Max Healthcare Institute Ltd. Q3 FY2026 results: revenue ₹2,068 crore, up 10.7% on the year
Max Healthcare Institute Ltd. (MAXHEALTH) reported consolidated revenue from operations of ₹2,068 crore for Q3 FY2026, the quarter ended 31 December 2025, up 10.7% on the same quarter a year earlier. Profit after tax was ₹301 crore, up 26.0% on the year, and earnings per share ₹3.10. The figures are the company's own, from the un-audited results it filed with NSE on 5 February 2026.
The quarter, against the one before and a year earlier
| Line | Q3 FY2026 | Q2 FY2026 | Q3 FY2025 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 2,068 | 2,135 | 1,868 | +10.7% |
| Other income | 45 | 33 | 33 | +36.3% |
| Total income | 2,113 | 2,168 | 1,902 | +11.1% |
| Cost of materials consumed | 0 | 0 | 0 | n/a |
| Purchases of stock-in-trade | 446 | 465 | 397 | +12.5% |
| Changes in inventories | -6 | 0 | -5 | n/a |
| Employee benefit expense | 340 | 338 | 305 | +11.8% |
| Finance costs | 60 | 54 | 52 | +13.9% |
| Depreciation, depletion and amortisation | 111 | 108 | 98 | +14.1% |
| Other expenses | 306 | 304 | 673 | -54.5% |
| Total expenses | 1,700 | 1,722 | 1,519 | +11.9% |
| Profit before exceptional items and tax | 413 | 446 | 382 | +7.9% |
| Exceptional items | -48 | 0 | -74 | n/a |
| Profit before tax | 365 | 446 | 309 | +18.0% |
| Current tax | 46 | 10 | 91 | -49.4% |
| Deferred tax | 18 | -56 | -21 | n/a |
| Total tax | 64 | -45 | 70 | -9.2% |
| Profit after tax | 301 | 491 | 239 | +26.0% |
| Attributable to owners of the parent | 301 | 491 | 239 | +26.0% |
| Other comprehensive income | 0 | 0 | 0 | n/a |
| Total comprehensive income | 301 | 491 | 238 | +26.2% |
| EPS, basic | ₹3.10 | ₹5.05 | ₹2.46 | +26.0% |
| EPS, diluted | ₹3.09 | ₹5.02 | ₹2.44 | +26.6% |
₹ crore except per share.
Quarterly results, the last 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,363 | 1,335 | 1,423 | 1,543 | 1,707 | 1,868 | 1,910 | 2,028 | 2,135 | 2,068 | 2,143 | 2,366 |
| Expenses | 1,042 | 1,021 | 1,132 | 1,256 | 1,375 | 1,519 | 1,554 | 1,664 | 1,722 | 1,700 | 1,726 | 1,970 |
| Operating profit | 387 | 386 | 382 | 387 | 451 | 499 | 512 | 523 | 575 | 538 | 606 | 598 |
| OPM % | 28% | 29% | 27% | 25% | 26% | 27% | 27% | 26% | 27% | 26% | 28% | 25% |
| Other income | 45 | 46 | 45 | 35 | 41 | 33 | 47 | 37 | 33 | 45 | 48 | 41 |
| Interest | 9 | 11 | 21 | 24 | 34 | 52 | 55 | 55 | 54 | 60 | 67 | 71 |
| Depreciation | 58 | 61 | 70 | 77 | 84 | 98 | 101 | 104 | 108 | 111 | 123 | 132 |
| Exceptional items | 0 | 0 | 0 | 0 | 0 | -74 | 0 | 0 | 0 | -48 | 0 | 0 |
| Profit before tax | 366 | 360 | 336 | 321 | 374 | 309 | 402 | 400 | 446 | 365 | 465 | 436 |
| Tax % | 24% | 20% | 25% | 26% | 25% | 23% | 21% | 23% | -10% | 17% | 26% | 26% |
| Net profit | 277 | 289 | 252 | 236 | 282 | 239 | 319 | 308 | 491 | 301 | 342 | 323 |
| EPS in ₹ | ₹2.85 | ₹2.98 | ₹2.59 | ₹2.43 | ₹2.90 | ₹2.46 | ₹3.28 | ₹3.17 | ₹5.05 | ₹3.10 | ₹3.52 | ₹3.32 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Un-audited consolidated results for the quarter ended 31 December 2025, filed with NSE on 5 February 2026: the result statement. All of Max Healthcare Institute Ltd.'s results: NSE company page.
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