Jupiter Life Line Hospitals Limited (JLHL)
₹247.05 +3.09% last close, 16 Oct
Q2 FY27 results
📅 Next results: 23 Oct 2026 (board meeting)Jupiter Life Line Hospitals Limited's board meets on 23 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Jupiter Life's revenue was ₹411 Cr (+18.2% year on year, +6.0% on the previous quarter), and net profit ₹37.5 Cr (-14.5% year on year); the operating margin was 19.3%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹411 | +18.2% | +6.0% |
| Operating profit | ₹79.3 | +1.5% | -11.1% |
| Net profit | ₹37.5 | -14.5% | -25.4% |
| EPS (₹) | 5.72 | -14.5% | -25.3% |
| Operating margin | 19.3% | — | — |
JLHL delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 46.48% of the JLHL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 54.1%. That is close to its usual level.
Delivery in the last 5 sessions: 52.7% · 50.3% · 47.6% · 62.5% · 46.5%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Jupiter Life Line Hospitals Limited has informed the exchanges that company officials will participate in an in-person Investor Conference organized by PL Capital. The meeting is scheduled for September 28, 2026, between 1:00 pm and 5:00 pm. The company confirmed that only publicly available information will be discussed and no unpublished price sensitive information (UPSI) will be shared.
- Investor conference scheduled for September 28, 2026
- Meeting duration from 1:00 pm to 5:00 pm
- Organized by PL Capital via in-person mode
- No unpublished price sensitive information (UPSI) to be discussed
Jupiter Life Line Hospitals (JLHL) reported a total income of Rs 411 Cr for Q1 FY27, with an EBITDA of Rs 79.3 Cr and a margin of 19.3%. The performance was impacted by the first full quarter of operations at the Dombivli hospital, which resulted in a planned EBITDA drag of Rs 9.5 Cr. Management maintains a target of reaching 2,500 beds by FY2027, supported by a balanced capital structure with approximately Rs 500 Cr in both debt and cash. The company reported an ARPOB of Rs 73,500 and an occupancy of 59.6% for the quarter.
- Total income for Q1 FY27 stood at Rs 411 Cr, representing approximately 27% of the TTM revenue of Rs 1,494 Cr.
- Dombivli hospital reported an EBITDA loss of Rs 9.5 Cr in its first full operational quarter, with fixed costs at Rs 6-7 Cr per month.
- Average Revenue Per Occupied Bed (ARPOB) reached Rs 73,500, driven by a 10% growth attributed to case mix and pricing.
- Overall occupancy stood at 59.6%, diluted by the addition of new beds at the Dombivli facility.
- Management reiterated a capacity expansion target to 2,500 beds by FY2027 from the current 1,061 beds.
Jupiter Life Line Hospitals (JLHL) has released the audio recording of its Q1 FY27 analyst call held on August 3, 2026. The company, which currently operates 1,061 beds, is focused on its strategy to reach 2,500 beds through greenfield expansions in Dombivli, Pune, and Mira Road. With a TTM revenue of ₹1,494 Cr and an OPM of 22.9%, the management discussion likely centered on the execution of these projects and ARPOB trends. The stock currently trades at a P/E of 10.8, which is notably lower than many hospital peers despite an 18-20% expected growth rate.
- Audio recording released for the Q1 FY27 conference call held on August 3, 2026
- Company is executing a plan to double bed capacity from 1,061 to 2,500 by FY2027
- TTM Revenue stands at ₹1,494 Cr with a healthy ROCE of 16.0%
- Operating Profit Margin (OPM) maintained at 22.9% as per TTM figures
Jupiter Life Line Hospitals Limited (JLHL) has updated its list of Key Managerial Personnel (KMP) authorized to determine the materiality of events or information under SEBI Regulation 30(5). Effective July 31, 2026, CFO Mr. Harshad Purani has been authorized in addition to MD & CEO Dr. Ankit Thakker. Ms. Suma Upparatti, Company Secretary, remains the authorized person for making disclosures to the stock exchanges. This is a standard administrative update to ensure regulatory compliance and does not impact the company's financial performance or its ongoing expansion plans.
