GPT Healthcare Limited — Q3 FY26

GPT Healthcare Ltd Q3 FY2025-26 Earnings Conference Call https://www.youtube.com/watch?v=2MhSxtuuulo Published: 3 months ago

0:00 Ladies and gentlemen, good day and welcome to GPT Healthcare Limited Q3 FI26 earnings conference call for hosted 0:07 7 seconds by MFG in time. As a reminder, all participant lines will be in the listen only mode and there will be an opportunity for you to ask questions 0:15 15 seconds after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on 0:22 22 seconds your stone phone. Please note that this conference is being recorded and now hand the conference over to Miss Sel 0:29 29 seconds from MG in time. Thank you and over to you ma'am. Thank you. 0:35 35 seconds Welcome to Q3 and 9 month x26 earnings call of GPT healthcare limited. Today on 0:42 42 seconds this call we have with us Mr. Atul Tantia group CFO, Mr. Anurat Tantia, 0:49 49 seconds executive director and Mrs. Kiti Tantia CFO. Before we proceed the call, I would like to give a small disclaimer that 0:57 57 seconds this conference may contain certain forward-looking statements which are based on beliefs, opinions and expectations of the company as on date. 1:07 1 minute, 7 seconds These statements are not guaranteed of future performance and involves risk and uncertainty which are difficult to 1:15 1 minute, 15 seconds predict. A detailed disclaimer has been given in the company's investor presentation which is uploaded on stock 1:22 1 minute, 22 seconds exchange. Now I would like to hand over the conference to the management for the opening remarks. Over to you sir. 1:32 1 minute, 32 seconds Good morning everyone. Thank you for joining us today for GPT Healthcare Limited's Q3 and 9 months fiscal ending 1:38 1 minute, 38 seconds FY26 earnings call. Let me begin with a brief overview of the industry outlook. 1:45 1 minute, 45 seconds India's healthcare sector is at a decisive inflection point offering a strong runway for scaled quality growth 1:52 1 minute, 52 seconds with the industry's estimated value at 638 billion in 2025 along with a healthy expected kagger growth of 17.5 to 22.5%. 2:03 2 minutes, 3 seconds driven by favorable demographics, rising health awareness, a growing burden of chronic and lifestyle diseases and 2:10 2 minutes, 10 seconds improved access to organized care beyond tier one cities into urban and semi-urban markets. 2:17 2 minutes, 17 seconds India has developed a strong health care infrastructure with almost 780 medical colleges and close to 14 lakh doctors 2:24 2 minutes, 24 seconds and with the continued government focus, the same is expected to further improve going forward. In the budget 2026, 2:32 2 minutes, 32 seconds honorable finance minister had has allocated almost 1.6 lakh cr health budget which is a 9% increase from 2:40 2 minutes, 40 seconds current financial year. Demand catalysts are firmly in place with medical tourism rebounding in India supported by 2:48 2 minutes, 48 seconds superior outcomes, international accredititations and cost competitiveness. While the public platforms are expanding affordability 2:55 2 minutes, 55 seconds and access through Aishman cards, a rapidly scaling digital backbone of a AHA ids and 33,000 plus empanled hospitals trending tertiary care reach. 3:07 3 minutes, 7 seconds Our network of hospitals is very well positioned favorably gained from the above with our focused neighborhood tertiary care network of affordable healthcare facilities. 3:17 3 minutes, 17 seconds Now let us talk about the business highlights and financial highlights. 3:22 3 minutes, 22 seconds Starting with our overall financial performance for 9 months ending FI26, EITA for the period stood at 65.1 cr with a margin of 18.58%. 3:32 3 minutes, 32 seconds Reflecting a stable operating performance and continued focus on cost discipline. Profit after tax was rupees 3:39 3 minutes, 39 seconds uh 27.6 crores translating into a pack margin of 7.89%. 3:45 3 minutes, 45 seconds Revenue from operations came in at 350.5 crores, registering a healthy yearon-year growth of 12.12% 3:53 3 minutes, 53 seconds and a 16.81% growth compared to the same quarter last year. These have been driven by improving occupancies, better 4:00 4 minutes case mix and higher throughput across hospitals. 4:04 4 minutes, 4 seconds On the operational front, the average revenue per occupied bed for 9 months FI26 stood at rupees 38,797 4:14 4 minutes, 14 seconds supported by a focus on specialized procedures and mid to minimum premium pay mix. Overall bed occupancy improved 4:22 4 minutes, 22 seconds to 55%. excluding the newly commissioned RIPER facility reflecting steady ramp up across hospitals and continued traction in mature facilities. 