Manipal Hospitals Sees 94.9% Drop in Net Profit for March 2026 Quarter

Manipal Hospitals Pvt Ltd, a leading private hospital group in Karnataka, announced a sharp 94.92% drop in its consolidated net profit for the quarter ended March 2026, reporting a profit of ₹X crore against ₹Y crore in the same period last year.

The steep decline was attributed to rising healthcare costs, lower outpatient revenues, and increased competitive pressure in the region, which have all squeezed margins for the hospital chain.

Investors anticipate a cautious outlook for the company, with analysts warning that sustained cost pressures could further erode profitability. Source: Google News – Manipal.