Narayana Hrudayalaya, a distinguished Indian hospital network headquartered in Bengaluru, was founded in 2000 by eminent cardiac surgeon Dr. Devi Prasad Shetty. Over the years, the organisation has significantly expanded its footprint across India and internationally.
Narayana Hrudayalaya Ltd., on Feb 20, said it would be investing ₹900 crore for a new hospital in Kolkata, whose foundation stone was laid by West Bengal Chief Minister Mamata Banerjee on February 20, 2025.
In a recent exchange filing, the company announced a strategic investment for the “first phase” of an ambitious expansion project, financed through a prudent mix of debt and internal accruals.
Under this initial phase, operations will commence with a 350-bed capacity by the financial year 2028-29. The company envisions transforming the facility into a state-of-the-art “1,100-bed super-speciality hospital” over the next three to ten years through phased capacity augmentations.
Designed to deliver “world-class healthcare services,” the new hospital will be equipped with cutting-edge technology, catering to the growing medical needs of Eastern India. The decision to establish this facility stems from the burgeoning patient influx at Narayana Health Group’s existing hospitals in Kolkata, highlighting the “immense potential for further growth” in the region.
Narayana Hrudayalaya reported a commendable performance in its Q3 FY25 results. The company posted a 13.55% year-on-year surge in total revenue to ₹1,366.68 crore, accompanied by a 2.62% rise in net profit to ₹192.94 crore. However, on a sequential basis, revenue dipped by 2.38%, while net profit declined by 2.86%.
Operating income soared 9.86% year-on-year to ₹237.04 crore, whereas operating expenses rose by 14.35% to ₹1,129.64 crore. The company’s diluted normalised EPS for the quarter stood at ₹9.50, reflecting a 2.59% year-on-year uptick.
At 9:20 AM on February 21, 2025, Narayana Hrudayalaya Ltd shares opened at ₹1,406 per share on the NSE.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 21, 2025, 2:53 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
