Earnings calls of companies listed in India ·
Indian earnings calls, Oct–Nov 2026: Max Healthcare says revenue grew 20%
Max Healthcare said its revenue grew 20% year on year in the second quarter of fiscal year 2027. SBI Life reaffirmed guidance for 14% to 15% growth in individual rated premium for fiscal year 2027.
An update from FactIQ, written from company statements in earnings calls of companies listed in India. What is FactIQ?
Key figures
- Max Healthcare, revenue growth, second quarter of fiscal year 2027, year on year
- 20%said by an executive; operating earnings before interest, taxes, depreciation and amortisation grew 18% and profit after tax grew 10%
- SBI Life, individual rated premium growth guidance, fiscal year 2027
- 14% to 15%reaffirmed by an executive; growth was around 12% in the first half of fiscal year 2027
- Bajaj Finserv, rolling 12-month margin
- 20.8%stated by the chief financial officer as a reasonable baseline from here on
- Max Healthcare, network occupancy, second quarter of fiscal year 2027
- 77%said by an executive; held despite a 14% year-on-year increase in operational bed capacity
Max Healthcare said revenue and profit grew in the second quarter of fiscal year 2027
An executive of Max Healthcare Institute gave these figures for the second quarter of fiscal year 2027 (FY2027Q2):
- Revenue grew 20% year on year.
- Operating EBITDA (earnings before interest, taxes, depreciation and amortisation) grew 18%.
- PAT (profit after tax) grew 10%.
- Network gross revenue was INR (Indian rupees) 3,219 crore, up 20% year on year and 8% quarter on quarter. A crore is an Indian unit for large sums.
- Network occupancy held at 77% despite a 14% year-on-year increase in operational bed capacity.
- International patient revenue was INR 307 crore, up 33% year on year. The executive said this was 10% of healthcare revenue from hospitals.
SBI Life kept its growth guidance and plans to adopt new accounting standards
An executive of SBI Life Insurance said individual rated premium (IRP), a measure of new policy sales, grew around 12% in the first half of fiscal year 2027. The executive said this was at the same level as industry growth. The company reaffirmed its FY2027 IRP growth guidance of 14% to 15%. SBI Life said it plans to adopt IFRS (International Financial Reporting Standards) by June 30, 2027. It also said it plans to continue repricing its products in the third and fourth quarters of fiscal year 2027.
Bajaj Finserv said a recent margin expansion would not continue
The chief executive of Bajaj Finserv said that after 4.6% margin expansion in FY2027Q2, this level of expansion would not sustain. The chief executive lowered expectations for further expansion. The chief financial officer said the rolling 12-month margin is 20.8% and called it a reasonable baseline from here on. The chief financial officer also said:
- The reinsurance venture is expected to need about INR 500 crores over the next 2 to 3 years.
- Bajaj Markets remained on track to reach its planned break-even target in the fourth quarter of fiscal year 2027.
- The health loss ratio is expected to come down as the 2+1 tender business runs its course.
Source: Earnings calls of companies listed in India.