Apollo Hospitals Enterprise Limited · NSE:APOLLOHOSP

Apollo Hospitals Enterprise — Q2 FY26 Earnings Presentation

40 slides from Apollo Hospitals Enterprise's earnings presentation, Nov 6, 2025

  1. Slide 1: Regulation 30 disclosure letter to stock exchanges

    APOLLO HOSPITALS ENTERPRISE LIMITED CIN: L85110TN1979PLC008035 •· .('"0110 l?osPITALS 06t11 November 2025 The Secretary, The Secretary, Bombay Stock Exchange Ltd (BSE) National Stock Exchange, Phiroze Jheejheebhoy Towers, Exchange Plaza, 5th Floor Dalal Street, Plot No.C/1, 'G' Block Mumbai - 400 00

  2. Slide 2: Apollo Hospitals Enterprise Limited Earnings Update Q2 FY26

    Apollo Hospitals Enterprise Limited Earnings Update Q2 FY26 •

  3. Slide 3: Disclaimer

    Disclaimer The information contained in this presentation is provided by Apollo Hospitals Enterprise Limited (the “Company”) to you solely for your reference. This document is being given solely for your information and for your use and may not be retained by you and neither this presentation nor an

  4. Slide 4: Content

    Content Financial Performance Snapshot & Business Digital Health Segment wise Update & Pharmacy Distribution 4-9 (Apollo HealthCo) Consolidated Financials 11-12 Healthcare Services 14-23 Diagnostics & Retail Health (AHLL) 25-28 Digital Health & Pharmacy Distribution (Apollo HealthCo) 30-35 Annexure

  5. Slide 5: Financial Performance Snapshot Q2FY26

    Financial Performance Snapshot Q2FY26 (in ₹ Mio) Revenue Growth EBITDA(Post Ind AS) Margin Growth PAT Growth YoY(%) YoY(%) YoY(%) 8% Healthcare Services 24.6% 12.9% 13% 31,690 9% 7,810 4,101 Offline PD ^ 23,347 16% 1,812 7.8% 19% Apollo HealthCo Online PD^ & 3,259 22% (710) Vs (1,006) in Q2FY25 24|7

  6. Slide 6: Financial Performance Snapshot H1FY26

    Financial Performance Snapshot H1FY26 (in ₹ Mio) Revenue Growth EBITDA(Post Ind AS) Margin Growth PAT Growth YoY(%) YoY(%) YoY(%) 12% Healthcare Services 24.6% 13.0% 61,042 10% 14,988 7,940 15% Offline PD ^ 44,981 17% 3,481 7.7% 19% Apollo HealthCo Online PD^ & (1,442) Vs (2,169) in H1FY25 6,343 24%

  7. Slide 7: Largest Pan India Hospital Chain

    Largest Pan India Hospital Chain Capacity Operational Hospitals Census Beds1 Census Beds Overall Total 73 10,200 9,483 Delhi: 5 Amritsar: 1 Noida: 1 Owned Hospitals 45 8,767 8,050 Bilaspur: 1 Kanpur: 1 Lucknow: 1 Indirapuram: 1 Managed Hospitals 6 790 790 Jaipur: 1 Day Surgery & 22 643 643 Cradle (A

  8. Slide 8: AHLL: Retail Health

    AHLL: Retail Health Apollo Health & Lifestyle Ltd Out-of-Hospital care • Outpatient Clinics • Diagnostics • Day Surgery centers • Single Specialty Facilities :- Dialysis, Sugar and Dental ,. Apollo Health and Ufestyle Ltd Organizing the unorganized • Pathology – Organized chains represent only ~30%

  9. Slide 9: AHL: India's Largest Omni-channel Healthcare Platform

    AHL| India’s Largest Omni-channel Healthcare Platform Apollo HealthCo Ltd • I • Apollo 24|7 Apollo Telehealth* Offline Pharmacy Distribution (n hi Manish • • Provides comprehensive remote • India’s largest Organized Pharmacy Platform with Alw.tya c.aung about your hc~Uh we arc here to holp you! heal

  10. Slide 10: Clinical Updates and New Initiatives

    Clinical Updates and New Initiatives o Apollo Hospitals accomplished the completing over 51 lakh surgeries; 27,000 solid organ transplants in the 42 years of service to the Nation. o Apollo Children’s Hospitals, Chennai, completed over 6,000 pediatric cardiac surgeries and 10,000 interventional proc