- Board of Directors authorized CFO Harshad Purani for materiality determination on July 31, 2026
- MD & CEO Dr. Ankit Thakker remains an authorized personnel for determining materiality
- Company Secretary Suma Upparatti is the designated officer for making disclosures to Stock Exchanges
- The company maintains its operational focus on expanding from 1,061 beds to 2,500 beds by FY2027
Jupiter Life Line Hospitals (JLHL) reported a 16.2% YoY revenue growth to ₹392.6 Cr for Q1 FY27, supported by a 9.2% increase in ARPOB to ₹73,500. However, PAT declined 14.7% YoY to ₹37.5 Cr, primarily due to a ₹9.5 Cr EBITDA loss at the newly commissioned Dombivli facility and higher depreciation/finance costs. The company is aggressively pursuing a capacity expansion from 1,700 to 2,900 beds across Pune, Mira Road, and BKC. With ₹537.7 Cr in cash and investments, the company remains well-funded for its greenfield projects.
- Revenue from operations increased 16.2% YoY to ₹392.6 Cr for the quarter ended June 30, 2026.
- ARPOB (Average Revenue Per Occupied Bed) grew to ₹73,500 from ₹67,300 in the previous year.
- Dombivli hospital completed its first full quarter with an EBITDA loss of ₹9.5 Cr, in line with management guidance.
- Planned bed capacity expansion to 2,900 beds at an average cost of ~₹1.5 Cr per bed (excluding land).
- Consolidated EBITDA margin compressed to 19.3% from 22.2% YoY due to initial ramp-up costs and marketing expenses.
Jupiter Life Line Hospitals (JLHL) has announced its entry into pharmaceutical manufacturing by acquiring 100% of Sulcus Private Limited for ₹3.78 crore through its subsidiary, JHPPL. The company plans to invest ₹35-40 crore over the next 1-2 years to set up an IV fluids and infusions manufacturing facility near Ujjain. This related-party acquisition aims to improve margins for its pharmacy business as the hospital network expands. Concurrently, the board approved Q1 FY27 results with a standalone net profit of ₹37.19 crore and appointed Harshad Purani as the new CFO.
- Acquisition of 100% equity in Sulcus Private Limited for a cash consideration of ₹3.78 crore.
- Planned investment of ₹35-40 crore for a blow-fill-seal IV fluid filling machine over 1-2 years.
- Standalone Revenue from Operations for Q1 FY27 reported at ₹328.49 crore.
- Standalone Net Profit for the quarter ended June 30, 2026, stood at ₹37.19 crore.
- Appointment of Mr. Harshad Purani as CFO and Key Managerial Personnel effective July 31, 2026.
Jupiter Life Line Hospitals (JLHL) reported a standalone net profit of ₹37.19 cr for Q1 FY27, an 18% YoY growth from ₹31.54 cr. The company announced the acquisition of Sulcus Private Limited for ₹3.78 cr from its promoters to set up an IV fluids and pharmaceutical manufacturing facility. This strategic backward integration involves a planned investment of ₹35-40 cr over 1-2 years to improve margins for its retail pharmacy subsidiary, JHPPL. Additionally, the company appointed internal veteran Harshad Purani as the new Chief Financial Officer.
- Standalone revenue for Q1 FY27 increased to ₹328.48 cr, up from ₹290.42 cr in Q1 FY26.
- Acquired 100% of Sulcus Private Limited for ₹3.78 cr in a related-party transaction from the promoter group.
- Planned capex of ₹35-40 cr for a new IV fluid manufacturing line near Ujjain, Madhya Pradesh.
- Standalone net profit grew 18% YoY to ₹37.19 cr, with an EPS of ₹5.67 for the quarter.
- Appointment of Harshad Purani as CFO, who has been with the company since September 2007.
