Manipal Health Enterprises reported adjusted consolidated profit after tax of 3.32 billion rupees ($34.69 million) for the quarter ended June 30, up nearly 31% from 2.54 billion rupees a year earlier. Revenue increased 38.1% to 30.91 billion rupees as patient volumes and high-value specialty procedures grew, but consolidated net profit fell 7.5% to 2.32 billion rupees because of costs linked to its acquisition of a majority stake in Maharashtra-based Sahyadri Hospitals in late 2025. The results were the operator’s first quarterly earnings report since its $960 million initial public offering (IPO) in July. Expenses rose 47.4% to 28.35 billion rupees, partly due to higher purchases of pharmacy items and other costs. Indian hospital operators have been expanding through acquisitions and new capacity, especially in smaller cities, to meet rising healthcare demand.