Apollo Hospitals Enterprise Limited · NSE:APOLLOHOSP

Apollo Hospitals Enterprise — Q3 FY26 Earnings Presentation

41 slides from Apollo Hospitals Enterprise's earnings presentation, Feb 10, 2026

  1. Slide 1: Stock exchange disclosure letter under Regulation 30

    APOLLO HOSPITALS ENTERPRISE LIMITED ... ~~hlloli?osPITALS CIN : L8511OTN1979PLC008035 10th February 2026 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 - 400 001

  2. Slide 2: Apollo Hospitals Enterprise Limited Earnings Update Q3 FY26

    Apollo Hospitals Enterprise Limited Earnings Update Q3 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 14-24 Diagnostics & Retail Health (AHLL) 26-29 Digital Health & Pharmacy Distribution (Apollo HealthCo) 31-36 Annexure

  5. Slide 5: Financial Performance Snapshot Q3FY26

    Financial Performance Snapshot Q3FY26 (in ₹ Mio) Revenue Growth EBITDA(Post Ind AS) Margin Growth PAT Growth YoY(%) YoY(%) YoY(%) 18% Healthcare Services 24.8% 13.3% 21% 31,832 14% 7,898 4,219 Offline PD ^ 25,114 21% 1,954 7.8% 23% Apollo HealthCo Online PD^ & 3,160 15% (675) Vs (1,027) in Q3 FY25 2

  6. Slide 6: Financial Performance Snapshot YTD Dec

    Financial Performance Snapshot YTD Dec 25 (in ₹ Mio) Revenue Growth EBITDA(Post Ind AS) Margin Growth PAT Growth YoY(%) YoY(%) YoY(%) 14% Healthcare Services 24.6% 13.1% 17% 92,874 12% 22,886 12,160 Offline PD ^ 70,095 18% 5,436 7.8% 21% Apollo HealthCo Online PD^ & 9,504 21% (2,117) Vs (3,196) in Y

  7. Slide 7: Largest Pan India Hospital Chain

    Largest Pan India Hospital Chain Capacity Operational Hospitals Census Beds1 Census Beds Overall Total 76 10,325 9,561 Delhi: 6 Amritsar: 1 Noida: 1 Owned Hospitals 47 8,836 8,072 Bilaspur: 1 Kanpur: 1 Lucknow: 1 Indirapuram: 1 Managed Hospitals 6 790 790 Jaipur: 1 Day Surgery & 23 699 699 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: Apollo HealthCo: India's Largest Omni-channel Healthcare Platform

    AHL| India’s Largest Omni-channel Healthcare Platform Apollo HealthCo Ltd Apollo 24|7 Apollo Telehealth* • I• Unmatched Size • Provides comprehensive remote healthcare • 46 Mn.+ Registered Users – 9.5 Lacs Daily services. Active Users t, hi Manish - • Offers specialized telehealth solutions like 24/

  10. Slide 10: Clinical Updates and New Initiatives

    Clinical Updates and New Initiatives o Apollo Children’s Hospital, Chennai, achieved a significant milestone by treating a 13-month-old with Spinal Muscular Atrophy (Type 1) using gene therapy. Within one month, the child showed notable gains in motor control, vocalisation and feeding ability outcom

  11. Slide 11: Consolidated Financials

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

  12. Slide 12: Consolidated Financials Q3FY26

    Consolidated Financials Q3FY26 (` mio) Digital Health Healthcare Diagnostics & & Overall Consolidated Revenue grew by 17% to ` 64,774 mio. ` Mio Consol Services Retail Health Pharmacy Distribution Total Revenues 31,832 4,668 28,274 64,774 EBITDA grew by 27% to ` 9,653 mio. EBITDA (Pre 24|7 Cost) 7,8

  13. Slide 13: Consolidated Financials YTD Dec25

    Consolidated Financials YTD Dec25 (` mio) Digital Health Healthcare Diagnostics & & ` Mio Services Retail Health Pharmacy Consol Overall Consolidated Revenue grew by 15% to ` 186,230 mio. Distribution Total Revenues EBITDA (Pre 24|7 Cost) 92,874 22,886 13,758 1,379 79,599 7,027 186,230 31,291 EBITDA

  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) YTD YTD ` Mio Q3FY26 Q3FY25 YoY YoY Dec25 Dec24 No of Hospitals 47 45 47 45 Healthcare Services Revenue grew by 14% in Q3FY26 Operating beds 8,072 7,996 1% 8,072 7,996 1% (Inpatient Volume grew by 4% ; Price of 3% and case mix Occupancy 67% 68% 67% 69% of 7%) I

  16. Slide 16: Inpatients Revenue Mix YTD Dec25

    Inpatients Revenue Mix YTD Dec25 IPS Paed Transplts Uro PSU & Govt 3% 3% Cardio 6% Nephro 3% 19% 9% 4% Self Pay Obs&Gynac 4% Gen Surg 4% 40% 9% Inpatient Inpatient Others Specialty Mix Payor Mix 16% Onco* 9% Internal Med 10% 45% 6% Gastro 10% Neuro Insurance Ortho * Oncology includes Radiotherapy an

