Jupiter Life Line Hospitals (JLHL) Q4 25/26 earnings summary

Executive summary

• FY 2026 marked milestones with early commissioning of Dombivli hospital ahead of schedule and on budget, acquisition of BKC land for a 400-bed hospital, and expansion to four hospitals in MMR, two in Pune, and one in Indore.

• The expansion strategy focuses on asset-heavy, owned infrastructure in densely populated urban areas, aiming for long-term operational stability and leadership in Western India.

• Approved audited consolidated and standalone financial results for the year and quarter ended March 31, 2026, with unmodified audit opinions from statutory auditors.

• Interim dividend of 10% per equity share (Rs. 1 per share) declared for FY 2025-26, record date May 22, 2026.

• Board approved a 1:5 stock split, reducing face value from Rs. 10 to Rs. 2 per share, subject to shareholder approval.

Financial highlights

• FY 2026 total income reached INR 1,499.8 crore, up 15.2% year-over-year; EBITDA was INR 343.3 crore, up 14.4%, with a margin of 22.9%.

• PAT for the year was INR 194.2 crore; Q4 revenue was INR 387.8 crore, up 15.1%, with EBITDA at INR 89.2 crore (23% margin) and PAT at INR 50.2 crore, up 11.5%.

• Consolidated net profit for FY 2025-26 was Rs. 1,941.87 million, compared to Rs. 1,937.54 million last year.

• ARPOB grew 11.7% to INR 67,700; ALOS was 3.87 days; bed occupancy for the three established hospitals was 61.2%.

• Insurance revenues comprised 55.4% of the revenue mix.

Outlook and guidance

• Dombivli hospital expected to reach EBITDA breakeven within two years of operation; insurance empanelment and accreditation processes underway, likely to complete in 6-12 months.

• Pune South hospital on track to open in calendar year 2028; Mira Road project to begin excavation by year-end.

• Thane hospital expansion pending final regulatory approvals, expected within the financial year.

• Scaling bed capacity to 2,900 with new projects in Dombivli, Pune II, Mira-Bhayandar, and BKC, with phased commissioning to optimize capital deployment.

• Stock split expected to enhance share liquidity and affordability for retail investors.