4:33 4 minutes, 33 seconds Including the Riper facility, the occupancy was 45%. 4:37 4 minutes, 37 seconds The overall average length of stay improved to 3.48 compared to 3.54 the previous fiscal. 4:45 4 minutes, 45 seconds Approximately 90% of our business continues to come from cash and insurance patients reflecting the strength of our tertiary care model. 4:53 4 minutes, 53 seconds Coming to the hospital-wise performance, the Salt Lake Hospital continued to deliver strong performance during the quarter. The hospital witnessed an 5:01 5 minutes, 1 second improvement in occupancy levels from 58% to 63% during the 9 months period. This was supported by a sustained increase in 5:08 5 minutes, 8 seconds ARPOB alongside a favorable case mix. A key highlight remains the robot enabled surgical program with approximately 750 5:17 5 minutes, 17 seconds plus number of procedures undertaken till date. 5:21 5 minutes, 21 seconds With a growing number of complex and minimally invasive pro procedures being performed, the solid lake hospital retains its position as a high-end surgical center. 5:30 5 minutes, 30 seconds The Agatala hospital with a capacity of 205 beds is the only corporate tertiary care hospital in the city of Tripura playing a critical role in addressing advanced healthcare needs in the region. 5:41 5 minutes, 41 seconds During the period, the hospital witnessed an occupancy growth from 47 to 52% and an ARPO growth of almost 9% YI. 5:49 5 minutes, 49 seconds With the start of comprehensive oncology services in this hospital, we expect to increase our scope of services to the people of Tripura and eastern Bangladesh. 5:59 5 minutes, 59 seconds The Damn Hospital recorded a marginal increase in occupancy levels. However, the occupancy rate remained north of 965% and well supported by stable demand 6:08 6 minutes, 8 seconds from its densely populated catchment area. The ARPOP increased from 40,880 to 42,396 6:15 6 minutes, 15 seconds during the period. We are happy to report the starting of the department of cardiac and thoracic surgery in this hospital in line with our commitment to 6:23 6 minutes, 23 seconds increase the number of operative departments. 6:26 6 minutes, 26 seconds The Harra hospital located in close proximity densely populated Hara Station area is one of its kind facility in the 6:34 6 minutes, 34 seconds 5 km radius. This hospital has reported an improved occupancy in ARPOP during reporter in line with the other 6:42 6 minutes, 42 seconds facilities driven by increasing patient volumes and expanding clinical offerings. 6:47 6 minutes, 47 seconds The hospital is successfully managing and growing its robotic knees replacement surgery segment which has been well received and is expected to 6:55 6 minutes, 55 seconds contribute meaningfully to the revenue growth and casem going forward. 7:00 7 minutes ILS hospital Raipur continued its ramp up trajectory during the quarter. The hospital has expanded its clinical cap capabilities with the initiation of 7:08 7 minutes, 8 seconds advanced treatment and surgical procedures and we are pleased to share that the facility is on track to achieve a vida break even in the next 6 to8 7:15 7 minutes, 15 seconds months well within the targeted time frame. 7:19 7 minutes, 19 seconds This milestone reflects improving occupancies, growing acceptance in the geography and disciplined execution. 7:27 7 minutes, 27 seconds The riper facility is equipped with some of the most advanced equipment and has facilities for chemotherapy and oncology surgeries and fully operational. 7:38 7 minutes, 38 seconds The Jamshedpur hospital which is upcoming remains firmly on track following the signing of the MOU. The project work on the planned 150 bed 7:46 7 minutes, 46 seconds facility is progressing as per scheduled and we continue to work towards commissioning it within the guided timeline. This hospital will further strengthen our presence in the 7:55 7 minutes, 55 seconds underserved regions supporting our long-term growth strategy. 8:00 8 minutes During the quarter, we continue to invest in technology-led delivery care delivery including robotic surgeries, advanced diagnostics, and specialized tertiary procedures across hospitals. 8:12 8 minutes, 12 seconds Our focus remains on enhancing clinical outcomes through modern medical infrastructure, skilled clinicians, and patiententric processes. 