Narayana Hrudayalaya to Setup 1,100-bed Hospital Project in Kolkata

Narayana Hrudayalaya, a distinguished Indian hospital network headquartered in Bengaluru, was founded in 2000 by eminent cardiac surgeon Dr. Devi Prasad Shetty. Over the years, the organisation has significantly expanded its footprint across India and internationally. 

Project Details

Narayana Hrudayalaya Ltd., on Feb 20, said it would be investing ₹900 crore for a new hospital in Kolkata, whose foundation stone was laid by West Bengal Chief Minister Mamata Banerjee on February 20, 2025.

In a recent exchange filing, the company announced a strategic investment for the “first phase” of an ambitious expansion project, financed through a prudent mix of debt and internal accruals.

Under this initial phase, operations will commence with a 350-bed capacity by the financial year 2028-29. The company envisions transforming the facility into a state-of-the-art “1,100-bed super-speciality hospital” over the next three to ten years through phased capacity augmentations.

Passion to Create World-Class Healthcare Services in India

Designed to deliver “world-class healthcare services,” the new hospital will be equipped with cutting-edge technology, catering to the growing medical needs of Eastern India. The decision to establish this facility stems from the burgeoning patient influx at Narayana Health Group’s existing hospitals in Kolkata, highlighting the “immense potential for further growth” in the region.

Q3 FY25 Results

Narayana Hrudayalaya reported a commendable performance in its Q3 FY25 results. The company posted a 13.55% year-on-year surge in total revenue to ₹1,366.68 crore, accompanied by a 2.62% rise in net profit to ₹192.94 crore. However, on a sequential basis, revenue dipped by 2.38%, while net profit declined by 2.86%. 

Operating income soared 9.86% year-on-year to ₹237.04 crore, whereas operating expenses rose by 14.35% to ₹1,129.64 crore. The company’s diluted normalised EPS for the quarter stood at ₹9.50, reflecting a 2.59% year-on-year uptick.

Share Price Performance 

At 9:20 AM on February 21, 2025, Narayana Hrudayalaya Ltd shares opened at ₹1,406 per share on the NSE.

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