Max MyHealth Digital Platform & CSR Initiatives
MAX
Healthcare
Memorandum Consolidation of Network P&L: 9M FY24
MHIL & its
subsidiaries &
Silos
Ind AS
Partner Healthcare Facilities ("PHF") Financials
(IGAAP Unaudited)*
Eliminations
&
Unaudited
Balaji
Society
GM Modi
Society
Devki Devi
Society
IND AS
Adjustment (2)
Adjustment(1)
Figs in INR Cr
MHC Network
(Consolidated)
(Certified by an
ICA)
Revenue from operations
3,983
469
324
589
(343)
5,023
Other income (3)
15
2
8
18
(17)
26
Total operating income
3,998
472
332
607
(360)
5,049
Pharmacy, drugs, consumables & other direct costs
823
95
70
162
51
1,202
Employee benefits expense (4)
663
62
40
59
193
1,016
Other expenses (5)
1,351
239
167
289
Total expenses
2,837
396
278
510
(5)
Operating EBITDA
1,161
76
55
97
555
(615)
1,427
(371)
3,645
11
1,404
Less: non-operating expenses
ESOP (Equity-settled Scheme)
36
1
.
1
36
Movement in fair value of contingent consideration
payable and amortisation of contract assets
6
.
.
6
Reported EBITDA
1,119
76
55
97
5
11
1,362
Finance costs (Net)
Depreciation & Amortisation
Profit/(Loss) before tax
(79)
(4)
21
14
2
12
(34)
175
14
14
15
3
(20)
200
1,023
66
20
68
19
1,196
Tax
Profit/(Loss) after tax
223
800
7
229
66
20
68
12
966
New PHFs i.e. Vikrant Children's Foundation and Nirogi Charitable and Medical Research Trust have not been reflected separately and included in the Eliminations & Adjustments due to
negligible values
1) Mainly IND AS 116 (Accounting for Leases) at PHFs | (2) Eliminations relate to revenue from PHFs and intra-network sale/purchase. Also includes consequential impact on amortisation due to
reversal of intangible assets recognized at MHIL & its subsidiaries for contracts with PHFs. The net present value of the amount payable by a PHF to unconsolidated part of the other Society over
the contract period was accrued during PPA and payment made for the year there against in Q3 FY24 has been knocked off against the liability so created. Further, cost of non-treating doctors
on retainership, forex gain/loss etc. have been reclassified under Employee benefits expense & Finance costs resp. | (3) Other Income includes income from EPCG, unclaimed balances written
back, donations & contributions, scrap sale, income from outlets/in hospital displays etc. | (4) Includes non-clinical doctors on retainership & movement in OCI for actuarial valuation impact but
excludes ESOP expenses | (5) Includes cost of admitting doctors, net provision for doubtful debts & excludes movement in fair value of contingent consideration and amortisation of contract
assets that is reflected below operating EBITDA
27View entire presentation