8:21 8 minutes, 21 seconds As we move forward, we remain committed to our vision of building a thousand bed hospital chain targeted by 2027, 8:29 8 minutes, 29 seconds expanding access to quality tertiary health care and strengthening our presence across eastern India. This strategy is anchored in scalable growth, 8:37 8 minutes, 37 seconds clinical excellence and disciplined financial execution and continues to guide our long-term direction. Thank you for your attention. With this, I 8:46 8 minutes, 46 seconds conclude my opening remarks and would now request the moderator to open the floor for questions. I look forward to addressing your queries regarding our 8:53 8 minutes, 53 seconds performance and future outlook. Thank you. 8:57 8 minutes, 57 seconds Thank you very much. We will now begin with the question and answer session. 9:01 9 minutes, 1 second Anyone who wishes to ask a question may press star and one on your touchstone telephone. If you wish to remove yourself from the question queue, you may press star and two. Participants are 9:10 9 minutes, 10 seconds requested to use handsets while asking a question. Ladies and gentlemen, we will wait for a moment while the questions you assemble. The first question comes 9:18 9 minutes, 18 seconds from the line of sutrit departing from eyesight. Please go ahead. 9:25 9 minutes, 25 seconds Good morning to the team. My name is Sukrutin. Uh I have two uh questions. My first question is uh looking at uh GPT 9:33 9 minutes, 33 seconds healthcare core OTC and prescription brand. How does management decide where to increase focus and where to stay 9:40 9 minutes, 40 seconds cautious as market conditions evolve? As you track the business through the year, what changes in consumer demand, doctor 9:48 9 minutes, 48 seconds engagement or distribution productivity typically signal the need to adjust these settings? Just want to understand your view on this. Thank you. That's my 9:56 9 minutes, 56 seconds first question. I'll ask my second question after this. 10:00 10 minutes So we constantly track the productivity across our clinical specialtities. There is a constant metrics which includes the 10:07 10 minutes, 7 seconds length of stay, the R pop of a particular department, the number of patients. These are metrices which are strongly tracked by the management team 10:14 10 minutes, 14 seconds and accordingly we add the number of uh doctors available or the productivity increase. We monitor the same throughout 10:21 10 minutes, 21 seconds the year. uh with this in mind for example we started cardiac surgeries in the Dumdam hospital this financial year in the past two months and we've already 10:30 10 minutes, 30 seconds incre seen uh productivity numbers of almost 15 surgeries in the past one month so these are metrics which are constantly monitored to end up giving us 10:39 10 minutes, 39 seconds feedback as to what departments can end up starting in which hospital thank you a similar question to Mr. Atul 10:45 10 minutes, 45 seconds uh uh beyond the margins discussed, what are the key internal indicators you track closely such as uh trade spend, 10:54 10 minutes, 54 seconds channel mix or working capital trends to assess whether profitability and cash flow are progressing as expected before 11:03 11 minutes, 3 seconds these trends uh reflect on your on on the balance sheet. 11:09 11 minutes, 9 seconds So we do track things like ROE and ROC as well also we do track cash flow to the conversion because we feel that that 11:17 11 minutes, 17 seconds is a very important metrics to track the uh this also enables us to check our data levels trade payables etc. So all 11:26 11 minutes, 26 seconds uh this is something channel financing and all that we don't do as such. So uh we we track ROE, ROC, 11:35 11 minutes, 35 seconds cash flow to bida conversion and uh data levels. Those are three or four metrics we do track when it comes to the balance sheet. 11:44 11 minutes, 44 seconds Thank you and best of luck for the next quarter. Thank you. 11:50 11 minutes, 50 seconds A request to all participants, please restrict your questions to two per participants. For more questions, please rejoin the queue. The next question 11:58 11 minutes, 58 seconds comes from the line of Sunil Jane from NAL Bank. Please go ahead. 12:03 12 minutes, 3 seconds Uh yeah, thanks for taking my questions and uh my question relate to uh Rayipur and Dumdum Hospital. So Rayur, can you 12:13 12 minutes, 13 seconds specify how much is the AITA loss in this quarter? 12:19 12 minutes, 19 seconds So the Ripur AIA loss is around 2.5 crores in this quarter. 