Narayana Hrudayalaya shares surge 10% after Q2 results, detailing expansion plans

Shares of Narayana Hrudayalaya, which owns and operates the Narayana Health network, were trading with gains of up to 10% on Monday, November 17, after the company reported a strong set of numbers for the September quarter (Q2 FY26).

The healthcare operator posted robust year-on-year and sequential growth across all key financial metrics.

Revenue rose 20.3% YoY to ₹1,643.79 crore, compared with ₹1,366.68 crore in the same quarter last year. It also grew 9.1% sequentially from ₹1,507.27 crore in Q1 FY26.

	Q2FY26	Q1FY26	Q2FY25	QoQ	YoY
Rev	1643.79	1507.269	1366.682	9.1%	20.3%
EBITDA	426.493	360.743	332.332	18.2%	28.3%
EBITDA MARGINS	25.9%	23.9%	24.3%	8.4%	6.7%
Profit	258.829	196.051	199.293	32.0%	29.9%

Profitability also improved, with EBITDA jumping 28.3% YoY to ₹426.49 crore as against ₹332.33 crore a year earlier. On a sequential basis, EBITDA was up 18.2% from ₹360.74 crore.

EBITDA margin expanded to 25.9%, compared with 24.3% in Q2 FY25 and 23.9% in Q1 FY26.

The bottom line continued to show strong momentum. Net profit surged 29.9% YoY to ₹258.83 crore, from ₹199.29 crore a year earlier, and was 32% higher QoQ compared to ₹196.05 crore.

Looking ahead, the company said it plans to increase its bed capacity to over 7,650 by FY30, up from the current 5,750.