  11. Slide 11: Consolidated Financials

    • Consolidated Financials Consolidated Financials © 2025 Apollo Hospitals Enterprise Ltd, All Rights Reserved 10

  12. Slide 12: Consolidated Financials Q2FY26

    Consolidated Financials Q2FY26 (` mio) Digital Health ` Mio Healthcare Diagnostics & & Pharmacy Consol Overall Consolidated Revenue grew by 13% to ` 63,035mio. Services Retail Health Distribution Total Revenues 31,690 4,739 26,606 63,035 EBITDA grew by 15% to ` 9,412 mio. EBITDA (Pre 24|7 Cost) 7,81

  13. Slide 13: Consolidated Financials H1FY26

    Consolidated Financials H1FY26 (` mio) Digital Health & Healthcare Diagnostics & Overall Consolidated Revenue grew by 14% to ` 121,456 mio. ` Mio Pharmacy Consol Services Retail Health Distribution Total Revenues 61,042 9,090 51,324 121,456 EBITDA grew by 20% to ` 17,931 mio. EBITDA (Pre 24|7 Cost)

  14. Slide 14: Healthcare Services Hospitals

    • Healthcare Services Hospitals © 2025 Apollo Hospitals Enterprise Ltd, All Rights Reserved 13

  15. Slide 15: Healthcare Services Financials

    Healthcare Services Financials (` mio) ` Mio Q2FY26 Q2FY25 YoY H1FY26 H1FY25 YoY No of Hospitals 45 45 45 45 Healthcare Services Revenue grew by 9% in Q2FY26 Operating beds 8,050 7,994 1% 8,050 7,994 1% (Inpatient Volume grew by 2% ; Price of and case mix of Occupancy 69% 73% 67% 70% 7%) IP Discharg

  16. Slide 16: Inpatients Revenue Mix H1FY26

    Inpatients Revenue Mix H1FY26 IPS Paed Transplts Uro PSU & Govt 3% 3% Cardio 5% Nephro 3% 19% 9% 4% Self Pay Obs&Gynac 4% Gen Surg 5% 41% 8% Inpatient Inpatient Others Specialty Mix Payor Mix 17% Onco* 8% Internal Med 10% 45% 6% Gastro 10% Neuro Insurance Ortho * Oncology includes Radiotherapy and C

  17. Slide 17: Healthcare Services: Expansion Plan

    Healthcare Services: Expansion Plan To add 4,400 capacity beds ~3,600 census beds over the next 5 years Total Census Project Cost Location Nature Beds Beds (in Crs) Expected commissioning : FY26 -FY27 Royal Mudhol, Pune Hospital Asset Acquisition 384 305 ₹ 665 Current Beds Sonarpur, Kolkata Hospital

  18. Slide 18: Healthcare Services: Operational Snapshot

    Healthcare Services : Operational Snapshot Metros: Chennai, Hyderabad, Bangalore, Mumbai, Kolkata and Delhi H1FY26 6 Metros Non Metros Non Metros (includes Tier1 & Tier2 cities) Ahmedabad, Bhubaneshwar, Lucknow, Operating Indore, Guwahati, Madurai, Trichy, 4,630 3,420 Nellore,Vizag, Kakinada, Mysore

  19. Slide 19: Tamil Nadu Region

    Tamil Nadu Region Metro:- Chennai ; Non Metro:- Madurai, Karur, Karaikudi, Trichy and Nellore Nellore Nellore Tamil Nadu Region Chennai Q2FY26 Q2FY25 YoY H1FY26 H1FY25 YoY Operating Beds 2,066 2,048 0.9% 2,066 2,048 0.9% Bed Occupancy Rate (%) 63% 64% 62% 64% Trichy Inpatient volume 39,356 39,280 0.

