Kovai Medical Center surges as Q2 PAT rises 31% YoY

Kovai Medical Center & Hospital surged 5.96% to Rs 6,494.50 after the company reported a 30.77% year-on-year increase in standalone net profit to Rs 76.97 crore in Q2 FY27.

Sequentially, net profit rose 11.41% from Rs 69.09 crore in Q1 FY27.

Revenue from operations increased 20.57% year on year to Rs 472.63 crore from Rs 391.99 crore. Sequentially, revenue grew 9.58% from Rs 431.31 crore.

Profit before tax increased 33.21% year on year to Rs 103.76 crore from Rs 77.89 crore. Sequentially, PBT rose 13.35% from Rs 91.54 crore.

Total expenditure increased 18.40% year on year to Rs 369.14 crore. Cost of medicines, hospital consumables and dietary consumed rose 29.34% to Rs 138.03 crore, while employee expenses increased 13.46% to Rs 86.14 crore. Interest costs declined 10.30% to Rs 7.84 crore, while depreciation increased 24.79% to Rs 33.42 crore.

On a segmental basis, healthcare revenue increased 21.17% to Rs 448.56 crore, while education revenue rose 15.09% to Rs 24.07 crore.

The company reported net cash from operating activities of Rs 239.23 crore during H1 FY27, compared with Rs 162.31 crore in the corresponding period last year, an increase of 47.4%.

Kovai Medical Center & Hospital (KMCH) operates a multispecialty hospital offering healthcare services across various specialities. It also runs the KMCH Institute of Health Sciences and Research, which offers an MBBS programme.

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