Medanta Gurugram filing details six more theatres at Sector 38

GURUGRAM: Medanta's operator Global Health Limited published an earnings call transcript on Tuesday, November 10, 2026, setting out plans for six additional operating theatres and two catheterisation laboratories at its Gurugram hospital over the next couple of quarters. The filing also records two operating theatres and one catheterisation laboratory added during the July to September quarter.

The hospital is on CH Baktawar Singh Road in Sector 38. The newly published document gives residents a more detailed account of the proposed procedural capacity than a group revenue figure alone. It reproduces management's November 4 call, so the November 10 development is publication of that transcript, rather than a claim that the facilities opened that day.

The disclosure is dated November 10 and signed by company secretary and compliance officer Rahul Ranjan. It states that the enclosed transcript covers the November 4 earnings call for the quarter and half year ended September 30, 2026.

What is planned at Sector 38

Group chief executive officer Pankaj Sahni described the Gurugram additions while discussing capacity across the hospital network. His timetable for the six further operating theatres and two further catheterisation laboratories was the next couple of quarters. The transcript gives no single commissioning day or patient booking date for those additions.

The company's November 10 transcript filing distinguishes those planned facilities from the two operating theatres and one laboratory already added during the reported quarter. Readers should retain that separation when assessing the expansion. The document reports a completed quarterly addition and a further programme still ahead.

In a later answer, Sahni described the scale of the Gurugram hospital as about 1,500 beds, with 42 operating rooms and seven to eight catheterisation laboratories. He used those figures to explain the volume of procedural work at the hospital and why occupancy alone gives an incomplete account of its activity.

Chief financial officer Yogesh Kumar Gupta separately said Gurugram had continued to increase procedural and patient volumes despite no bed additions for several years. He attributed that to efficiency, additional doctors and increased treatment capacity. The company's explanation therefore centres on the resources used to treat patients as well as the number of inpatient beds.

• Local facility: Medanta hospital, Sector 38, Gurugram.
• Reported quarterly additions: two operating theatres and one catheterisation laboratory.
• Further plan: six operating theatres and two catheterisation laboratories.
• Management's timeframe: the next couple of quarters from its November 4 call.
• Transcript filing date: November 10, 2026.

Group figures have a wider scope

Medanta places Gurugram, Indore and Ranchi in its first hospital cluster. For that combined cluster, management reported quarterly revenue from operations of Rs 822.9 crore, an 18% increase from the corresponding quarter a year earlier. Operating earnings before interest, tax, depreciation and amortisation were Rs 181 crore, up 29%, with a 22% operating margin.

The same cluster recorded a 15% increase in inpatient volumes. Occupancy rose to 66% from 61%, while the average length of stay declined to 2.80 days from 2.98 days. These are combined cluster measures. The transcript does not break them down into separate Gurugram hospital results.

For the entire company, quarterly revenue from operations was Rs 1,469 crore and profit after tax was Rs 219.1 crore. Network occupancy was reported at 67%, compared with 64% a year earlier. Management said the network added 74 beds during the quarter, comprising 49 in Noida and 25 in Lucknow. Those additions were outside Gurugram.

The transcript also explains a reporting change. Revenue from operations excludes other income, principally interest income. Operating earnings exclude other income and include employee share option expenses. The company said the comparative figures in its presentation and release had been put on a consistent basis, helping readers compare the same measures across periods.

Corporate costs and patient access

Sahni said all corporate costs and overheads were charged to the Gurugram unit and consequently appeared in the first cluster. The second cluster, comprising Lucknow, Patna and Noida, carried no allocation of those corporate costs. That accounting arrangement is relevant when comparing the two clusters' operating margins.

On access, management said the Gurugram hospital continued to serve patients covered by Ayushman Bharat, the Central Government Health Scheme and the Ex Servicemen Contributory Health Scheme. These comments describe the company's existing approach. They provide no new entitlement, tariff or approval procedure for an individual patient in the November 10 filing.

The official Gurugram hospital page confirms the Sector 38 location, while the financial information page carries the transcript. Separate local healthcare developments include the Sector 102 hospital subsidy arrangements, the Sector 38 behavioural assessment clinic report and the recent rehabilitation care appointment. Each concerns a separate institution or service; the operating theatre programme described here is Medanta's own disclosed plan.