expected to be operational by April 2027.

• Debtor days targeted to improve to 90-95 by FY 2027 from 112 in FY 2026.

• Monitoring regulatory changes, including new Labour Codes, with no material financial impact expected.