Max Healthcare Institute Complete Financial Statements
In FY2026, Max Healthcare Institute (MAXHEALTH) reported revenue ₹2,191 Cr, net profit ₹342 Cr and EPS ₹3.52, with a net profit margin of 15.6% and ROE of 3.2%. Full financial statements from FY2015 to FY2026 (12 years) — income statement, balance sheet and cash flow in ₹ Crores. Download as Excel or CSV. Examine Max Healthcare Institute quarterly financials for recent quarterly revenue, profit and EPS trends.
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Profitability Ratios
Balance Sheet Ratios
MAXHEALTH Revenue, Net Profit & EBITDA — Year-on-Year Growth
MAXHEALTH YoY (Mar 2025 vs Mar 2026) — revenue +12.0%, net profit +7.2%, EBITDA +17.0%, expenses +9.9%. Analyse MAXHEALTH shareholding pattern to track promoter, FII and institutional holdings.
MAXHEALTH Income Statement — Revenue, EBITDA & Net Profit
Max Healthcare Institute revenue ₹2,191 Cr, EBITDA ₹654 Cr, net profit ₹342 Cr, EPS ₹3.52 (2026) — net profit margin 15.6%. For live price, earnings ratios and company overview, see Max Healthcare Institute stock price NSE.
| Particulars | Mar 2026 | Sept 2025 | Mar 2025 | Jun 2025 | Dec 2025 | Sept 2024 | Mar 2024 | Jun 2024 | Dec 2024 | Sept 2023 | Mar 2023 | Jun 2023 | Dec 2023 | Sept 2022 | Mar 2022 | Jun 2022 | Dec 2022 | Sept 2021 | Mar 2021 | Jun 2021 | Dec 2021 | Sept 2020 | Mar 2020 | Jun 2020 | Dec 2020 | Sept 2019 | Jun 2019 | Dec 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,191 | 2,168 | 1,957 | 2,064 | 2,113 | 1,748 | 1,468 | 1,578 | 1,902 | 1,409 | 1,255 | 1,326 | 1,381 | 1,163 | 964 | 1,098 | 1,186 | 1,050 | 831 | 1,026 | 1,023 | 691 | 275 | 276 | 835 | 285 | 270 | 278 |
| Expenses | 1,537 | 1,560 | 1,398 | 1,505 | 1,577 | 1,257 | 1,041 | 1,156 | 1,443 | 976 | 874 | 948 | 949 | 818 | 729 | 802 | 828 | 787 | 634 | 756 | 729 | 564 | 228 | 514 | 636 | 253 | 239 | 245 |
| EBITDA | 654 | 608 | 559 | 559 | 536 | 491 | 427 | 422 | 459 | 433 | 381 | 379 | 432 | 345 | 235 | 296 | 359 | 262 | 197 | 270 | 293 | 127 | 47 | -239 | 200 | 31 | 31 | 32 |
| Operating Profit Margin % | 28.00% | 27.00% | 27.00% | 26.00% | 24.00% | 26.00% | 27.00% | 25.00% | 23.00% | 28.00% | 28.00% | 26.00% | 29.00% | 28.00% | 22.00% | 25.00% | 28.00% | 23.00% | 21.00% | 24.00% | 25.00% | 13.00% | 8.00% | -101.00% | 20.00% | 10.00% | 9.00% | 8.00% |
| Depreciation | 123 | 108 | 101 | 104 | 111 | 84 | 70 | 77 | 98 | 58 | 60 | 56 | 61 | 58 | 58 | 57 | 57 | 54 | 48 | 54 | 55 | 52 | 12 | 26 | 48 | 11 | 12 | 11 |
| Interest | 67 | 54 | 55 | 55 | 60 | 34 | 21 | 24 | 52 | 9 | 20 | 19 | 11 | 22 | 22 | 22 | 20 | 27 | 45 | 27 | 25 | 53 | 25 | 35 | 46 | 21 | 10 | 27 |
| Profit Before Tax | 465 | 446 | 403 | 400 | 365 | 374 | 336 | 321 | 309 | 366 | 301 | 304 | 360 | 265 | 154 | 216 | 281 | 182 | 105 | 190 | 213 | 22 | 10 | -300 | 105 | 0 | 9 | -6 |
| Tax | 122 | -45 | 84 | 93 | 64 | 92 | 84 | 85 | 70 | 90 | 50 | 63 | 70 | -192 | 31 | 44 | 59 | 37 | 35 | 43 | 23 | 6 | -43 | 14 | 15 | 1 | 0 | -4 |
| Net Profit | 342 | 491 | 319 | 308 | 301 | 282 | 252 | 236 | 239 | 277 | 251 | 240 | 289 | 457 | 124 | 173 | 222 | 145 | 70 | 147 | 190 | 17 | 53 | -314 | 90 | -1 | 9 | -2 |
| Earnings Per Share (₹) | 3.52 | 5.05 | 3.28 | 3.17 | 3.10 | 2.90 | 2.59 | 2.43 | 2.46 | 2.85 | 2.58 | 2.47 | 2.98 | 4.72 | 1.28 | 1.78 | 2.29 | 1.50 | 0.76 | 1.52 | 1.96 | 0.18 | 0.91 | -4.34 | 1.00 | -0.03 | 0.17 | -0.03 |
MAXHEALTH Balance Sheet — Assets, Liabilities & Shareholders' Equity
MAXHEALTH total assets ₹17,231 Cr, total equity ₹10,747 Cr, total liabilities ₹ Cr (2026) — ROE 3.2%.
