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Yatharth Hospitals — Q1 FY26: growth intact, noise near-term

07 Aug 2025·YATHARTH·Accumulate·Healthcare

The print

Tier-2/3 hospital expansion plays out over a multi-year horizon. Q1 confirms operating discipline even as greenfield ramp-up compresses near-term margins.

What matters

  • Occupancy building on schedule at the new units
  • ARPOB trending up without payor-mix deterioration
  • The bed-addition pipeline remains funded and on calendar

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Front Wave Research LLP · SEBI Registered Research Analyst · INH000018407. This note is research, not investment advice. Investments in securities markets are subject to market risks. Read all related documents carefully before investing.

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