Max Healthcare Institute Ltd
Max Healthcare: Q2 FY27 Consolidated Profit Rs. 41,445 Lakhs, Gurugram Hospital Cost Revised
RESULTS
◆ Monitor Closely
MEDIUM RISK
📅 Filed on BSE: 30 Oct 2026, 02:48 PM IST · BSE ID: 39826bbb-7e18-4bd1-9742-f7f2ccd386b7
View Original BSE Filing (PDF)
💡
In Simple Terms
Max Healthcare released its latest financial results and approved significant capital spending on hospital expansions and a revised Gurugram project.
🤖 AI Summary
- Max Healthcare's board approved unaudited consolidated financial results for Q2 FY27, reporting profit of Rs. 41,445 Lakhs.
- Approved capital expenditure of ~₹93 Crore for redevelopment and capacity enhancement at Max Super Speciality Hospital, Noida.
- Approved capital expenditure of ~₹97 Crore for additional floor construction at Max Super Speciality Hospital, Vaishali.
- Project cost for the ~525 bedded hospital at Sector-56, Gurugram, revised to ~₹1,143 Crore, with completion by April 2027.
- Dr. Dharmender Kumar appointed as Director & Chief - Public Affairs, effective November 1, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Consolidated Profit for Q2 FY27
Rs. 41,445 Lakhs
Not comparable — limited prior period data.
Consolidated Profit for Half-year FY27
Rs. 73,741 Lakhs
Not comparable — limited prior period data.
Capital Expenditure MSSH Noida
~₹93 Crore
Capital Expenditure MSSH Vaishali
~₹97 Crore
Revised Project Cost Gurugram Hospital
~₹1,143 Crore
🏢 How This Affects the Company
The approved capital expenditures for MSSH Noida (~₹93 Crore) and MSSH Vaishali (~₹97 Crore) aim to enhance clinical capacity and expand facilities, potentially supporting future revenue growth and market presence in these regions. The Gurugram hospital project revision to ~₹1,143 Crore with a completion timeline to April 2027 indicates an expansion in asset base.
The capital expenditures total ~₹190 Crore for Noida and Vaishali, alongside the revised Gurugram project cost of ~₹1,143 Crore, will impact cash flows and balance sheet through increased fixed assets and potential debt or equity funding. Q2 FY27 consolidated profit stood at Rs. 41,445 Lakhs.
The expansion projects at Noida and Vaishali will increase bed capacity and clinical services, requiring operational integration and resource management. The Gurugram hospital's revised timeline to April 2027 provides a clear operational target for commissioning the new ~525 bedded facility.
The revision in the Gurugram hospital project cost to ~₹1,143 Crore from previous estimates introduces execution and budget management risks. Delays or further cost overruns could impact project economics.
👥 What This Means For Shareholders
✅
Action Required
No immediate action required from shareholders based on this filing.
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Who Is Affected
All shareholders are indirectly affected by the company's financial results and strategic capital allocation decisions, which influence future business performance and asset base.
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Management Signal
The decisions signal management's intent to continue expanding capacity in existing facilities and completing large-scale new hospital projects, backed by capital commitment.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Progress updates on construction at MSSH Noida and MSSH Vaishali.
Further intimation on the Gurugram hospital project, particularly regarding its April 2027 completion.
Q3 FY27 financial results to monitor ongoing business performance.
MEDIUM RISK
Significant capital expenditure revisions and project timeline extensions introduce execution and cost management risks.
💡 Investor Takeaway
Max Healthcare reported Q2 FY27 consolidated profit of Rs. 41,445 Lakhs. The board approved ~₹190 Crore for two hospital expansions and revised the Gurugram hospital project cost to ~₹1,143 Crore with a new April 2027 completion target.
⚖️ Strengths & Concerns
✅ Positives
- Approved significant capital expenditure of ~₹93 Crore and ~₹97 Crore for capacity enhancements at two existing hospitals.
- Q2 FY27 consolidated profit reached Rs. 41,445 Lakhs, with half-year profit at Rs. 73,741 Lakhs.
⚠️ Concerns
- Gurugram hospital project cost revised to ~₹1,143 Crore from an earlier intimation, indicating a substantial increase in budget.
- The completion timeline for the Gurugram hospital project is extended to April 2027, from an earlier intimation date of May 22, 2024.
📅 Company Track Record
Max Healthcare reported Q2 FY27 gross revenue up 20% YoY to ₹3,219 Cr in a previous filing on October 30, 2026. Prior filings also indicated PAT rose 10% YoY for Q2 FY27. Another filing on the same date noted Q2 FY27 consolidated profit Rs. 41,445 Lakhs and Gurugram hospital cost revision to ~₹1,143 Crore.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Max Healthcare's consolidated profit for Q2 FY27?
Max Healthcare's unaudited consolidated profit for the quarter ended September 30, 2026, was Rs. 41,445 Lakhs.
What is the capital expenditure approved for Max Super Speciality Hospital, Noida?
The board approved capital expenditure of ~₹93 Crore for redevelopment and clinical capacity enhancement at Max Super Speciality Hospital, Sector-128, Noida.
What is the revised project cost and completion timeline for the Gurugram hospital?
The project cost for the ~525 bedded hospital at Sector-56, Gurugram, was revised to ~₹1,143 Crore, with a completion timeline of April 2027.
Who was appointed as Senior Management Personnel at Max Healthcare?
Dr. Dharmender Kumar was approved for appointment as Director & Chief - Public Affairs, identified as Senior Management Personnel, effective November 1, 2026.
Questions based on this BSE filing only. For information purposes.