| Particulars | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| Total Assets | 17,231 | 15,215 | 12,000 | 10,102 | 9,189 | 8,544 | 3,974 | 3,366 | 3,314 | 3,160 | 2,217 | 1,453 |
| Current Assets | 1,945 | 1,593 | 1,706 | 1,943 | 1,000 | 1,125 | 2,915 | 447 | 454 | 349 | 289 | 383 |
| Fixed Assets | 12,991 | 11,502 | 8,784 | 7,039 | 7,018 | 6,536 | 851 | 2,192 | 2,227 | 2,244 | 1,478 | 740 |
| Capital Work in Progress | 593 | 901 | 553 | 252 | 151 | 27 | 28 | 87 | 38 | 46 | 12 | 18 |
| Investments | 6 | 3 | 2 | 1 | 1 | 1 | 2,182 | 1 | 0 | 0 | 0 | 143 |
| Other Assets | 3,641 | 2,809 | 2,661 | 2,810 | 2,020 | 1,981 | 913 | 1,086 | 1,049 | 870 | 728 | 552 |
| LIABILITIES | ||||||||||||
| Total Liabilities | ||||||||||||
| Current Liabilities | 4,297 | 4,027 | 2,343 | 1,647 | 2,149 | 2,129 | 411 | 1,262 | 1,806 | 1,660 | 672 | 339 |
| Non-Current Liabilities | ||||||||||||
| SHAREHOLDERS' EQUITY | ||||||||||||
| Total Equity | 10,747 | 9,381 | 8,408 | 7,410 | 6,283 | 5,639 | 2,553 | 963 | 1,031 | 1,119 | 1,127 | 832 |
| Share Capital | 973 | 972 | 972 | 971 | 970 | 966 | 537 | 537 | 537 | 537 | 533 | 489 |
| Reserves & Surplus | 9,772 | 8,409 | 7,436 | 6,439 | 5,313 | 4,673 | 2,016 | 426 | 627 | 655 | 587 | 343 |
MAXHEALTH Cash Flow Statement — Operating, Investing & Financing
Max Healthcare Institute operating cash flow ₹1,633 Cr, investing ₹-1,688 Cr, financing ₹59 Cr, net cash flow ₹4 Cr (2026).
| Particulars | March 2026 | March 2025 | March 2024 | March 2023 | March 2022 | March 2021 | March 2020 | March 2019 | March 2018 | March 2017 | March 2016 | March 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | 1,633 | 1,438 | 1,122 | 1,209 | 741 | 118 | 77 | 89 | 166 | 156 | 53 | 64 |
| Investing Activities | -1,688 | -1,593 | -1,253 | -1,187 | -764 | 206 | -2,641 | -17 | -124 | -104 | -364 | -194 |
| Financing Activities | 59 | -163 | -264 | -289 | -294 | 191 | 2,353 | -74 | -48 | -48 | 271 | 145 |
| Net Cash Flow | 4 | -318 | -395 | -266 | -318 | 516 | -211 | -2 | -6 | 4 | -40 | 16 |