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Listen to this article in summarized format The newly operational Artemis Shanti Hospital in Raipur is expected to be a key growth driver for the company, though its earnings contribution is likely to be gradual. The 300-bed facility commenced operations in July. The company expects the hospital to incur an operating loss of around ₹20 crore during the ramp-up phase, with operating break-even likely in 15-18 months as utilisation levels improve. Read more: Paytm karo, back in vogue again: Can the stock reclaim IPO price after 5 years and 480% rally? Improving utilisation at the Gurugram facility also augurs well since it contributes over 95% to revenue at present. The facility's occupancy rate is expected to rise to 70-75% from 65.7% in the June quarter. The company expects this to result in the expansion of operating margin before depreciation and amortisation (Ebitda margin) to 20-21% in FY27 and 23-24% over the next few years from 20.2% in FY26. To accommodate growing demand, the company plans to add over 200 beds through Tower IV at an estimated capital expenditure (capex) of ₹120 crore. Read more: Retail investors pull Rs 5,674 crore from stocks, invest Rs 12,618 crore into IPOs in July-August The VIMHANS project in South Delhi is expected to provide another significant growth leg beyond FY28. The proposed facility will initially have 450 beds, with a further 200 beds planned subsequently. Artemis expects the hospital to become operational in FY29. Given the premium nature of the market, the project is expected to support ARPOB. InCred Equities expects revenue and EBITDA to grow annually at 23% and 28% respectively between FY26 and FY28, supported by higher bed utilisation, a premium case mix and efficiencies at its existing operations. The pace of occupancy ramp-up at Raipur, timely execution of Tower IV and continued improvement in occupancy and margins at the Gurugram facility will be key monitorables. The brokerage expects debt to peak at ₹300-350 crore in FY28 from ₹226 crore in FY26 while annual cash generation is estimated at ₹200-250 crore as against cash and cash equivalents of ₹33 crore in FY26. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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