4 hrs ago
Manipal Health Uses IPO Proceeds to Clear Debt, Expand
Manipal Health used money from its IPO to repay ₹5,310 crore of debt.
The payment included the main debt amount, interest and some repayment charges.
The company says having less debt will reduce its interest expenses.
It also says this will leave more money available for building hospitals and buying technology.
Manipal Hospitals operates 50 multispecialty hospitals with more than 13,000 beds.
In the latest quarter, the company’s revenue and operating profit grew.
However, its final profit was lower than in the same quarter last year.
Its shares closed at ₹736.55, up 2.08%.
Manipal Health Enterprises repaid ₹5,310 crore of debt using IPO proceeds.
The repayment covered outstanding NCD principal, accrued interest and applicable early-redemption costs.
The company said lower debt and interest costs will support expansion, technology and talent investments.
In Q1 FY27, revenue rose 38.1% to ₹3,091 crore and EBITDA increased 25.6% to ₹736.5 crore.
Quarterly net profit fell 7.7% to ₹231 crore, while the EBITDA margin declined to 23.8%.
- Who
- Manipal Health Enterprises, which operates the Manipal Hospitals network.
- What
- The company used IPO proceeds to repay ₹5,310 crore of debt, including NCD principal, accrued interest and applicable redemption costs.
- Where
- The repayment concerns Manipal Health Enterprises and its hospital network operating across 14 states and union territories.
- When
- The repayment was carried out under the plan described in the IPO prospectus dated July 31, 2026; Q1 FY27 performance was also reported.
- Why
- The company said the repayment will reduce debt and interest costs and create flexibility for expansion, technology, talent and other investments.
Key facts
- Debt repaid
- ₹5,310 crore
- Repayment funding
- IPO proceeds
- Q1 FY27 revenue
- ₹3,091 crore, up 38.1% year on year
- Q1 FY27 net profit
- ₹231 crore, down 7.7% year on year
- Q1 FY27 EBITDA
- ₹736.5 crore, up 25.6% year on year
- Hospital network
- 50 multispecialty hospitals and more than 13,000 licensed beds
- Share closing price
- ₹736.55, up 2.08% on the National Stock Exchange
Quotes
Sameer Agarwal
Chief Financial Officer of Manipal Health Enterprises
“By deploying the IPO proceeds towards debt repayment as planned, we are strengthening our balance sheet, reducing our interest burden and creating greater financial headroom to support our growth plans.”
businesstoday.in
“This gives us greater flexibility to continue investing in capacity, technology and talent while remaining focused on delivering quality and affordable healthcare.”
businesstoday.in
Sources
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