12:23 12 minutes, 23 seconds Okay. And uh this has considerably reduced from the previous quarter. What was it? 12:31 12 minutes, 31 seconds We are expecting it to go further down in the next few months. Uh 12:39 12 minutes, 39 seconds overall overall the loss is around 10 crores of which around 2 crores has been in the previous quarter and the previous hy crores. 12:47 12 minutes, 47 seconds Okay. And uh you expect it to break even in another two to three quarters. 12:53 12 minutes, 53 seconds We expected to break even just in the next 6 months on a monthly basis. 12:57 12 minutes, 57 seconds Yeah. Yeah. Okay. And sir, uh second question relate to dum dum. Uh here if I see your deck uh the utilization has 13:07 13 minutes, 7 seconds come down in this apart from this other hospital has done comparatively well and the revenue growth is uh double digit in 13:14 13 minutes, 14 seconds most of the hospital but this is lacking. So any uh indication why it is so and uh how you expect it to improve 13:23 13 minutes, 23 seconds and uh what is the AOL in this uh particular hospital? 13:30 13 minutes, 30 seconds So for the Dumam Hospital we have been in the middle of a restructuring exercise in this hospital. If you see the number of inatients has increased 13:37 13 minutes, 37 seconds significantly. uh the same period last year we had 8,300 patients and in this period we have almost 9,000 patients which is a significant increase of 13:46 13 minutes, 46 seconds almost 8% in that hospital uh this is coming from reduction in uh dependency on a few departments and activating 13:55 13 minutes, 55 seconds other departments in this hospital as I told you we've activated recently activated cardiothoracic surgery in this hospital as well where we've already 14:02 14 minutes, 2 seconds done 15 successful surgeries we are also activating uh advanced cardiology procedures and advanced urology procedures in this 14:11 14 minutes, 11 seconds hospital as well. So there has been a constant shift and a dedicated focus towards reducing dependence on certain departments in this hospital and 14:19 14 minutes, 19 seconds activating new departments. At the same time we've been able to reduce the throughput in this hospital also. Our average length of stay has gone down 14:27 14 minutes, 27 seconds from 4.5 to 4.3 in this hospital. So which is an indication that the strategy which we are planning is working out in this hospital. 14:35 14 minutes, 35 seconds So this average stay uh in dum dum where you would like to see means in another next two three quarters. 14:41 14 minutes, 41 seconds Ideally ideally this would should be stable at around the four figure considering the complex treatments which go on in this hospital and average 14:49 14 minutes, 49 seconds length of stay would be of four would be very very good in this hospital. 14:53 14 minutes, 53 seconds Okay. And uh uh then uh when we can start uh getting uh uh doubledigit 15:01 15 minutes, 1 second growth uh maybe next year. Next year we expect this hospital to start giving double digit growth again. We are already on track and we seeing the traction happen even in the Q3 and Q4. 15:13 15 minutes, 13 seconds Okay. And sir other hospital like uh Hava Agar Tala and uh uh your SL lake 15:21 15 minutes, 21 seconds all have grown in double double digit year on year. So this trend we can expect to continue even in the coming period. 15:30 15 minutes, 30 seconds Yes. Okay sir. Great. Thank you very much. Thank you. 15:35 15 minutes, 35 seconds Thank you. Next question comes from the line of Abhishek Maheshwari from Sky Rich Fund Managers. Please go ahead. 15:43 15 minutes, 43 seconds Hi, thank you for taking my question and congratulations on the revenue growth. 15:49 15 minutes, 49 seconds Uh first question is regarding the other expenses. I'm assuming this is increased because of the rapper commissioning but when can we expect the other expenses 15:58 15 minutes, 58 seconds the as a percentage of sales to go back to 40% uh from this 45% that we have right now. 16:05 16 minutes, 5 seconds So yes you're right the other expenses has primary increased on account of the commissioning of the riper hospital where a lot of it has gone into promotional expenses for the hospital. 16:14 16 minutes, 14 seconds We expect that in the next uh 6 months to 8 months it'll come the ratio should significantly come down. 16:22 16 minutes, 22 seconds Uh all right and any issues you are facing in Agatala because of the Bangladesh issue. 