  20. Slide 20: AP, Telangana Region

    AP, Telangana Region Metro:- Hyderabad; Non Metro:- Karimnagar, Vizag and Kakinada Vishakhapatnam AP, Telangana Region Q2FY26 Q2FY25 Q2FY25 YoY H1FY26 H1FY25 YoY Operating Beds 1,290 1,240 4.0% 1,290 1,240 4.0% Bed Occupancy Rate (%) 68% 74% 65% 69% Inpatient volume 25,592 24,078 6.3% 48,863 43,807

  21. Slide 21: Karnataka Region

    Karnataka Region Metro:- Bangalore; Non Metro:- Mysore Karnataka Region Q2FY26 Q2FY25 YoY H1FY26 H1FY25 YoY Operating Beds 781 772 1.2% 781 772 1.2% Bed Occupancy Rate (%) 70% 80% 69% 77% Inpatient volume 17,765 18,935 -6.2% 34,718 36,230 -4.2% (1) Outpatient volume 80,336 72,052 11.5% 150,872 132,2

  22. Slide 22: Eastern Region

    Eastern Region Metro:- Kolkata; Non Metro:- Guwahati, Bhubaneshwar, Bilaspur and Rourkela Eastern Region Q2FY26 Q2FY25 YoY H1FY26 H1FY25 YoY Guwahati Operating Beds 1,818 1,847 -1.6% 1,818 1,847 -1.6% Bed Occupancy Rate (%) 79% 80% 75% 78% Inpatient volume 36,361 35,442 2.6% 69,678 68,376 1.9% Outpa

  23. Slide 23: Western Region

    Western Region Metro:- Mumbai; Non Metro:- Nashik and Ahmedabad Western Region Q2FY26 Q2FY25 YoY H1FY26 H1FY25 YoY Ahmedabad Operating Beds 888 870 2.1% 888 870 2.1% Bed Occupancy Rate (%) 60% 67% 56% 61% Inpatient volume 14,939 14,543 2.7% 28,072 27,086 3.6% (1) Outpatient volume 58,359 60,504 -3.5

  24. Slide 24: Northern Region

    Northern Region Metro:- Delhi; Non Metro:- Lucknow and Indore Delhi Northern Region Q2FY26 Q2FY25 YoY H1FY26 H1FY25 YoY Lucknow Operating Beds 1,207 1,217 -0.8% 1,207 1,217 -0.8% Bed Occupancy Rate (%) 72% 74% 71% 73% Inpatient volume 28,915 27,690 4.4% 56,277 54,532 3.2% (1) Outpatient volume 112,0

  25. Slide 25: Diagnostics & Retail Health Apollo Health & Lifestyle Ltd

    • Diagnostics & Retail Health Apollo Health & Lifestyle Ltd © 2025 Apollo Hospitals Enterprise Ltd, All Rights Reserved 24

  26. Slide 26: Executive Summary

    Executive Summary Primary Care Diagnostics Specialty Care J.A IIO o·13I ~SIS il),A ~.A ~lo #'\po .' Clinics Apollo Sugar ® Clinics Apollo DIAGNOSTICS ® il)A Apollo Soectra IHOSPITALS Specialists in Surgery e Cradle &Children's Hospital ltollo Fertility  Core revenues of Primary Care grew by  Net a

  27. Slide 27: AHLL Financials Q2FY26

    AHLL Financials Q2FY 26 (` mio) Corporate / Primary Care Diagnostics Specialty Care AHLL Intra Group AHLL revenue & EBITDA grew by 17% & Revenue 1,242 1,827 1,884 -214 4,739 21% YoY in Q2 FY26 respectively; EBITDA 206 220 208 -133 500 primarily driven by growth in Q2FY26 margin (%) 16.5% 12.0% 11.0%

  28. Slide 28: AHLL Financials H1FY26

    AHLL Financials H1FY 26 (` mio) Corporate / Primary Care Diagnostics Specialty Care AHLL Intra Group AHLL revenue & EBITDA grew by 18% & Revenue 2,377 3,352 3,767 -405 9,090 25% YoY in H1 FY26 respectively; EBITDA 403 339 448 -286 903 primarily driven by growth in H1FY26 margin (%) 16.9% 10.1% 11.9%

  29. Slide 29: Diagnostics: Key Parameters

    Diagnostics : Key Parameters Gross Revenue (INR Mn) EBITDA (INR Mn)1 Operational footprint (as of Sep 30, 2025) 13% 12% ~340+ 9% 10% 9% 220 ~330+ Cities 1,827 8% Cities presence 181 presence 1,524 1,345 1,278 1,164 1,212 116 116 119 110 1 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q1 FY25 Q2 FY

