Narayana Hrudayalaya Ltd. · NSE:NH
Narayana Hrudayalaya — Q3 FY26 Earnings Presentation
22 slides from Narayana Hrudayalaya's earnings presentation, Feb 13, 2026
Slide 1: Exchange submission cover letter
Date of submission: February 13, 2026 To, To, The Secretary The Secretary Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Phiroze Jeejeebhoy Towers, Mumbai – 400 051 Dalal Street, Mumbai
Slide 2: Earnings Update Q3 FY26
Earnings Update Q3 FY26 August 02, 2023
Slide 3: Index
Topic Slide No. Our Footprint 03 Narayana Health at a Glance 04 Q3 FY26 Highlights 05 Index Capex 16 Digital Transformation Initiatives 17 Narayana Health ESG Vision – “Health For All” 18 Shareholding Pattern 19 2
Slide 4: Our Footprint (as on 1st January 2026)
Our Footprint (as on 1st January 2026) United Kingdom India Ophthalmology Centers Hospitals/ Surgical Centers Diagnostic Centers Hospitals/Surgical Centers + Delhi NCR Urgent Treatment Centers Barlborough Jaipur Rochdale Guwahati Lincolnshire Birmingham Buckinghamshire Ahmedabad Jamshedpur Emersons
Slide 5: Narayana Health – At Glance
Narayana Health – At Glance 6,245 Total Capacity Beds Facility Details No. of Facilities Operational Beds South (India) Hospitals - 6 | Heart Centres - 2 | Clinics - 14 | India - Owned / Operated Hospitals(1) 18 5,306 Diagnostic Centre - 1 Operational Beds - 2,065 (Hospitals) and 132 (HC) India - He
Slide 6: Key Highlights – Operational & Financial Performance (Q3 FY26)
Key Highlights – Operational & Financial Performance (Q3 FY26) • Narayana Institute of Cardiac Sciences, Bangalore has performed: • 244 robotic cardiac surgeries (35% increase QoQ). • 48 TAVIs (50% increase YoY). • Narayana Super-specialty Hospital, Howrah has performed Complex Pediatric Interventio
Slide 7: India Operations – Revenue (Q3 FY26)
₹ Mn India Operations – Revenue (Q3 FY26) Total* Domestic 15,004 12,331 11,707 11,003 11,780 10,044 10,548 10,004 10,004 -4.5% QoQ -6.0% QoQ 5,004 5,004 4 4 Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 11.7% YoY 9.5% YoY International Integrated Care - NHIC and NHIL 700 583 600 513 270 232 500 22
Slide 8: India Hospital Operations – Revenue Mix (Q3 FY26)
India Hospital Operations – Revenue Mix (Q3 FY26) Business Mix(4,7,8) Specialty-Profile(4,7,8) Payor-Profile(4,7,8) 5% 17% 33% 17% 25% 4% 45% 8% 1% 73% 9% 0% 13% 32% 15% Cardiac Sciences Owned Hospitals (1) Medicine and GI sciences Domestic Walk-in patients Oncology Operated Hospitals (2) Renal Scie
Slide 9: Operational Review – India Hospitals (Q3 FY26)
Operational Review – India Hospitals (Q3 FY26) Average Revenue Per Patient (IP & OP) (1,2) ALOS ₹ ‘000 Days 4.7 149.4 157.2 4.5 141.5 4.5 4.4 4.3 OP 4.3 IP 4.1 4.6 4.8 4.9 3.9 3.7 Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 Patient Footfalls (IP & OP)(1,3) 110 ICU Occupied Bed Days ‘000 700 662
Slide 10: Cluster Split – India Hospitals (Q3 FY26)
Cluster Split – India Hospitals (Q3 FY26) This considers owned/operated hospitals & heart centers in India Southern Eastern Western Bangalore Kolkata Northern Peripheral Peripheral • NICS • Mysore • RTIICS • Jamshedpur • Mumbai • Gurugram Regions • MSMC • Shimoga • Barasat • Guwahati • Ahmedabad • N
Slide 11: Profitability Snapshot – India Hospitals (Q3 FY26)
Profitability Snapshot – India Hospitals (Q3 FY26) Excludes Jammu, NHIC, NHIL, ATHMA & MEDHA (2) EBITDA and EBITDA Margin (1) Cost Structure ₹ ‘Mn % of Operating Revenues 23.8% 22.7% Chart Title Share Rental / Revenue (7) 2,700 25.0% 2% 2% 2% 2,500 100% 20.0% 90% 12% 11% 11% 2,300 80% (5) 19.7% 19%