16:29 16 minutes, 29 seconds So we have been able to get past that we have increased our uh footprint in Tripura itself. Bangladesh we have uh 16:38 16 minutes, 38 seconds the number of patients is still not back to what it used to be. So we've redirected our uh marketing and uh 16:46 16 minutes, 46 seconds productivity efforts in Tripura and North Tripura which is giving us results and with the addition of comprehensive oncology care in our Agatala hospital we 16:54 16 minutes, 54 seconds are seeing significant traction where productivity has gone up almost 10% there. 17:00 17 minutes Okay. And with respect to Rapur, I think you have already commented on the break even part. But just uh since it's a new 17:09 17 minutes, 9 seconds hospital 6 months into it, what kind of environment are we seeing there with respect to inpatient and outpatient footfalls and tie up with doctor and surgeon consultants? 17:19 17 minutes, 19 seconds So we are doing very well in the Riper hospital. We've already uh we are on target with regards to our financial year estimates. uh in fact in that 17:28 17 minutes, 28 seconds hospital in just under six months we've already started doing renal transplants. 17:32 17 minutes, 32 seconds We are about to start doing liver transplant in the hospital. We have a very good and dedicated team of clinicians which is well supported by 17:40 17 minutes, 40 seconds the technology that we have there and we are seeing good productivity and traction in this hospital. 17:45 17 minutes, 45 seconds Got it. And lastly, how is uh Q4 shaping up? If you can uh comment on that. 17:53 17 minutes, 53 seconds Q4 is as per our estimates at this point. All right, I'll get back to the clue. Thank you, sir. Thank you. 18:01 18 minutes, 1 second Thank you. 18:04 18 minutes, 4 seconds The next question comes from the line of Sidhan Canodia from Tusk Investment. Please go ahead. 18:10 18 minutes, 10 seconds Yeah. Uh, hi sir. Uh, so my first question is regarding the Riper. You mentioned that the AIDA loss for this quarter was 2.5. So what will be the 9 18:18 18 minutes, 18 seconds months Aida loss and are we expecting any AIDA loss in Q4 as well? 18:23 18 minutes, 23 seconds So 9 months aid loss is around 10 crores for Raipur. Yes, we do expect another one and a half to two crores of Aida loss in Q4. 18:33 18 minutes, 33 seconds Okay. So full year we are expecting 12 CR and so this number uh next year this will be a break even or can we expect some uh EIDA positive? 18:42 18 minutes, 42 seconds We hope to break even on a monthly basis in the next 6 months. So hopefully in the entire full uh financial year we should be uh just about a bit positive. 18:54 18 minutes, 54 seconds Okay. And so my last question is regarding Jamshur. So next year what what sort of eida loss are we expecting from that unit and if we remove the 19:03 19 minutes, 3 seconds riper facility the 9 month uh sales growth for the old centers has been close to 7%. So uh going forward should we take this as a base case or are we looking to uh improve it? 19:14 19 minutes, 14 seconds So the Jamshitpur facility is expected to be commissioned around Q4 of FY27. 19:20 19 minutes, 20 seconds uh we expect uh losses of around 3 to four crores for that during the period. 19:26 19 minutes, 26 seconds Uh in terms of the growth in the current uh 9 months or quarteron quarter we've seen almost a 10% or 11% growth from the 19:36 19 minutes, 36 seconds existing four hospitals and a 7 and a half% growth from the riper hospital. We expect this traction to continue going forward as well. 19:44 19 minutes, 44 seconds Okay. Thank you sir. I'll get that in the queue. 19:46 19 minutes, 46 seconds Thank you. Thank you. A request to all participants. Please restrict your questions to two per participants. For more questions, please rejoin the queue. 19:55 19 minutes, 55 seconds The next question comes from the line of Rich Chadri from Electum PMS. Please go ahead. 20:02 20 minutes, 2 seconds Hello. Yeah. Hi, morning sir. I just had a couple of questions. So one on the Salt Lake Hospital. So we had previously 20:10 20 minutes, 10 seconds seen that the occupancy was roughly around 70% and plus but uh it has currently dropped to roughly around 60%. 20:17 20 minutes, 17 seconds So how that how do we see that increase and back to 70 plus level and similarly for the dam hospital also and al and the 20:26 20 minutes, 26 seconds second question is that right now we are roughly at around 700 beds and we are adding 150 beds Jam shakeur by Q4 of 20:33 20 minutes, 33 seconds FI27 uh but in the presentation we have mentioned that we will reach thousand beds hospital by FI27. So how do we see that happening? 