Ms. Myhtri Macherla
Assistant Vice President & Sector Head - Corporate Ratings, ICRA Ltd
Ms. Myhtri Macherla
Assistant Vice President & Sector Head - Corporate Ratings, ICRA Ltd
Indian hospital industry to post robust performance in FY2023
The occupancy for ICRA’s sample set in the hospital industry is expected to remain healthy at 62-64% in FY2023 and FY2024 backed by healthy demand for elective surgeries, recovery in medical tourism, and continued market share gains for organised players. Improving payor mix, growth in surgery volumes and price revisions by companies are expected to aid healthy growth of ~8-10% in ARPOB in FY2023. This translates to healthy revenue growth of ~15-17% in FY2023. Despite high input cost inflation, operating leverage, and continued cost optimisation measures are expected to support healthy operating margin of ~20-22% in FY2023 and FY2024.
