Krishna Institute of Medical Sciences

“I think it's safe to assume Q4 rather than Q3, though we've seen the month of September break-even.”

“But I think, yes, this is the bottom Q2 number. I think from here, the trajectory should be upward.”

“we also acquired a lot of clinical talent for our oncology hospital, which we are going to commission the end of next year, which is a new hospital that we are building.”

“In the next two months, the building, the structure will be ready, and then we will keep doing the interiors as and when our requirements are.”

“Yes, 2029, 2030 onwards. Then there is more expansion that we want to do in Andhra, Telangana, Karnataka, Kerala, and Tamil Nadu.”

“The idea is to stabilize the operations here and then be ready for the next phase of expansion and capex outflow.”

“It is largely in the states that we are already operating, except for Chennai. Whatever expansion we see over the next four to five years is going to come from the states that we are already operating in.”

“In the next quarter, we actually thought of commissioning the remaining beds next year, but we're going to commission the beds in the next two quarters.”

“Thane also we have around 75 beds that are not operational, and Nashik we have close to 150 odd beds that are not operational.”

“Yes, they are empty. We are yet to decide what we want to do with those beds.”

“we have Rajahmundry and Ongole expansion that is going on, both of which will get commissioned in the next four to five months.”

“Karan, I think the quarter-on-quarter growth from INR623 crores, we moved to INR700 crores. A large chunk of that revenue growth has come from Kondapur and Secunderabad unit.”

“From what we moved to the old facility to the new facility, the revenue has grown by at least 70% in just three months.”

“Actually, one of the hospitals where we launched the onco, which is Vizag, actually towards the end of October, we have seen it come back to 28%, 29% kind of margins.”

“So that will take at least a year before it comes back to healthy margins.”

“Officially, we will be able to take patients from tomorrow in Nashik on GIPSA. That is a big chunk, that is usually 40%-50% of the overall insurance volume, which we got confirmation letter just last week.”

“The IP volumes 81,668 grew 27% year-on-year and 12.7% quarter-on-quarter.”

“The OP volumes, 731,010 grew 23.3% year-on-year and 11% quarter-on-quarter basis.”

“EBITDA margin stood at 20.5% versus 20.1% in quarter one FY 2027”

“There is no losses, fortunately, but the fixed cost has gone up, and as the revenue ramps up further, it will go back to the stable EBITDA margins.”

“we have launched two large onco programs in two of our hospitals, one in Vizag and one in Anantapur. Because of which there is some drag on margin, that is one part.”

“We are incurring a fixed cost of INR1.5 crores a month for the old hospital, and that includes the rental costs. That should continue for the next maybe four to five months”

“First, we become EBITDA break-even, then we get to a high single digit, then get to a mid-teens, and then the 20%+ kind of margins start coming in.”

“Cash and cash equivalents, including cash, bank balance, deposits with maturity of less than 12 months, and investment in mutual funds of INR420 crores as on 30th September 2026.”

“For the current quarter, we have provided INR7.5 crores, INR7.8 crores to be exact, towards provision for doubtful debts.”

“In fact, in the last quarter, if you recollect, already we have received some INR70+ crores from the AP government.”

“For completing these projects, already the debts were tied up. So as and when we require to spend the capital on it, we are raising that debt and we are paying the capex.”

“Yes, INR2,150 to be exact is the net debt, and net debt to EBITDA ratio will be about 1.9 odd.”

“we have allocated 25% of the total proceeds which we are receiving towards general corporate purposes.”

“We have parked it in the mutual funds or in the bank account as of now. The money is to be used for general corporate purposes, which includes loss funding, which includes small acquisitions, which includes minority acquisition, as and when we decide to do so.”

“KIMS Trust Hospital, Kakinada, 183 beds, we have acquired 51% of equity stake in Sarvottam Health Care Private Limited. That is Trust Hospital by investing INR80 crores.”

“Ushahkal Abhinav Specialty Hospital, Sangli, Maharashtra, with 316 beds. We have acquired 6% stake by investing INR15 crores.”

“The above two acquisitions i.e KIMS Kompally and KIMS Sikhara Guntur will be made over a period of time whenever our internal resources are comfortable.”

“We have entered into an O&M agreement with the Arete Hospitals in Gachibowli, Hyderabad, which has a bed capacity of 300 beds.”

“We also entered into O&M agreement with Westfort Hospital in Thrissur, Kerala. It is an established and reputed hospital with a 300-bed capacity.”

“And in fact, in the current quarter also, the fair value of the call option is enhanced by INR13.2 crores, which we have accounted below EBITDA.”

“I think in the next quarter or the next to next quarter, once the money is received, the same provision which we have done will get reversed.”

“Right now, because oncology is not a big part of our revenue stream, the impact may not be significant.”

“We are yet to get GIPSA, Star, and some other insurance companies, in spite of which both these hospitals have ramped up and broken even.”

“No, we have no idea what they are going to do, Rahul. Unless we know what it is, what kind of impact, it's difficult to anticipate that today.”

“And the fight for insurance empanelment will still continue for some more time. Maybe towards the end of the year, all the other smaller companies and some major companies and some of the hospitals should be completed.”

“Total revenue of INR1,363 crores, a growth of 41.3% on year-on-year”

“EBITDA of INR279 crores, a growth of 34% on year-on-year”

“PAT at INR76 crores in quarter two, financial year 2027, against INR37 crores and INR72 crores in quarter one FY 2027 and quarter two FY 2026, respectively.”

“In this connection, I am happy to share that KIMS and NHS University Hospitals of Liverpool have advanced an agreement for cooperation in research, clinical collaboration, education, and training.”

“The kidney transplant we offer in almost all the units except for one or two. Liver transplant, we do them in five of the hospitals.”