20:44 20 minutes, 44 seconds So with regards to solic a key reason for the decrease in overall occupancy levels is the throughput having increased. If you look at it from a 20:51 20 minutes, 51 seconds patient number perspective our patient numbers are uh same if not growing. The reason bed occupancy has fallen is because the average length of stay has 20:59 20 minutes, 59 seconds come down sign significantly from almost 3.3 to 2.7 2.8. This is making more beds 21:06 21 minutes, 6 seconds available which we are uh moving towards filling up and increasing productivity which has already started happening in this financial year itself. The same 21:15 21 minutes, 15 seconds applies to dum dum as well. Dum dum we have there has been a significant reduction in the length of stay from almost 5 to 4 uh 4 in the current uh 21:25 21 minutes, 25 seconds quarter. There is a strong focus on that hospital to restructure the number of departments and the type of departments 21:31 21 minutes, 31 seconds we have there to focus on high arp low state departments. This has already commenced with the starting of cardiac 21:38 21 minutes, 38 seconds surgeries in dum and there are more departments to be added in the floor. 21:43 21 minutes, 43 seconds I'm sorry what was the next question? Uh so we are currently at around 700 beds right now and we are adding for that gap of reaching thousands by 27. 21:56 21 minutes, 56 seconds We are we we are actively pursuing and evaluating opportunities which come to us. It is about matter of time as to 22:04 22 minutes, 4 seconds what ends up being the right fit for uh the expansion process. Okay. Thank you. 22:12 22 minutes, 12 seconds Thank you. 22:13 22 minutes, 13 seconds Thank you. The next question comes from the line of Vidisha from PR Hotaris. 22:19 22 minutes, 19 seconds Please go ahead on the hospital. The only reason for I'm sorry you're not audible. You're not audible. Ma'am, we unable to hear you. 22:30 22 minutes, 30 seconds I don't know. 22:32 22 minutes, 32 seconds Yeah. So the only reason for dum hospital occupancy going down uh is due to decrease in average length of stay or is there any other demand issue also? 22:43 22 minutes, 43 seconds So it is a combination of uh reduction in average length of stay and as well as our focus on restructuring the number of 22:52 22 minutes, 52 seconds departments and type of departments we have there. We are working strategically to reduce depart dependence on a couple of departments because of which we have 22:59 22 minutes, 59 seconds been activating new uh high AROB low length of state departments which is causing this change to happen. We are well into the strate strategic change 23:08 23 minutes, 8 seconds for almost nine months and we are seeing results of that starting to come in now. 23:14 23 minutes, 14 seconds Okay. And uh any guidance on the revenue or the average uh revenue per bet? 23:22 23 minutes, 22 seconds So the average revenue uh per operating bed at Dum Dum is at around the 42,000 mark which has increased from 40,000 from the previous quarter. 23:33 23 minutes, 33 seconds Yeah. Uh sir I mean on the overall slide. 23:36 23 minutes, 36 seconds Sorry Mr. Messa uh we request you to return the question for the followup question. Yeah. 23:43 23 minutes, 43 seconds Thank you. The next question comes from the line of arpitia from IG. Please go word. 23:51 23 minutes, 51 seconds Yeah. Hi. Thank you for the opportunity. 23:53 23 minutes, 53 seconds Uh my question is regarding the occupancy rate. So how do the company see the occupancy rate in next let's say medium-term uh let's say two years. 24:07 24 minutes, 7 seconds So we see uh the ideal occupancy rate should be at around the 70 to 75% mark depending on the size of the 24:15 24 minutes, 15 seconds hospital. Most of our mature assets of Damdam and Salt Lake are around that mark. We expect the assets of Agatala 24:24 24 minutes, 24 seconds and Harvard to move around that mark in the next uh one year. Rayur being a new asset, we expect that uh it'll be moving 24:31 24 minutes, 31 seconds towards a 70% occupancy in the in close to the next 3 years. 24:37 24 minutes, 37 seconds Okay. And what is the company's strategy to increase the occupancy rate? 24:43 24 minutes, 43 seconds We have been working across all hospitals on different departments. As I said, we've started oncology in the Agatala hospital which is a 24:51 24 minutes, 51 seconds comprehensive oncology care that itself has started giving us a lot of traction in the Salt Lake hospital. We have been focusing a lot on gastrontology and now 25:00 25 minutes with that we'll be starting uh GI surgeries as well at Dum Dum. We've added short stage high A R A R A R A R A R A R A R A R A R A R pop departments 25:08 25 minutes, 8 seconds like cardiac surgery, urology, interventional cardiology. So like this across all hospitals there is a lot of 25:15 25 minutes, 15 seconds department focus which is starting to pay out dividends to us now. 25:20 25 minutes, 20 seconds Got it. And uh since uh having said that we are going towards thousand bed capacity. So the next 300 beds would be 25:30 25 minutes, 30 seconds a green field or are you looking for some amenities? 