Jupiter Life Line Hospitals (JLHL) reported a 12.7% YoY increase in Q1 FY27 revenue to ₹328.5 cr, but net profit declined 14% YoY to ₹37.2 cr due to a sharp rise in operating expenses. The company announced the acquisition of Sulcus Private Limited for ₹3.78 cr from its promoters to set up an IV fluid manufacturing facility, marking a move into backward integration. This new venture will require an additional investment of ₹35-40 cr over the next 1-2 years. Additionally, the board appointed Harshad Purani as the new CFO, effective July 31, 2026.
- Revenue from operations grew 12.7% YoY to ₹328.49 cr in Q1 FY27.
- Net profit for the quarter stood at ₹37.19 cr, down from ₹43.29 cr in the same period last year.
- Acquired 100% of Sulcus Private Limited for ₹3.78 cr in a related-party transaction with promoters.
- Planned investment of ₹35-40 cr for an IV fluid manufacturing line near Ujjain, Madhya Pradesh.
- Total expenses increased to ₹286.50 cr in Q1 FY27 compared to ₹230.07 cr in Q1 FY26.
Jupiter Life Line Hospitals Limited (JLHL) has scheduled its earnings conference call for Q1 FY27 on Monday, August 3, 2026, at 10:00 AM IST. The call will be led by Managing Director and CEO Dr. Ankit Thakker to discuss the company's financial and operational performance. This follows a trailing twelve-month (TTM) revenue of ‡1,494 Cr and a PAT of ‡194 Cr. Investors will likely seek updates on the company's ambitious plan to expand bed capacity from 1,061 to 2,500 beds by FY2027.
- Earnings conference call scheduled for August 3, 2026, at 10:00 AM IST
- Management representation includes MD and CEO Dr. Ankit Thakker and the senior management team
- Discussion will cover operational and financial performance for the quarter ended June 30, 2026 (Q1 FY27)
- Company currently operates 1,061 beds with a target to reach 2,500 beds through greenfield projects
- TTM revenue stands at ‡1,494 Cr with an operating profit margin of 22.9%
Jupiter Life Line Hospitals (JLHL) shareholders approved all nine resolutions at the 24th AGM held on July 17, 2026. Key approvals include a sub-division (stock split) of equity shares and a material related party transaction with Jupiter Hospital Projects Private Limited. The related party transaction was passed with 100% of the 2.80 crore votes polled in favor (excluding promoters). Additionally, Dr. Ajay Thakker was re-designated as Chairman and Whole Time Director effective July 17, 2026.
- Approval of equity share sub-division (stock split) to enhance market liquidity.
- Material Related Party Transaction approved with 2,80,75,215 votes in favor (100% of valid votes polled for this item).
- Total of 32,977 shareholders were on record as of the July 10, 2026 cut-off date.
- Dr. Ajay Thakker appointed as Chairman & Whole Time Director with effect from July 17, 2026.
- Adoption of FY26 financial statements passed with 85.94% of total shares polled.
Jupiter Life Line Hospitals (JLHL) has finalized July 24, 2026, as the record date for its equity share sub-division. Each existing share with a face value of ₹10 will be split into 5 shares with a face value of ₹2 each. This corporate action was approved by shareholders at the Annual General Meeting held on July 17, 2026. The split is a procedural move to increase the number of outstanding shares and potentially improve liquidity for retail investors.
- Stock split ratio of 1:5, subdividing ₹10 face value shares into ₹2 face value shares
- Record date for determining eligibility fixed as Friday, July 24, 2026
- Shareholder approval obtained at the AGM on July 17, 2026
- Current market price of ₹1554.0 will be adjusted proportionally on the ex-split date
Jupiter Life Line Hospitals (JLHL) concluded its 24th AGM on July 17, 2026, where shareholders approved a sub-division (split) of equity shares. The meeting also ratified the appointment of Dr. Ajay Thakker as Chairman & Whole Time Director and approved a material Related Party Transaction (RPT) with Jupiter Hospital Projects Private Limited. These approvals come as the company maintains its TTM revenue of Rs 1,494 Cr and continues its strategy to expand bed capacity from 1,061 to 2,500. The formal adoption of FY26 financial statements confirms a TTM PAT of Rs 194 Cr.
