GPT Healthcare expects revenue to exceed ₹400 crore in FY24

GPT Healthcare hopes to clock revenues of more than ₹400 crore in the current financial year, and a growth rate of 15-18% the next year.

In an interview with CNBC-TV18, Atul Tantia, Group CFO of GPT Healthcare, highlighted that there is usually a dip in third quarter performance due to the festive season. However, a 10-15% growth in revenue is likely in the fourth quarter this year.

The healthcare company also intends to establish hospitals with 150 to 200 beds in underserved markets.

The Raipur hospital is scheduled to be operationalised in the fourth quarter of FY25.

This 24-year-old mid-sized multispecialty hospital chain was listed on the BSE on February 29 at ₹216.15.

Its shares have experienced a decline of nearly 12% over the past month.

GPT Healthcare shares list at ₹216, a 16% premium to IPO price

GPT Healthcare currently has a market capitalisation of approximately ₹1,445.81 crore.

The company competes with listed peers like Global Health, Krishna Institute of Medical Sciences, Jupiter Life Line Hospitals, Yatharth Hospital and Trauma Care Services and Shalby.

For the entire interview, watch the accompanying video