  17. Slide 17: Healthcare Services: Expansion Plan

    Healthcare Services: Expansion Plan Operationalized in Q3FY26 :- Pune 75 beds ; Defence Colony 30 beds. 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 Total Project Cost of ~` 8,200c

  18. Slide 18: Healthcare Services: Expansion Plan

    Healthcare Services: Expansion Plan Total Project Cost of ~` 8,200crs with Balance to be spent of ~`5,400crs. $ Expected Commissioning: FY26-FY27 # Expected Commissioning: FY29-FY30 TB :- Total Beds CB :- Census Beds $ Gurgaon, NCR TB:- 480 CB:-400 Greenfield $ Defence Colony, Delhi # Lucknow(expans

  19. Slide 19: Healthcare Services: Operational Snapshot

    Healthcare Services : Operational Snapshot Metros: Chennai, Hyderabad, Bangalore, Mumbai, Kolkata and Delhi YTD Dec25 6 Metros Non Metros Non Metros (includes Tier1 & Tier2 cities) Ahmedabad, Bhubaneshwar, Lucknow, Operating Indore, Guwahati, Madurai, Trichy, 4,581 3,491 Nellore,Vizag, Kakinada, Mys

  20. Slide 20: Tamil Nadu Region

    Tamil Nadu Region Metro:- Chennai ; Non Metro:- Madurai, Karur, Karaikudi, Trichy and Nellore Nellore Nellore Tamil Nadu Region Chennai Q3FY26 Q3FY25 YoY YTD Dec25 YTD Dec24 YoY Operating Beds 1,987 2,039 -2.6% 1,987 2,039 -2.6% Bed Occupancy Rate (%) 68% 64% 66% 64% Trichy Inpatient volume 41,063 3

  21. Slide 21: AP, Telangana Region

    AP, Telangana Region Metro:- Hyderabad; Non Metro:- Karimnagar, Vizag and Kakinada Vishakhapatnam AP, Telangana Region Q3FY26 Q3FY25 YoY YTD Dec25 YTD Dec24 YoY Operating Beds 1,290 1,240 4.0% 1,290 1,240 4.0% Bed Occupancy Rate (%) 65% 66% 65% 68% Inpatient volume 24,581 22,035 11.6% 73,444 65,842

  22. Slide 22: Karnataka Region

    Karnataka Region Metro:- Bangalore; Non Metro:- Mysore Karnataka Region Q3FY26 Q3FY25 YoY YTD Dec25 YTD Dec24 YoY Operating Beds 781 772 1.2% 781 772 1.2% Bed Occupancy Rate (%) 67% 71% 68% 75% Inpatient volume 16,901 16,991 -0.5% 51,619 53,221 -3.0% (1) Outpatient volume 78,151 72,056 8.5% 229,023

  23. Slide 23: Eastern Region

    Eastern Region Metro:- Kolkata; Non Metro:- Guwahati, Bhubaneshwar, Bilaspur and Rourkela Eastern Region Q3FY26 Q3FY25 YoY YTD Dec25 YTD Dec24 YoY Guwahati Operating Beds 1,820 1,867 -2.5% 1,820 1,867 -2.5% Bed Occupancy Rate (%) 76% 72% 75% 75% Inpatient volume 34,756 32,780 6.0% 104,434 101,156 3.

  24. Slide 24: Western Region

    Western Region Metro:- Mumbai; Non Metro:- Nashik, Ahmedabad and Pune Western Region Q3FY26 Q3FY25 YoY YTD Dec25 YTD Dec24 YoY Ahmedabad Operating Beds 963 876 9.9% 963 876 9.9% Bed Occupancy Rate (%) 51% 57% 52% 59% Inpatient volume 13,959 13,109 6.5% 42,031 40,195 4.6% (1) Outpatient volume 55,694

  25. Slide 25: Northern Region

    Northern Region Metro:- Delhi; Non Metro:- Lucknow and Indore Delhi Northern Region Q3FY26 Q3FY25 YoY YTD Dec25 YTD Dec24 YoY Operating Beds 1,231 1,202 2.4% 1,231 1,202 2.4% Lucknow Bed Occupancy Rate (%) 67% 74% 69% 74% Inpatient volume 26,517 27,510 -3.6% 82,862 82,042 1.0% Outpatient volume (1)

  26. Slide 26: Diagnostics & Retail Health Apollo Health & Lifestyle Ltd

    • Diagnostics & Retail Health Apollo Health & Lifestyle Ltd © 2025 Apollo Hospitals Enterprise Ltd, All Rights Reserved 25

  27. Slide 27: Executive Summary

    Executive Summary Primary Care Diagnostics Specialty Care J.A '"'poIIo o·ta I y:s1s ., ~A Apollo gl)A • ~ Cradte Clinics DIAGNOSTICS ® Apollo S~~~1 ~m &Children's Hospital l~olloFertility Specialists in Surgery  Core revenues of Primary Care grew by  Net addition of 12 Satellite Labs & 239  Spect