Slide 12: NH Integrated Care and Insurance: Snapshot
NH Integrated Care and Insurance: Snapshot Points of Presence * No. of Patient Transactions * ‘000 12 11 11 200 10 155 10 145 150 8 106 100 6 4 50 2 0 Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 Revenue – Integrated Care* YTD Gross Written Premium** 240 255.0 170 156 156 ₹ ‘Mn ₹ ‘Mn 205.0 150 13
Slide 13: Operational Review – Cayman Islands (Q3 FY26)
Operational Review – Cayman Islands (Q3 FY26) Hospital Revenues Insurance Revenues (CIHL) US$ Mn US$ Mn 49.0 15.0 12.9 44.8 44.0 41.6 9.3 10.0 39.0 35.3 34.0 7.7% QoQ 38.4% QoQ 5.0 29.0 0.9 24.0 0.0 Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 27.1% YoY 1332% YoY Discharges Out-Patients 13,500 12
Slide 14: United Kingdom – Consolidated (Q3 FY26)
United Kingdom – Consolidated (Q3 FY26) Profit and Loss Key Balance Sheet Items GBP Mn FY25 Q3 FY26 GBP Mn FY25 Q3 FY26 Revenue 250 42 Shareholder’s Equity 24 40 Adj. EBITDA (Pre IFRS) 20 2.8 Total Borrowings 0 149 Adj. EBITDA (Post IFRS) 28 4.2 Lease Liabilities 58 60 Other Liabilities 7 23 Impact
Slide 15: Consolidated Financial Performance
Consolidated Financial Performance Figures in ₹ Mn, unless stated otherwise Profit and Loss Statement(1) Key Balance Sheet Items(1) Particulars (₹ Mn) Q3 FY25 Q3 FY26 (W/o UK) Q3 FY26 (With UK) Particulars 31st Dec 2025 (With UK) Total Operating Revenue 13,346 16,610 21,512 Consumption 2,652 2,968 3
Slide 16: Summary of Financial Performance
Summary of Financial Performance ₹ Mn Q3FY26 Q3FY25 YoY % India Revenue(1) 11,796 10,552 11.8% Cayman Revenue(2) 4,991 2,935 70.0% UK Revenue(2) 4,902 0 Consol Revenue(3) 21,512 13,346 61.2% Consol Adj. EBITDA(4) 4,662 3,257 43.1% Adj. EBITDA margin 21.7% 24.4% Adj. PAT(4) 2,548 1,936 31.6% Adj. PAT
Slide 17: Expansion: Progress Status & Capex Strategy
Expansion: Progress Status & Capex Strategy Building to strengthen our presence in flagship regions Current Bed Capacity Bed Capacity Addition Bed Capacity Target 400 7,600+ 7,685 Capex Head FY26 (P) FY26 (A) 300 100 350 350 220 Greenfield/ 5,750 215 4,240 955 Inorganic Brownfield/ 159 86 Capacity A
Slide 18: Digital Transformation Initiatives
•Incident Management achieved 50% reduction in patient incidents. Digital Transformation Initiatives Impact | Mobile Apps Launch | New Products Initiatives | Business GTM | ATHMA • AADI now processes 40Mn monthly • Launched Clinical Worklist to flag • Medicine Administration and • 1000+ beds initiat
Slide 19: NH ESG Vision – “Health For All”
NH ESG Vision – “Health For All” Actuals FY 25~26-Upto Q3 (T – Target FY 25~26-Upto Q3) A Healthy Planet By being conscious about impact on the environment, prioritizing consumption efficiency and resource optimization 50% Carbon Neutral 100% Optimized 30% less Renewable energy Waste-water recycling
Slide 20: Shareholding Pattern
Shareholding Pattern As on 31st Dec 2025(1) ESOP Trust DIIs 0.7% Total Number of Shares 9.4% 204,360,804 FIIs 11.1% Key DIIs Key FIIs Mirae Asset Management Franklin Templeton Investment Funds Parag Parikh Asset Management Vanguard Index Funds Nippon Life India Asset Management Simcah Partners LP Ot
Slide 21: Disclaimer and Contact Details
Disclaimer and Contact Details No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. The information contained in this presentation is only current as
Slide 22: Take Care
i. C Take Care