  30. Slide 30: Digital Health & Pharmacy Distribution Apollo HealthCo

    Digital Health & Pharmacy • Distribution Apollo HealthCo © 2025 Apollo Hospitals Enterprise Ltd, All Rights Reserved 29

  31. Slide 31: India's Largest Omni-Channel Healthcare Platform

    India’s Largest Omni-Channel Healthcare Platform Apollo 247 Digital Platform Apollo Pharmacy Platform 6,928 Stores ~15.2% Omni Private ~44 Mn+ Registrations n hi Manish • Added – Q2 186 label / generics Chandigarh: 5 mix ,r; ,>JI - Q2 FY26 Book Apollo Doctor Appoinlmc,nl Himachal Pradesh: 6 Uttarakh

  32. Slide 32: Apollo HealthCo Financials Q2FY26

    Apollo HealthCo Financials Q2FY26 (` mio) Online Healthco (Q2’ FY26 vs Q2’ FY25) Offline Pharmacy Total ` Mio Pharmacy Distribution & HealthCo o 17% growth in revenue in Q2’ FY26 vs Q2’ FY25. Distribution Apollo 247 Total Revenues 23,347 3,259 26,606 o 4x PAT in Q2’FY26 (Rs. 734 Mn) vs Q2’FY25 (Rs.

  33. Slide 33: Apollo HealthCo Financials H1FY26

    Apollo HealthCo Financials H1FY26 (` mio) Healthco (H1’ FY26 vs H1’ FY25) Online Offline Pharmacy Total o 18% growth in revenue in H1’ FY26 vs H1’ FY25. ` Mio Pharmacy Distribution & HealthCo Distribution Apollo 247 o H1’FY26 PAT of Rs. 1,304 Mn vs Rs. 61 Mn in H1 ’FY25 Total Revenues 44,981 6,343 5

  34. Slide 34: Apollo HealthCo: Composite Scheme as approved by the Board on June 30, 2025

    Apollo HealthCo: Composite Scheme as approved by the Board on June 30, 2025 • Proposes to undertake below transactions sequentially, via a scheme of arrangement, subject to requisite corporate and regulatory approvals • Demerger of Omnichannel pharmacy distribution (OCP) and Apollo 24|7 digital plat

  35. Slide 35: Composite scheme: Shareholding Structure

    Composite scheme: Shareholding Structure Shareholder approved Resultant Group Structure Resultant Group Structure Proposed Now in August 2024 (Post all approvals) • Automatic listing of New Co • Direct participation of AHEL shareholders in New Co Keimed AHEL promoters and Other SH 15% + 2.5%** AHEL

  36. Slide 36: Combined Financials Metrics | Snapshot H1FY26

    Combined Financials Metrics| Snapshot H1FY26 (` mio) Offline Online Pharma Total Combined Combined FY24 FY25 Pharma Keimed Q2 Distribution+247 Healthco H1’FY26 Distribution Revenue 137,701 163,772 23,347 3,259 26,606 38,304 47,883 92,179 EBITDA,Pre 9,614 1,753 543 2,296 1,025 3,321 6,499 INDAS 11,18

  37. Slide 37: Annexure

    • Annexure © 2025 Apollo Hospitals Enterprise Ltd, All Rights Reserved 36

  38. Slide 38: Basis of Consolidation

    Basis of Consolidation AHEL Subsidiaries Location Description Ownership AHEL Standalone Hospitals (100% Ownership) Location Material Subs Chennai Main Chennai Apollo Health Co limited India Digital Omni-Channel Healthcare services Platform 99.68% ACI - Chennai Chennai Apollo Health and Lifestyle Ltd

  39. Slide 39: IND AS 116: Impact on P&L and Balance Sheet H1FY26

    IND AS - 116 : Impact on P&L and Balance Sheet –H1FY26 AHEL Standalone (post IND AS 116) AHEL Consolidated (post IND AS 116) Balance sheet Profit & Loss Balance sheet Profit & Loss Right of use Asset 13,350 Revenue Right of use Asset 24,873 Revenue as of Other expenses 577 as of Other expenses 1,338

  40. Slide 40: Thank you

    Thank you 39

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