Max Healthcare Institute Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Revenue	83,735	70,285	54,060	45,626	39,366
Revenue	83,735	70,285	54,060	45,626	39,366
Revenue Growth (YoY)	19.14%	30.01%	18.49%	15.90%	56.96%
Cost of Revenue	31,471	26,511	20,529	17,314	17,481
Gross Profit	52,263	43,774	33,531	28,312	21,885
Selling, General & Admin	17,940	14,747	11,169	9,863	8,729
Other Operating Expenses	11,895	10,157	7,159	5,887	3,365
Operating Expenses	34,300	28,499	20,778	18,072	14,305
Operating Income	17,963	15,275	12,753	10,240	7,580
Interest Expense	-2,351	-1,488	-445.6	-713.2	-900.1
Interest & Investment Income	1,150	1,172	1,562	1,124	750.9
Currency Exchange Gain (Loss)	-	-7	3	-2.4	-3.4
Other Non Operating Income (Expenses)	475.8	204.4	41.6	86.7	207.3
EBT Excluding Unusual Items	17,238	15,158	13,914	10,735	7,634
Merger & Restructuring Charges	-	-	-	-	-90.3
Gain (Loss) on Sale of Assets	-	1.1	4.5	13.3	-30.6
Asset Writedown	-	-	-	-	-0.6
Other Unusual Items	-482.4	-1,095	-265.4	-111.2	-123.8
Pretax Income	16,756	14,064	13,653	10,637	7,389
Income Tax Expense	2,332	3,305	3,077	-397.9	1,339
Earnings From Continuing Operations	14,424	10,759	10,576	11,035	6,051
Net Income to Company	14,424	10,759	10,576	11,035	6,051
Net Income	14,424	10,759	10,576	11,035	6,051
Net Income to Common	14,424	10,759	10,576	11,035	6,051
Net Income Growth	34.07%	1.73%	-4.16%	82.38%	-
Shares Outstanding (Basic)	973	972	972	970	967
Shares Outstanding (Diluted)	977	977	975	972	969
Shares Change (YoY)	-0.02%	0.20%	0.39%	0.24%	12.30%
EPS (Basic)	14.83	11.07	10.89	11.38	6.25
EPS (Diluted)	14.76	11.01	10.84	11.36	6.24
EPS Growth	34.06%	1.57%	-4.58%	82.05%	-
Free Cash Flow	1,488	4,938	3,357	9,485	1,872
Free Cash Flow Per Share	1.52	5.05	3.44	9.76	1.93
Dividend Per Share	2.000	1.500	1.500	1.000	-
Dividend Growth	33.33%	-	50.00%	-	-
Gross Margin	62.41%	62.28%	62.02%	62.05%	55.59%
Operating Margin	21.45%	21.73%	23.59%	22.44%	19.25%
Profit Margin	17.23%	15.31%	19.56%	24.19%	15.37%
Free Cash Flow Margin	1.78%	7.03%	6.21%	20.79%	4.75%
EBITDA	22,428	18,312	14,819	12,226	9,465
EBITDA Margin	26.78%	26.05%	27.41%	26.80%	24.04%
D&A For EBITDA	4,465	3,037	2,066	1,986	1,886
EBIT	17,963	15,275	12,753	10,240	7,580
EBIT Margin	21.45%	21.73%	23.59%	22.44%	19.25%
Effective Tax Rate	13.92%	23.50%	22.54%	-	18.12%
Revenue as Reported	85,361	71,841	55,830	47,018	40,588
Advertising Expenses	-	-	-	-	446.2

Source: S&P Global Market Intelligence. Standard template. Financial Sources.