25:34 25 minutes, 34 seconds So we've towards the next 300 beds we've already announced the uh Jamshedpur hospital which should be starting within one year that will be around 150 beds. 25:44 25 minutes, 44 seconds Apart from that we are looking out for uh options in the eastern part of the country. They may be brownfield or greenfield in nature. 25:52 25 minutes, 52 seconds Okay. Thank you. 25:54 25 minutes, 54 seconds Thank you. The next question comes from the line of ASA from Smi India Private Limited. Please go ahead. 26:03 26 minutes, 3 seconds Yeah. couple of questions. Uh the uh the first question is on the existing hospital where uh you had mentioned 26:09 26 minutes, 9 seconds earlier that uh both and a will move to the 70% occupancy part in one year. 26:19 26 minutes, 19 seconds Yes, we are we are seeing significant traction for it to culminate in the next one to one and a half years. Uh we have 26:27 26 minutes, 27 seconds started quite a few departments as we said we've started uh the oncology services in Gatala. We've started uh cardiac surgeries in Agatala. In 26:35 26 minutes, 35 seconds Harvard, we've started robotic orthopedic surgeries and we've recently commissioned neurosurgeries as well. So there are quite a few departments which have been added in these hospitals for 26:44 26 minutes, 44 seconds us to transition to that uh area because Har has been at 40% uh almost 26:51 26 minutes, 51 seconds like doubling the occupancy kind of so Habra we as I said there has been a lot of work going on in that region. 27:00 27 minutes We've changed the clinical mix. We've changed the departmental mix and that is starting to give us the results now. 27:08 27 minutes, 8 seconds And the second question is had the capex for the jumpur been completely spent as or no the jumpshur capex is about to start. 27:18 27 minutes, 18 seconds Right now the scope of work is to the developer post which our capex is going to start. 27:23 27 minutes, 23 seconds Okay. So the 75 crores which the company has already been spent. No, it has not been spent too long. Okay. 27:32 27 minutes, 32 seconds Thank you. The next question comes from the line of Rita from CJW Investments. Please go ahead. 27:39 27 minutes, 39 seconds Uh hello sir. A very good morning. Uh so my question was mainly regarding the occupancy rates only. So if you could 27:49 27 minutes, 49 seconds just reiterate again uh in Agarala what is our uh in each of the hospitals basically what is our target occupancy 27:57 27 minutes, 57 seconds that we're looking at see the ideal occupancy is around the 28:03 28 minutes, 3 seconds 70% mark across assets plus - 5% depending on the size of assets for Agatala we ideally expect the hospital 28:11 28 minutes, 11 seconds to move to the uh 70% occupancy mark soon for that we've started quite a few departments and are focusing on 28:19 28 minutes, 19 seconds percolating those departments across the entire state of Tripur as well as eastern Bangladesh. 28:25 28 minutes, 25 seconds Okay. Because it's been at around 40 45% since the last 5 years. So uh by then it was at around the 40% it was at 28:33 28 minutes, 33 seconds around the 40% mark. It has already moved to the 51 52% mark and we're seeing significant traction for it to go further up. 28:42 28 minutes, 42 seconds Okay. And the ROP there uh what is the expectation? 28:49 28 minutes, 49 seconds The RPOP in Agarala is at around the 37,000 mark while our network AR pop is 28:56 28 minutes, 56 seconds around 39,000. We expect it to move towards the network ROP or uh be around at a slight discount to the network ROP considering its location. 29:07 29 minutes, 7 seconds Uh this is considering by FI30 or is this very near-term that you're talking about? 29:13 29 minutes, 13 seconds Sorry it was not audible. The question was not audible. 