Midcap stock in focus after announcing ₹900 Cr capex plan for hospital in Kolkata

Leading Hospital stock is in focus after their announcement of starting a new 1,110-bed super-specialty Hospital in Kolkata with an initial investment of Rs. 900 Crores.

Share Price Movement

With a market capitalization of Rs. 28,385 Crore, the stock of Narayana Hrudayalaya opened at Rs. 1,420, up 1.13 percent from yesterday’s close, and after opening it made a high of Rs. 1,429.40 up 1.79 percent. Additionally, the Yearly return for the stock is 3 percent, and the past 5-year return is an impressive 300 percent.

Update from Company

The company has laid down the foundation stone for a new, state-of-the-art, 1,100-bed super-specialty hospital named Narayana Health City, in New Town, Kolkata. It will be well equipped with the latest technology and is being designed by the Company to provide world-class healthcare services to the people of Eastern India.

The investment required will be approximately Rs. 900 Crores for the first phase and the mode of financing will be a mix of debt and internal equity. The first phase of 350 Beds is expected to commence operation in FY 2028-29 and all the phases are expected to be completed over the next 3-10 years in different phases.

Also read: Chemical stock hits 5% upper circuit after promoter group increases stake in the company

Financial Highlights

The company reported a 13.60 percent YoY increase in revenue from Rs. 1,203 Crore in Q3FY24 to Rs. 1,366.68 Crore in Q3FY25. On a QoQ basis, the company reported a marginal decrease of 2.43 percent in revenue from Rs. 1,400 Crore in the previous quarter.

Their Net profit saw an increase of 2.62 percent YoY from Rs. 188.11 Crore to Rs. 193.05 Crore for the same period. On a QoQ basis, the company reported a decrease of 2.97  percent in Net profit from Rs. 198.79 Crore in the previous quarter.

About the Company

Narayana Hrudayalaya is a leading healthcare provider in India, headquartered in Bangalore. Founded by Dr. Devi Prasad Shetty in 2000, it has grown into a vast network of hospitals across India and internationally. The organization specializes in cardiac sciences, cancer care, neurology, gastroenterology, and orthopedics, among other medical fields.

Written By Abhishek Das

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