Max Healthcare Q2 results: net profit falls 15.5% to Rs 414.94 crore
Max Healthcare told the National Stock Exchange its consolidated profit attributable to owners was Rs 414.94 crore in the September 2026 quarter, down from Rs 491.30 crore a year earlier.
Key points
- Max Healthcare Institute said in a filing with the National Stock Exchange that Q2 FY27 consolidated profit attributable to owners was Rs 414.94 crore.
- Revenue from operations was Rs 2,569.21 crore, up 20.3% from the September 2025 quarter and 8.6% from the June 2026 quarter.
- The board also approved a revised cost of about Rs 1,143 crore and an April 2027 completion date for its proposed Gurugram hospital.
Max Healthcare Institute Limited reported consolidated profit attributable to its owners of Rs 414.94 crore for the quarter ended 30 September 2026 (Q2 FY27), down 15.5% from Rs 491.30 crore a year earlier, according to its filing with the National Stock Exchange. Revenue from operations rose 20.3% to Rs 2,569.21 crore.
What Happened
The company's board approved the unaudited standalone and consolidated results on 30 October 2026. The statutory auditors gave an unmodified limited review report on them.
On a consolidated basis, revenue from operations was Rs 2,569.21 crore, against Rs 2,135.47 crore in Q2 FY26 (up 20.3%) and Rs 2,366.17 crore in the quarter ended 30 June 2026 (up 8.6%).
Profit before tax was Rs 540.92 crore, against Rs 446.03 crore a year earlier, a rise of 21.3%. Profit attributable to owners fell 15.5% year on year because the year-ago quarter's tax line was a net credit: the filing shows a current tax charge of Rs 10.29 crore and a deferred tax credit of Rs 55.56 crore in Q2 FY26, whereas Q2 FY27 carried total tax of Rs 126.47 crore. Against the June 2026 quarter, profit attributable to owners rose 28.7% from Rs 322.49 crore.
For the first half of the year, revenue from operations was Rs 4,935.38 crore, against Rs 4,163.04 crore a year earlier. Profit attributable to owners was Rs 737.43 crore, against Rs 799.27 crore. Basic earnings per share for the quarter were Rs 4.26, against Rs 5.05.
The board also took several other decisions, as disclosed in the same filing:
- It approved capital spending of about Rs 93 crore on redevelopment and added clinical capacity at its Sector-128 hospital in Noida.
- It approved about Rs 97 crore to build additional floors at its Vaishali hospital.
- It revised the cost of the proposed hospital of about 525 beds in Sector 56, Gurugram, to about Rs 1,143 crore, and moved the completion date to April 2027. The company attributes the higher cost to changes in facade specifications, additional construction requirements, development of the atrium and enhanced interior fit-outs.
What It Means
The filing shows hospital revenue growing faster than profit after tax this quarter, mainly because of the tax effect in the year-ago quarter. The company has not changed the other aspects of the Gurugram project.
These figures are unaudited. The full results are on the company's website and on the National Stock Exchange.
Oquilia Data: Max Healthcare Institute Ltd. (NSE: MAXHEALTH)
| Close, 29 Oct 2026 | Rs 851.15 (−0.04% on the day) |
|---|---|
| Return 1M / 3M / 6M / YTD / 1Y | −13.33% / −23.42% / −15.44% / −18.56% / −28.44% |
| Against Nifty 50, 1M / 3M / YTD | −14.30 / −18.00 / −6.34 points |
| 52-week closing high / low | Rs 1,181.10 (21 Nov 2025) / Rs 815.00 (23 Oct 2026) |
| Turnover, 20-session average | Rs 345.16 cr; 57.1% delivered; latest volume 1.3x |
Closes adjusted for splits and bonuses; returns exclude dividends. Facts from NSE's files, not investment advice.
Full record: Max Healthcare Institute share price on Oquilia
Source: Company filing on NSE
Sources & Citations
- Company filing on NSE — National Stock Exchange of India