- Shareholders approved the sub-division/split of equity shares to improve market liquidity (ratio not disclosed).
- Approval granted for a material Related Party Transaction with Jupiter Hospital Projects Private Limited.
- Dr. Ajay Thakker appointed as Chairman & Whole Time Director effective July 17, 2026.
- Formal adoption of FY26 Audited Financial Statements with TTM Revenue of Rs 1,494 Cr.
- Company reaffirmed its 'all-hub-no-spoke' strategy to reach 2,500 beds by FY2027.
Jupiter Life Line Hospitals Limited (JLHL) has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent, KFin Technologies Limited, confirmed that all securities of the company are held in dematerialized form as of June 30, 2026. No requests for rematerialization were received during the quarter. This filing is a routine administrative requirement to ensure the integrity of the company's shareholding records.
- Compliance certificate issued for the quarter ended June 30, 2026
- 100% of the company's holdings are confirmed to be in Demat form
- Zero rematerialization requests were received during the three-month period
- Confirmation provided by Registrar and Share Transfer Agent, KFin Technologies Limited
Jupiter Life Line Hospitals Limited (JLHL) has announced its 24th Annual General Meeting (AGM) for July 17, 2026. The company has dispatched letters to shareholders whose email addresses are not registered, providing web links to the FY 2025-26 Annual Report and AGM Notice. This is a standard regulatory procedure following the conclusion of the financial year. Investors should utilize the Annual Report to track the progress of the company's ambitious plan to expand bed capacity from 1,061 to 2,500 by FY2027.
- 24th Annual General Meeting scheduled for July 17, 2026, at 11:00 AM IST via Video Conferencing.
- Annual Report for the Financial Year 2025-26 and AGM Notice have been uploaded to the company website.
- Email registration status for dispatch purposes was determined as of June 19, 2026.
- Company is maintaining its focus on doubling bed capacity to 2,500 through greenfield facilities.
Jupiter Life Line Hospitals Limited (JLHL) has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI Insider Trading regulations. The closure is ahead of the declaration of the Unaudited Financial Results for the quarter ending June 30, 2026. The restriction applies to all Designated Persons and their immediate relatives and will remain in effect until 48 hours after the results are made public. NSDL has been designated to enforce this by freezing PANs at the security level for ISIN INE682M01012.
- Trading window closure effective from Wednesday, July 1, 2026.
- Closure pertains to the Unaudited Financial Results for the quarter ending June 30, 2026.
- Restriction ends 48 hours after the financial results are declared to the Stock Exchanges.
- NSDL will restrict trading by freezing PANs for ISIN INE682M01012 as per SEBI circulars.
- Applies to all Designated Persons and their immediate relatives.
Financial Performance
Revenue Growth by Segment
Total revenue grew 18.0% in FY2025 to INR 1,261.5 Cr, following a 19.8% growth in FY2024 to INR 1,069.5 Cr. H1 FY2025 saw 14.0% growth driven by the ramp-up of Pune and Indore hospitals.
Geographic Revenue Split
84% of revenue was derived from hospitals in Thane and Pune (Maharashtra) in H1 FY2025, indicating high regional concentration.
Profitability Margins
Operating Profit Margin (OPM) improved to 23.5% in FY2025 from 22.3% in FY2024. PAT margin was 15.3% in FY2025 compared to 16.5% in FY2024.
EBITDA Margin
OPBDIT/OI was 23.5% in FY2025, a 120 bps improvement from 22.3% in FY2024, driven by higher occupancy rates and healthy ARPOB growth.
