Mumbai: Apollo Hospitals, the largest pan-India hospital chain by revenue, is on track to list Apollo HealthCo by the fourth quarter of next financial year, an outcome of a multi-layered restructuring plan, said its group chief financial officer Krishnan Akhileswaran.
“We are well on the path to allow Apollo HealthCo to list on its own by Q4 of FY27,” he told ET.
During the second quarter of this fiscal, Apollo Hospitals received the Competition Commission of India’s approval for restructuring its group entities — Apollo HealthCo, Keimed and Apollo Healthtech — to unlock shareholder value and drive synergies.
The chain plans to add about 3,650 operating beds in the next five years at a total investment of Rs 8,300 crore, said Akhileswaran.
Apollo Hospitals, which currently has about 10,000 operating beds, plans to add about 1,600 beds by the end of next fiscal.
“There is a significant new set of hospitals coming up in tier-1 cities and metros in the next 18 months,” said Akhileswaran.
The planned capacity expansion, which will include a combination of greenfield and brownfield projects across Pune, Delhi, Kolkata, Gurgaon, Hyderabad and Bengaluru, will be funded entirely through internal accruals.
“Of the total planned investment of Rs 8,300 crore, we have already incurred some of it and the balance investment is Rs 5,800 crore,” said Akhileswaran.
On Thursday, the company reported consolidated revenue of Rs 6,304 crore for the September quarter, up 13% year-on-year, while earnings before interest, taxes, depreciation and amortisation increased 15% to Rs 941 crore. Net profit for the second quarter was up 26% to Rs 477 crore, driven by growth across healthcare, diagnostics and digital businesses.
For the first half of 2025-26, Apollo Hospitals’ consolidated revenue increased 14% year-on-year to Rs 12,146 crore and net profit surged 33% to Rs 910 crore.
Healthcare services remained the largest contributor, delivering 9% year-on-year growth to Rs 3,169 crore, while the retail healthcare and diagnostics arm, Apollo Health and Lifestyle Ltd, saw a 17% increase to Rs 474 crore. The digital and pharmacy business under Apollo HealthCo posted 17% growth to Rs 2,661 crore. On the operational side, the chain’s hospitals achieved occupancy of 69%.
