| Experienced Management
Yashoda Foundation (YF) is a trust which was incorporated on 2nd September 1999 under the leadership of Mr. Prem Narayan Arora, Upasana Arora and other trustees, who are specialized doctors and have long standing experience of running hospitals and medical units. Apart from this, management runs a hospital under the name of Yashoda Super Speciality Hospitals Private Limited (YSSHPL), Kaushambi unit. The vast experience of the trustees in efficiently managing the hospitals has helped them to maintain healthy relations with reputed client like Aarogya PRP Health Care Services, Aditya Birla Health Insurance Company Limited, AIR India, BHEL and others.
Consolidated Revenue Growth with improving Profitability
The revenue of the group stood at Rs.335.27 Cr. in FY2025 as against Rs.261.35 Cr. in FY2024. The improvement in revenue is on the account of increase in average revenue per operating bed (ARPOB) in Yashoda Super Speciality Hospitals Private Limited (YSSHPL), however the overall occupancy has declined marginally. Also, Operations at Yashoda Medicity started recently in October 2025, and going forward it will support revenue growth. As of January 2026, the Yashoda Medicity has achieved around Rs.50 Cr. The operating profit margin of the group improved and stood at 35.22 per cent in FY2025 as against 24.45 per cent in FY2024. The reason for improvement in the operating margin is on the account of increase in ARPOB and increase in number of OPD patients in YSSHPL. The PAT margin also improved and stood at 27.58 per cent in FY2025 as against 18.42 per cent in FY2024.
Moderate Financial Risk Profile:
The group’s financial risk profile remains moderate, characterized by moderate gearing, healthy networth and debt protection indicators. The net worth of the group improved to Rs. 383.32 crore as on March 31, 2025, compared to Rs. 290.86 crore as on March 31, 2024, due to accretion of profit to reserves. The Gearing (debt-equity) of the group stood at 1.37 times as on March 31, 2025, against 0.92 times in the previous year. The total debt of the group stood at Rs. 526.24 Cr. as on March 31, 2025, as against Rs. 268.67 Cr. as on March 31, 2024. The debt profile of the group comprises of Rs. 412.80 Cr. of long-term debt, Rs. 70.61 Cr. of short-term debt, Rs.37.04 Cr of unsecured loans from promoters and Rs. 5.80 Cr. of current portion of long-term debt. The Total Outside Liabilities/Tangible Net Worth (TOL/TNW) of the group stood at 1.58 times as on March 31, 2025, as against 1.01 times as on March 31,2024. Further, the debt protection metrics of the group stood comfortable as reflected by debt service coverage ratio of 20.11 times for FY2025 as against 40.07 times for FY2024 and the interest coverage ratio stood at 33.74 times for FY2025 as against 45.51 times for FY2024. The net cash accruals to total debt (NCA/TD) stood at 0.20 times in FY2025 as compared to 0.23 times in the previous year.
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| Intensive working capital operations:
The working capital operations of the group remains intensive in nature, marked by high Gross Current Assets (GCA) of 139 days in FY2025, compared to 130 days in FY2024. The high GCA days are on account of high other Current Assets in the form of advance recoverable. The debtor days stood at 38 days in FY2025 as against 36 days in FY2024. Further, the creditor days stood high at 121 days in FY2025 as against 58 days in FY2024. However, the inventory period stood comfortable at 9 days on March 31, 2025, as against 6 days as on March 31, 2024.
Risk associated with regulatory framework in healthcare sector
The healthcare sector functions under multiples layers of regulations of government and professional bodies. In view of the Covid-19 pandemic, regulatory restrictions and state intervention in the normal operations of hospitals has increased. Additionally, the hospital faces intense competition from several players in the city from small players as well as large players.
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