- Revenue increased by 78% compared to Q1FY23.
- EBITDA improved by 8% from Q1FY23.
- PAT (Profit After Tax) for Q1FY24 includes a deferred tax benefit of Rs. 30.44 Crores
- Occupancy rate increased to 57.2% in Q1FY24 from 52.1% in Q1FY23.
- IPD and OPD volumes grew by 17.8% and 18.4% YoY, respectively, in Q1FY24.
- Payor mix remained strong with insurance companies at 53.3% in Q1FY24.
- Management Commentary:
- Debt has been fully repaid, resulting in annual interest cost savings of Rs. 40+ crores.
- Focus on improving occupancy levels, particularly in Indore and Pune hospitals.
- Plans to build a 500-bed hospital in Dombivli and expand the total bed count to 2,500 beds in the western region of India.
- Revenue from operations increased to Rs. 243.2 Crores, a YoY growth of 21.3%.
- EBITDA margin was 21.8% in Q1FY24.
- PAT increased significantly by 77.4% compared to Q1FY23.
- Operating Hospitals: 3
- Upcoming Facility in Dombivli with a capacity of 500 beds.
- Occupancy rate at 57.2% with an ARPOB of Rs. 55,796 in Q1FY24.
- Established and commenced operations of the first hospital in Thane in 2007.
- Listed on BSE & NSE in 2017.
- Commenced operations of Pune Hospital in 2022.
- Announced Greenfield expansion Hospital in Dombivli in 2020.
- Acquired Indore Hospital in 2020.
- Equipped with advanced infrastructure and skilled healthcare professionals.
- Hospitals designed with patient and companion-centric atmosphere.
- Twin sharing rooms, wide staircases, step-out gardens, and 1:1 nursing stations in ICUs.
- Thane, Pune, and Indore hospitals with varying occupancy rates and ARPOB levels.
- Jupiter Hospitals is equipped with advanced medical technology and facilities, including 3T MRI, 128-slice CT Scanners, digital X-rays, and more.
- They have modern operation theaters with high-efficiency air filters and laminar flow systems.
- Digital technology integration allows access to patient records and diagnostic images in operating rooms.
- Specialized rehabilitation facilities include robotic gait trainers, anti-gravity treadmills, and more for neurological patients.
- Nuclear medicine, including PET/CT and Gamma cameras, and advanced cancer therapeutics are available.
- The Indian healthcare industry is growing steadily, with a focus on western regions.
- Western India is witnessing strong growth in healthcare infrastructure, including hospital beds, physicians, and nurses.
- Jupiter aims to strategically expand into western micro-markets and recruit skilled healthcare professionals.
- Quality patient care and investment in the latest technology are top priorities.
- The IPO proceeds will be used to fully repay long-term borrowings and strengthen the balance sheet.
- Operating metrics show increasing bed capacity, occupancy rates, and outpatient and inpatient volumes.
- Return ratios like ROCE and ROE have been improving over the years.
- Debt will be fully repaid with the IPO proceeds, reducing the debt-to-equity ratio.
- The company is committed to environmental, social, and governance (ESG) initiatives.
- They focus on energy-efficient hospital design and provide free or subsidized medical services to the community.
- Future growth strategies include expanding into focus micro-markets and investing in advanced technology.
- The IPO aims to deliver value to stakeholders and strengthen the company's financial position.