Revenue growth target of 30%+
Management guided that 30% revenue growth is easily achievable and they are being 'bit conservative' with this number for FY26.
YATHARTH / guidance tracker
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Yatharth Hospital & Trauma Care Services · forward-looking guidance across the available source record.
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Guidance tracker
What management said would happen.
revenue
ARPO growth of 8-10% annually through FY28
Management maintained 40,000 ARPO target for FY28 with 8-10% annual ARPO growth expected, to be driven by Delhi/Faridabad ramping with oncology, transplant, and international patient mix.
CGHS rate revision benefit of 2.5% to revenue
New CGHS rates effective October 2025 will contribute ~1% benefit in FY26 and ~2.5% to overall revenue from FY27 onwards, given 37% government revenue mix and some exclusions like ECHS.
Agra hospital integration in Q4 FY26
Shanti Vid Hospital (250 beds, running facility with ARPO ~₹30,000+) to be on books from Q4 with full integration expected by H2, contributing positively from day one.
Q4 FY26 expected to exceed Q3 FY26
Management explicitly stated Q4 will be better than Q3 driven by full-quarter impact of CDHS price revision (from January 1, 2026) and reduced losses from new hospitals as occupancy ramps.
FY27 consolidated EBITDA margin target of 24-25%
With ongoing new hospital additions, management guides blended EBITDA margins in the 24-25% range on consolidated level for FY27, noting mature hospital margins (excluding new hospitals) at ~29%.
3,000 incremental beds to reach 5,000 total capacity in 3-4 years
Announced deals within 3-3.5 years with ₹1,500 crore total capex (~₹60 lakh per bed) over 5-year deployment period. Mix of greenfield, brownfield, and asset-light expansion in NCR and major North Indian cities.
Government revenue mix to decline to 25-28% in 2-2.5 years
Management targets reducing government business from current 35% to 25-28% through strategic focus on cash and private insurance, particularly in new hospitals where government mix will be capped at 15-20%.