Andhra Pradesh scheme disruption
A 20-25 day strike in Andhra Pradesh impacted volumes and revenue in Q3, though resolved by quarter end.
medium · management_commentary
Healthcare Global Enterprises Limited — Q3 FY26
HCG delivered a steady Q3 FY26 with revenue of ₹633 crore (+13.4% YoY) and adjusted EBITDA of ₹111 crore (+20% YoY), with margins expanding 100 bps to 17.5%.
bullish
high
✓ Verified against BSE filing
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Gross margin pressure from medical oncology mix shift
Gross profit margin declined to 72% from ~75% due to higher medical oncology and pharmacy costs, though management expects offset via operating leverage.
medium · analyst_questionNew greenfield hospitals may temporarily drag margins
The North Bangalore and Whitefield greenfield projects will add beds but may initially pressure margins during ramp-up.
medium · analyst_questionRights issue dilution
The announced rights issue may dilute existing shareholders; specifics not yet disclosed.
low · analyst_question