31-Oct-2026 20:52:59
RAINBOW CHILDREN'S MEDICARE Q2 FY27: REVENUE UP 23% YOY; TARGETS 5,000+ BEDS BY FY32, MAJOR HOSPITAL EXPANSION PLANNED
• Hospital Expansion Target: Management plans to expand total bed capacity from 2,685 to 3,875 by FY30, with a target of over 5,000 beds by FY32, including projects under discussion • Capacity Addition Plans: Targets 25 additional beds in FY27, 385 beds in FY28, 630 beds in FY29 and 150 beds in FY30 • Margin Performance: EBITDA margin stood at 31% versus 33.5% YoY and 28.6% QoQ, reflecting sequential improvement but annual margin pressure • Hospital Network: Operates 26 hospitals across 11 cities, with total capacity of 2,685 beds, including 130 beds at Madhukar Hospital • New Hospital Commissioning: Nellore (70 beds) and Guntur (50 beds) commenced operations in September 2026, while Bengaluru HRBR (60 beds) started operations in May 2026 • FY28 Hospital Expansion: Coimbatore hospital targeted for commissioning in H2 FY28, while Mumbai hospital is expected to commence operations in Q1 FY28 • Indore Expansion: Plans to operate 25 beds initially, with an independent approximately 100-bed facility targeted by the end of FY29 • Future Expansion Pipeline: Additional projects under discussion across Hyderabad, Lucknow, Noida, Jaipur, Bhubaneswar, Raipur, Chandigarh, Mumbai and Ludhiana • Patient Volume Growth: Inpatient discharges increased 15% YoY to 32,706, while outpatient consultations surged 19% to 5.07 lakh • Maternity Business: Deliveries increased 20% YoY to 5,719, supported by growing demand for women and maternity healthcare services • Hospital Occupancy: Overall occupancy stood at 49.2% versus 52% YoY and 41.2% QoQ, reflecting strong sequential improvement • Revenue Per Bed: ARPOB increased 10% YoY to ₹63,413, although it declined from ₹67,256 QoQ • Emerging Hospitals: Inpatient discharges increased 32% YoY to 8,845, while occupancy improved to 47.2% from 44.7% • New Hospital Profitability: New hospitals contributed 4% of group revenue with negative 16% pre-Ind AS EBITDA margin, reflecting the initial ramp-up stage • Future Growth Strategy: Focused on expanding the hub-and-spoke hospital network, increasing capacity utilisation, strengthening specialised pediatric and maternity services and entering additional cities • FY27 Guidance & Capex: Management disclosed hospital capacity addition targets but no specific FY27 revenue growth, EBITDA margin or quantified capex guidance
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