Shares of Narayana Hrudayalaya surged nearly 5% to Rs 1,835 in early trade on Monday, November 17, after the healthcare major reported a strong set of numbers for the second quarter of FY26. The stock gained Rs 81.50, reflecting positive investor sentiment following the company’s healthy performance across its India and Cayman businesses.
For Q2 FY26, Narayana Hrudayalaya posted a 30% year-on-year rise in net profit to Rs 258 crore. Revenue increased 20% YoY to Rs 1,644 crore, while EBITDA grew 30% to Rs 403 crore. The operating margin improved to 24.5%, up from 22.6% in the same period last year. Shares had closed 1.1% lower at Rs 1,757 ahead of the earnings announcement.
India operations contributed Rs 1,234.7 crore in revenue, marking an 8.8% YoY increase supported by higher domestic patient footfall and a more favourable payor mix. The company also noted improved traction from its clinics, which helped boost overall volumes.
The Cayman business remained a key growth engine, with revenue rising 78% YoY to Rs 431.6 crore, driven by both its hospital and insurance verticals. The consolidated performance helped the group achieve its highest-ever quarterly revenue.
The company reported net debt of Rs 246.6 crore, resulting in a low net debt-to-equity ratio of 0.06.
Operationally, NH continued to strengthen clinical capabilities across major centres. The Howrah unit installed a dual-source 256-slice CT scanner and crossed 1,000 robotic surgeries. In Bengaluru, the cardiac sciences centre recorded its highest quarterly procedures, including 197 robotic and 420 minimally invasive cardiac surgeries. Jaipur added bone marrow transplant services during the quarter, expanding its advanced care offerings.
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