  28. Slide 28: AHLL Financials Q3FY26

    AHLL Financials Q3FY 26 (` mio) Corporate / Primary Care Diagnostics Specialty Care AHLL Intra Group AHLL revenue & EBITDA grew by 20% & Revenue 1,282 1,768 1,843 -225 4,668 39% YoY in Q3 FY26 respectively; EBITDA 231 191 196 -141 476 primarily driven by growth in Q3FY26 margin (%) 18.0% 10.8% 10.6%

  29. Slide 29: AHLL Financials YTD Dec25

    AHLL Financials YTD Dec25 (` mio) Corporate / Primary Care Diagnostics Specialty Care AHLL Intra Group AHLL revenue & EBITDA grew by 19% & Revenue 3,659 5,119 5,610 -630 13,758 29% YoY in 9M FY26 respectively; EBITDA 633 529 644 -428 1,379 YTD Dec25 margin (%) 17.3% 10.3% 11.5% - 10.0% primarily dri

  30. Slide 30: Diagnostics: Key Parameters

    Diagnostics : Key Parameters Gross Revenue (INR Mn) EBITDA (INR Mn)1 Operational footprint (as of Dec 31, 2025) 13% 12% ~360+ 10% 9% 10% ~330+ 8% 220 Cities Cities presence 1,827 1,752 181 1,524 175 presence 1,345 1,278 1,212 119 116 116 1 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q2 FY25 Q3 F

  31. Slide 31: Digital Health & Pharmacy Distribution Apollo HealthCo

    Digital Health & Pharmacy • Distribution Apollo HealthCo © 2025 Apollo Hospitals Enterprise Ltd, All Rights Reserved 30

  32. Slide 32: India's Largest Omni-Channel Healthcare Platform

    India’s Largest Omni-Channel Healthcare Platform Apollo 247 Digital Platform Apollo Pharmacy Platform 7,113 Stores ~15.5% Omni Private ~46 Mn+ Registrations n hi Manish • Added – Q3 185 label / generics Chandigarh: 5 mix ,r; ,>JI - Q3 FY26 Book Apollo Doctor Appoinlmc,nl Himachal Pradesh: 6 Uttarakh

  33. Slide 33: Apollo HealthCo Financials Q3FY26

    Apollo HealthCo Financials Q3FY26 (` mio) Online Healthco (Q3’ FY26 vs Q3’ FY25) Offline Pharmacy Total ` Mio Pharmacy o 20% growth in revenue in Q3’ FY26 vs Q3’ FY25. Distribution & HealthCo Distribution Apollo 247 o 3x PAT in Q3’FY26 (Rs. 869 Mn) vs Q2’FY25 (Rs. 321 Mn) Total Revenues 25,114 3,160

  34. Slide 34: Apollo HealthCo Financials YTD Dec FY26

    Apollo HealthCo Financials YTD Dec FY26 (` mio) Online Offline Pharmacy Total ` Mio Pharmacy Distribution & HealthCo Distribution Apollo 247 Healthco (YTD Dec’ FY26 vs YTD Dec’ FY25) Total Revenues 70,095 9,504 79,599 EBITDA (Pre 24|7 Cost) 5,436 1,591 7,027 o 19% growth in revenue in YTD Dec’ FY26

  35. Slide 35: Apollo HealthCo: Composite Scheme 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

  36. Slide 36: 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

  37. Slide 37: Proforma Combined Financials Metrics Snapshot YTD Dec 25

    Proforma Combined Financials Metrics| Snapshot YTD Dec 25 (` mio) Q3 FY26 Combined Offline Pharma Online Pharma Total Combined YTD Dec FY24 FY25 Distribution Distribution+247 Healthco Keimed Q3 FY26 ’FY26 Revenue 137,701 163,772 25,114 3,160 28,274 39,529 50,380 1,42,559 EBITDA,Pre 9,614 1,892 561 2

  38. Slide 38: Annexure

    • Annexure © 2025 Apollo Hospitals Enterprise Ltd, All Rights Reserved 37

  39. Slide 39: Basis of Consolidation

    Basis of Consolidation AHEL AHEL Standalone Hospitals (100% Subsidiaries Location Description Ownership 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

  40. Slide 40: IND AS 116: Impact on P&L and Balance Sheet YTD Dec25

    IND AS - 116 : Impact on P&L and Balance Sheet –YTD Dec25 AHEL Standalone (post IND AS 116) AHEL Consolidated (post IND AS 116) Balance sheet Profit & Loss Balance sheet Profit & Loss Right of use Asset 13,757 Revenue Right of use Asset 25,097 Revenue as of Other expenses 905 as of Other expenses 2,

  41. Slide 41: Thank you

    Thank you 40

Apollo Hospitals Enterprise — Q3 FY26 Earnings Presentation on 6ix