GPT Healthcare lifts margin as revenue growth outpaces costs
Standalone net profit rose 20.97% sequentially, though other income contributed 14.22% of pre-tax profit.
Filed 05 Nov 2026, 16:49 IST · after market close · GPT Healthcare Ltd (GPTHEALTH)
Key takeaways
- Standalone revenue rose 7.46% sequentially to Rs 135.62 cr as expenses grew 6.59%.
- Operating margin expanded 0.66 percentage points to 19.82% because revenue grew faster than costs.
- Net profit increased 20.97% to Rs 15.40 cr, aided by a 0.32-percentage-point fall in the tax rate and other income equal to 14.22% of pre-tax profit.
Price around the results
Revenue momentum improved in Q2FY27
GPT Healthcare reported standalone revenue growth of 7.46% sequentially in Q2FY27, while operating profit rose 11.17% to Rs 26.88 cr. Net profit grew 20.97% to Rs 15.40 cr, with EPS increasing 21.29% to Rs 1.88. The company said Raipur hospital operations began in May 2025, adding to the operating base.
Faster revenue growth supported the margin
Expenses increased 6.59% sequentially, slower than revenue growth of 7.46%, lifting operating margin by 0.66 percentage points. Interest expense fell 2.78%, while depreciation increased 2.47%. The tax rate declined by 0.32 percentage points, and other income accounted for 14.22% of pre-tax profit, so the net-profit increase was not driven only by hospital operations.
Margin remains below the healthcare peer median
GPT Healthcare's 19.82% operating margin was 1.85 percentage points below the 21.67% median for the 74 healthcare peers that had reported the same quarter. Sequentially, margin improved from 19.16%, but the available trend covers only the preceding quarter and does not establish a longer multi-quarter direction. Management said Agartala and Howrah occupancy is targeted to rise from about 55% to 70–75%, and that the company has signed an MoU for a 155-bed Jamshedpur hospital with an investment of Rs 75 cr, targeted for commissioning by end-FY27.
Expansion plans extend beyond the current network
Management said the company plans to enter Tier II cities in Uttar Pradesh, Assam and Odisha, along with select Tier I locations in eastern India. It also said future expansion is intended to use developer-funded land and buildings with fixed rental arrangements. The presentation said Agartala has launched comprehensive cancer care, while Howrah has started robotic knee replacement surgeries.
Results were filed after market close
The standalone results were filed after market close on 5 November 2026. The immediate stock reaction is therefore not part of this update.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹136 cr | ₹126 cr | +7.46% |
| Other income | ₹3 cr | ₹2 cr | +44.83% |
| Expenses | ₹109 cr | ₹102 cr | +6.59% |
| Operating profit | ₹27 cr | ₹24 cr | +11.17% |
| Operating margin (%) | 19.82% | 19.16% | — |
| Interest | ₹2 cr | ₹2 cr | -2.78% |
| Depreciation | ₹7 cr | ₹7 cr | +2.47% |
| Profit before tax | ₹21 cr | ₹17 cr | +20.51% |
| Tax | ₹5 cr | ₹4 cr | +18.96% |
| Net profit | ₹15 cr | ₹13 cr | +20.97% |
| EPS (₹) | ₹1.88 | ₹1.55 | +21.29% |
Operating margin of 19.82% compares with a Healthcare sector median of 21.67% across 74 peers that have reported Q2FY27.
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
This quarter
- The Raipur hospital commenced operations in May 2025.
Guidance & outlook
- Agartala and Howrah occupancy is targeted to increase from about 55% to 70–75%.
Expansion
- The company signed an MoU for a 155-bed Jamshedpur hospital with INR 75 crore investment, targeted for commissioning by end-FY27.
- The company plans to enter Tier II cities in Uttar Pradesh, Assam and Odisha and select Tier I locations in Eastern India.
- The company plans capital-efficient expansion using developer-funded land and buildings and fixed rental arrangements.
New initiatives
- Agartala launched comprehensive cancer care with PET scan and linear accelerator capabilities.
- Howrah commenced robotic knee replacement surgeries.
Competition
- ILS Howrah is located near a railway station with no competing hospital within a five-kilometre radius.
What to watch
- Whether operating margin holds above 19.82% in the next quarter.
- Whether Agartala and Howrah occupancy moves up from about 55% toward management's 70–75% target.
- Progress on the 155-bed Jamshedpur hospital targeted for commissioning by end-FY27.