Manipal Health Enterprises Limited has reported a 38.1% year-on-year increase in consolidated revenue from operations to Rs. 3,090.63 crore for Q1 FY27, compared with Rs. 2,237.63 crore in the corresponding quarter last year.

Consolidated net profit stood at Rs. 243.43 crore, compared with Rs. 254.04 crore in Q1 FY26. Profit attributable to owners was Rs. 231.65 crore, while consolidated basic and diluted EPS stood at Rs. 1.96.

On a standalone basis, revenue from operations came in at Rs. 1,048.30 crore, while net profit rose to Rs. 115.53 crore from Rs. 92.02 crore in Q4 FY26.

In a key governance decision, the board approved the appointment of Price Waterhouse Chartered Accountants LLP as statutory auditors for a five-year term, replacing B S R & Co. LLP. The appointment is subject to shareholder approval.

The board also approved the re-appointment of Dr. Hebri Sudarshan Ballal as Non-Executive Chairman and Puneet Bhatia as Non-Executive Director, both retiring by rotation.

Meanwhile, Manipal Health proposed amendments to its Articles of Association to formalise board nomination rights for the Temasek Group and MGHS Group. Subject to shareholder approval, Temasek Group entities would have the right to nominate up to three directors, while the MGHS Group would be entitled to nominate up to two directors, provided each group maintains at least a 6% shareholding.

The proposed changes would also provide proportional representation to both groups on a new Executive Committee responsible for advising the board on M&A, strategic investments and annual budgets.

Separately, Manipal Health disclosed that it has entered into a Business Transfer Agreement to acquire the entire business operations of Kinder Women's Hospital, Bengaluru, for Rs. 130 crore in cash. 

The transaction remains subject to statutory approvals and customary closing conditions.

The company's 16th Annual General Meeting is scheduled for September 29, 2026 through video conferencing.