Max Healthcare rallies 5%; hits record high on healthy Q2 results

The growth in Q2FY23 revenue and operating EBITDA were driven by higher occupancies, improved payor mix, and increased ARR in OPD.

Shares of Max Healthcare Institute hit a record high of Rs 482.50 as it rallied 5 per cent on the BSE in Wednesday’s intra-day trade after the company reported a healthy operational performance in September quarter (Q2FY23). The stock of the private sector healthcare services company surpassed its previous high of Rs 472.60, which it had touched on September 16, 2021.

In Q2FY23, Max Healthcare reported highest-ever gross revenue of Rs 1,567 crore, up 9 per cent year-on-year (YoY) and 6 per cent quarter-on-quarter (QoQ). On a like-to-like basis, the gross revenue for the quarter reflects a growth of