Excerpts from Q1FY25 concall:
New hospitals take between 1 year (HYD) to 2 years (BLR, MAA). And occupancy in the newer hospitals is ~27%, way below the breakeven of 35%. This is definitely a drag on the margins which should improve in coming quarters.
And more beds coming in HYD and BLR in FY25 so expect subdued margins for FY25.
Disc: Invested
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