ARTEMISMED / Q3-FY26 / claim-ledger

Audit the questions that mattered.

Artemis Medicare Services · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ3-FY26 · 2026-02-14Back to quarter ↗

Questions audited

Answered directly

83%

Numeric claims

Consistency

contradicted

Question ledger

What was answered, and how?

Himmanu Binani · Anand Rati

evasive

Impact of reduced import duties on equipment costs and medical tourism policy.

It is a very pertinent question... we have to see when does this actually come into effect to be very candid... it's a great move for the healthcare industry... going to hugely help save our capex cost.

Raman Ki · Sequent Investments

direct

Capex and funding details for 300-bed Raipur facility.

Our capex for Raipur is all done and it is at 100 crores for 300 beds... a long-term rental deal... capex is 100 crores which is a mix of approval and the ISC fund which is lying with us.

Raman Ki · Sequent Investments

direct

Expected ARPOB and ramp-up for Raipur facility.

We are expecting an AR of 30 to 35 thousand to start... from 30 to 35 we will be ramping up to 40, 45, 50, 55 as we move on.

Raman Ki · Sequent Investments

direct

Promoter infusion in the 700 crore fund raise.

Promoter doesn't plan to infuse anything. It would be in a form of QIP.

Raman Ki · Sequent Investments

direct

International patient volume figures for the quarter.

Volume is 89 cr. In terms of volume on year basis it is 35% growth.

Sanscar · Capital

direct

Reason for delay in Raipur facility opening.

It's a one month here and there and the basic reason is some of the equipment installation... a pet scanner... took a little bit longer than expected.

Sanscar · Capital

partial

Utilization of 700 crore fund raise proceeds.

A large part of this fund is going for our inorganic expansion... Vimhance... additional beds... couple of very good green and brown field projects.

Sanscar · Capital

direct

Capex per bed for South Delhi project.

Cost per bed would be in the range of 75 to 80 lakhs per bed which is actually a steal today in South Delhi.

Sanscar · Capital

direct

Timeline to reach 70% occupancy.

We are at 62-63 by the end of this financial year or the beginning of the next financial year we should be hovering around 68-70%.

Sumat Gupta · Antique Stock Broking

direct

Expected ARPOB growth over next 1-2 years.

We are going to maintain the increase in the ARPOB trend... 4 to 6% year on year is something we are... for a long-term sustenance 6% year on year is doable.

Sumat Gupta · Antique Stock Broking

partial

Reason for subdued performance in Daffodils and Cardiac Care.

The centers are doing well, the losses are almost gone... the problem is... these centers were primarily created to provide healthcare at 20-25% cheaper... mindset of people... they still prefer to come to a hospital.

J Prakash Toshniwal · LIC Mutual Funds

direct

Dilution impact from fund raise and need for such large amount.

Chairman is at 58.3% shareholding after conversion and even after the fund raise we are going to maintain his majority... we have a lot of headroom for debt... close to an investment of 1,800 to 1,900 cr.