KOCHI: Aster DM Quality Care Ltd reported a 34 per cent year-on-year growth in normalised net profit at Rs281 crore for the second quarter of FY27, supported by higher patient volumes, increased occupancy and a favourable payor mix.
Revenue for the quarter ended September 30, 2026, rose 19 per cent to Rs2,829 crore. The company reported a normalised profit after tax (PAT) margin of 10 per cent and a return on capital employed (ROCE) of 23 per cent, an improvement of 152 basis points over the corresponding period last year.
The quarter was the first full quarter of operations for the merged entity following the merger of Aster DM Healthcare and Quality Care India, which brought together the Aster DM, CARE Hospitals, Evercare and KIMSHEALTH brands.
The company served 2.2 million patients during the quarter, registering a 12 per cent increase year-on-year. Hospital occupancy improved from 65 per cent to 68 per cent, an increase of 335 basis points.
The reported 19 per cent revenue growth and 34 per cent growth in normalised PAT are therefore not purely like-for-like growth figures. The current quarter includes Quality Care India's contribution, whereas the corresponding quarter last year did not.
Overall growth
Growth was particularly strong in specialised procedures. Robotic surgeries increased 39 per cent, kidney transplants 31 per cent and joint replacements 29 per cent. Medical Value Travel (MVT) volumes rose 31 per cent, while MVT revenue increased 36 per cent, driven by patients from the Maldives and Gulf Cooperation Council (GCC) countries.
The emerging hospitals portfolio, including facilities at Kasaragod and Nagercoil, recorded revenue growth of 61 per cent during the quarter, according to the company.
Executive Chairman Dr Azad Moopen said the combined entity had completed its first 100 days as an integrated healthcare platform, with the merger becoming operational from July 1, 2026.
The company operates a network of 38 hospitals across 27 cities, with more than 10,840 beds. It said it would continue expanding its specialised healthcare services and progressing the Aster Thiruvananthapuram project towards commissioning.