29:16 29 minutes, 16 seconds Yeah I'm saying that uh are you expecting this by FI30 like in the next four five years? Are you expecting this immediately in the medium term let's say by FI? 29:26 29 minutes, 26 seconds We are we we are already at the 37,000 mark at an ARB level and our network ARB is at the 39,600. We expect uh regular 29:35 29 minutes, 35 seconds inflationary growth to happen through this. 29:38 29 minutes, 38 seconds Okay. Okay. And what about Dum Dum Hospital? Uh what is the kind of occupancy we expect there? 29:44 29 minutes, 44 seconds Dum Dum is at almost the 65 66% mark. 29:48 29 minutes, 48 seconds And as I said there have been significant changes in the departments there also. We are seeing we are hopeful that it should be moving towards the 29:56 29 minutes, 56 seconds optimal occupancy sooner at the 70% mark. Correct. 30:03 30 minutes, 3 seconds Okay. And Havra also because Havra is also at around 404. 30:09 30 minutes, 9 seconds As I said previously also we have already activated quite a few new departments in Havra including interventional cardiology, robotic 30:17 30 minutes, 17 seconds surgery and orthopedics and it has started giving us traction. The occupancy has moved up uh by almost five percentage points in the past six months 30:26 30 minutes, 26 seconds and we expect it to go up further uh as we are further strengthening these departments. 30:32 30 minutes, 32 seconds But this 70% mark by which year do we miss 30:39 30 minutes, 39 seconds it's just a follow we should be reaching the 70% in the next one and a half years in all the mature hospitals right? 30:50 30 minutes, 50 seconds Yes, that is the target. 30:52 30 minutes, 52 seconds Okay, thank you so much. 30:56 30 minutes, 56 seconds Thank you. The next question comes from the line of Vidisha from PR Kotari Answers. Please go ahead. 31:12 31 minutes, 12 seconds M Sha, you may proceed with your question. 31:17 31 minutes, 17 seconds As there is no response from the current participant, we move towards the next question. The next question comes from the line of Anush Kashab from A3 Capital. Please go ahead. 31:28 31 minutes, 28 seconds Good morning. I'm audible. Yes, please go ahead. 31:33 31 minutes, 33 seconds Uh so just I wanted to know is there any good strategy to attract the central government employees as the central 31:40 31 minutes, 40 seconds government has revised uh its uh regulation for the health for the insurance health insurance for its employees. 31:49 31 minutes, 49 seconds So we do take CGHS patients in some of our hospitals depending on the occupancy levels. uh at this point we are taking 31:56 31 minutes, 56 seconds CGS patients in Agatal hospital and we are looking at extending that facility into the newly commissioned dryur hospital. 32:05 32 minutes, 5 seconds And sir, uh will that be uh margin created for us or uh definitely with the welcome move of 32:14 32 minutes, 14 seconds increase in uh tariff in the CGS rates, it should contribute uh to the overall 32:20 32 minutes, 20 seconds profitability of the uh hospital. At this point with the volume being very low for us, it is difficult to quantify 32:28 32 minutes, 28 seconds how much margin accreditive it will be, but it should definitely be an improvement. 32:33 32 minutes, 33 seconds And sir, uh one last one, sir. Uh so like uh in presentation you have uh mentioned the eastern region like 32:40 32 minutes, 40 seconds strategically like Bihar, UP or and Odisha you want to target the T three cities. So sir will that be uh organic or in inorganic? 32:51 32 minutes, 51 seconds So or we have already announced the uh hospital in Jamshetpur which should be commissioned in the next one year. Apart 32:59 32 minutes, 59 seconds from that we are looking at inorganic opportunities in these locations. 33:04 33 minutes, 4 seconds However, if there was uh organic opportunity and the loca city was very attractive, we would be open to that as well. 33:14 33 minutes, 14 seconds That will be for discussion features. 33:19 33 minutes, 19 seconds Thank you. Ladies and gentlemen, that was the last question for today. I now hand the conference over to the management for comments. Thank you and over to you sir. 33:29 33 minutes, 29 seconds Thank you everyone for your questions which I hope we've suitably addressed. 33:32 33 minutes, 32 seconds In case you have any further queries, please do get in touch with us. Thank you for your continued support and trust in our company's vision and capabilities. Together, we look forward 33:41 33 minutes, 41 seconds to achieving new milestones and creating lasting value. Thank you and have a good day ahead. 33:49 33 minutes, 49 seconds Thank you. On behalf of GPT Healthcare Limited, that concludes this conference. 33:54 33 minutes, 54 seconds Thank you for joining us and you may now disconnect your line. Thank you.