Capital Expenditure
Planned capital outlay of INR 1,100-1,200 Cr over FY2025-FY2027. Specifically, INR 130-150 Cr in FY2025, INR 400 Cr in FY2026, and INR 450 Cr in FY2027 for greenfield facilities.
Credit Rating & Borrowing
Rated [ICRA]A+ (Positive) for long-term and [ICRA]A1+ for short-term. The company is currently debt-free (except lease liabilities) after repaying all debt in FY2024 via IPO proceeds.
Operational Drivers
Capacity Expansion
Current operational capacity of 1,061 beds; planned expansion to approximately 2,500 beds by FY2027 through greenfield projects in Dombivli, Pune, and Mira Road.
Manufacturing Efficiency
Indore hospital became OPBIDTA positive in FY2024 within three years of commencement; efficiency is driven by improving occupancy and ARPOB.
Logistics & Distribution
Distribution is achieved through the physical hospital network in Thane, Pune, and Indore, with upcoming units in Dombivli and Mira Road.
Strategic Growth
Expected Growth Rate
18-20%
Growth Strategy
Doubling bed capacity from 1,061 to 2,500 through three greenfield facilities in Dombivli, Pune, and Mira Road. Strategy focuses on an 'all-hub-no-spoke' model to provide full-service tertiary care.
Products & Services
Multi-specialty tertiary healthcare services (cardiology, oncology, etc.), diagnostic services, and hospitality services (22-room hotel and convention center in Thane).
Brand Portfolio
Jupiter Hospital, Fortune Park (managed by ITC Ltd).
New Products/Services
New greenfield hospitals in Dombivli, Pune, and Mira Road are expected to contribute significantly to the planned capacity increase to 2,500 beds.
Market Expansion
Expansion within Maharashtra (Dombivli, Pune, Mira Road) to solidify its leading position in the Western region.
Market Share & Ranking
Leading player in the Thane region with a current bed capacity of over 1,000.
Strategic Alliances
Management of hotel operations by Fortune Park Hotels (wholly owned by ITC Ltd).
External Factors
Industry Trends
The healthcare sector is seeing a shift toward organized chains with a current growth rate of ~18-20% for JLHL. Future direction is driven by increasing medical insurance coverage and lifestyle disease prevalence.
Competitive Landscape
Stiff competition from established organized chains and local multi-specialty clinics in the Western region.
Competitive Moat
Durable advantage through an established brand in the Western region and an 'all-hub-no-spoke' model which ensures high-quality tertiary care. Promoters have 20+ years of experience, creating high switching costs for patients seeking specialized care.
Macro Economic Sensitivity
Highly sensitive to per-capita income growth and medical insurance penetration, which drive affordability for tertiary care.
Consumer Behavior
Shift toward organized healthcare providers due to better infrastructure and specialized service availability.
Geopolitical Risks
Minimal direct impact, though global supply chains for medical technology could be affected by trade barriers.
Regulatory & Governance
Industry Regulations
Subject to restrictive pricing regulations on medical procedures and medicines by Central and State governments, and strict environmental compliance for bio-medical waste.
Environmental Compliance
Must comply with bio-medical waste management and environmental laws; specific ESG costs are not disclosed.
Taxation Policy Impact
Effective tax rate is approximately 25% based on H1 FY2026 tax payments of INR 33.8 Cr against PBT of INR 136.0 Cr.
Legal Contingencies
The company has disclosed pending litigations in its financial statements, but the specific aggregate case value in INR is not disclosed in available documents.
Risk Analysis
Key Uncertainties
The primary risk is the timely commencement and ramp-up of the Dombivli hospital in FY2027, which could impact overall profitability in the initial years due to high fixed costs.
Geographic Concentration Risk
84% of revenue comes from Maharashtra (Thane and Pune), making the company sensitive to state-level regulatory changes.
Third Party Dependencies
Dependency on Fortune Park Hotels (ITC Ltd) for managing the 22-room hotel and convention center adjacent to the Thane hospital.