Yatharth Hospital & Trauma Care Services Limited
BSE: 543950 | NSE: YATHARTH
Sector: Healthcare | Industry: Hospital
ABOUT COMPANY
Yatharth Hospital & Trauma Care Services Limited (hereafter referred to as ‘Yatharth’ or ‘the Company’) was incorporated on February 28, 2008 in Delhi NCR by Dr. Ajay Kumar Tyagi and Dr. Kapil Kumar and converted into a public company on November 18, 2021, according to RoC.
Yatharth started its journey with single facility in the Delhi NCR region and has since evolved into a prominent healthcare network in North India. The company is running a chain of multi speciality hospitals which offers various services including oncology, cardiac sciences, neurosciences, renal care and more. The company is strategically focused on high density micro market in North India – National Capital Region (NCR) and the Jhansi–Orchha region – which allows the company to leverage strong brand recall, established clinician networks and referral channels.
Yatharth generates revenue broadly in 3 ways, i.e. healthcare services, pharmaceutical supplies and consultation fees.
| State Name | Location | Launch Year | Capacity Beds | Status |
|---|---|---|---|---|
| Uttar Pradesh | Greater Noida | 2010 | 400 | Operationalised |
| Noida | 2013 | 250 | Operationalised | |
| Noida Extension | 2019 | 450 | Operationalised | |
| Jhansi-Orchha | 2022 | 305 | Operationalised | |
| Agra | 2026 | 250 | Operationalised | |
| Haryana | Gr. Faridabad | 2024 | 200 | Operationalised |
| Faridabad | 2025 | 400 | Operationalised | |
| Delhi | Model Town, Delhi | 2025 | 300 | Operationalised |
| Haryana | Gurugram | 2026 | 250 | Upcoming |
| Total Network Capacity | 2,805 | |||
| Metric | Greater Noida | Noida | Noida Extension | Jhansi – Orchha |
| Year of Operation | 2010 | 2013 | 2019 | 2022 |
| Beds Capacity | 400 | 250 | 450 | 305 |
| Census Beds | 330 | 215 | 390 | 250 |
| No. of ICU Beds | 112 | 81 | 125 | 76 |
| Occupancy Rate | 0.65 | 0.79 | 0.6 | 0.5 |
| ARPOB (₹) | 34605 | 29238 | 38033 | 13218 |
| ALOS (Days) | 4.42 | 4.84 | 4.26 | 3.95 |
| Continent / Region | Country | City / Hub | Nature of International Presence | |
| CIS / Central Asia | Uzbekistan | Tashkent | Representative Office & MVT Information Centre | |
| Tajikistan | Regional Hub | MVT Information Centre & Patient Counselling | ||
| Turkmenistan | Regional Hub | OPD Operations & Patient Outreach Programmes | ||
| Middle East | Iraq | Baghdad | Representative Office & MVT Referral Hub | |
| Afghanistan | Regional Hub | Government & Physician Outreach Programme | ||
| Africa | Mauritius | Regional Hub | Information Centre, OPD Operations & IVF CME Sessions | |
| Tanzania | Regional Hub | Information Centre & Pre-travel Coordination Hub | ||
| Kenya | Regional Hub | Information Centre & Patient Referral Hub | ||
| Ethiopia | Addis Ababa | Cardiac Partnership with Black Lion Hospital & Children’s Heart Fund | ||
| Cameroon | Regional Hub | Institutional & Private Healthcare Partnerships | ||
| Nigeria | Regional Hub | OPD Operations & Healthcare Partner Engagement Events |
| Centre Name | Gynaecology |
| Medicine | Orthopaedics & Spine & Rheumatology |
| Cardiology | Plastic & Cosmetic Surgery |
| Neurosciences | ENT (Ear, Nose, Throat) |
| General Surgery | Endocrinology |
| Nephrology & Urology | Critical Care |
| Paediatrics | Neurointervention |
| Gastroenterology | Dermatology |
| Pulmonology |
| Locations | Number of plants | Number of offices | Total |
|---|---|---|---|
| National | 0 | 11 | 11 |
| International | 0 | 0 | 0 |
| Locations | Number |
|---|---|
| National (No. of States) | 4 |
| International (No. of Countries) | 0 |
| Hospital Name | Year Incorporated/Acquired | Bed Capacity | ICU Beds | Occupancy | ARPOB (₹) | ALOS (Days) |
|---|---|---|---|---|---|---|
| Mature Hospitals | ||||||
| Greater Noida | 2010 Incorporated | 400 | 112 | 65% | 34,605 | 4.42 |
| Noida | 2013 Incorporated | 250 | 81 | 79% | 29,238 | 4.84 |
| Noida Extension | 2019 Incorporated | 450 | 125 | 60% | 38,033 | 4.26 |
| New Hospitals | ||||||
| Jhansi–Orchha | 2022 Acquisition | 305 | 76 | 50% | 13,218 | 3.95 |
| Greater Faridabad | 2024 Acquisition | 200 | 61 | 38% | 30,721 | 3.72 |
| Operationalize in Q1 FY26 | ||||||
| Faridabad | 2024 Acquisition | 400 | 105 | |||
| Model Town, New Delhi | 2024 Acquisition | 300 | 70 | |||
| Total | 2305 | 630 |
Earning Calls Summary
Management Earnings Calls
Quarterly concall summaries, management commentary tracker & key metrics
Record Q3 Revenue Surges 46%; New Hospitals Scale Rapidly
Management opened noting yet another quarter of industry-leading performance with robust 46% YoY revenue growth, delivering the highest-ever quarterly revenue and profitability. A standout highlight was the rapid scale-up of newly operational New Delhi and Faridabad Sector-20 hospitals.
FY26 Revenue Up 36%; 5,000-Bed Target, Gurugram Acquisition
Management opened noting FY26 as an exceptional and transformative year marked by strong operational execution, strategic expansion into high-potential markets, accelerated ramp-up of new facilities, and continued strengthening of clinical excellence across the network.
Q1 Revenue Surges 51%; Maiden Dividend & ESOP Scheme Approved
Management opened noting a strong start to FY27 with the highest-ever quarterly revenue and profits. Newer hospitals at Greater Faridabad, New Delhi, Faridabad Sector 20, and Agra collectively contributed 27% to the revenue mix, demonstrating early success of the acquisition playbook.
Q2 Revenue Surges 52%; Advent's ₹3,150 Cr to Fund 7,000-8,000 Bed Ambition
Management opened describing Q2 FY27 as the strongest quarter to date, noting that since listing in August 2023, Yatharth has more than doubled capacity from 1,405 to ~2,800 beds while tripling revenues and profits. The Advent partnership brings over 35 years of healthcare investment experience and long-term capital to accelerate growth.
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