SHALBY Q3 FY26 Guidance vs Delivery (SHALBY Management Mirror)

Hospital Volume & Operational Outlook

Modified (Dec'25 Qtr): Management now guides for double-digit volume growth specifically for FY27, with ARPOB expected to grow 5-6% on top of volume. This shifts focus from the prior FY26 double-digit revenue growth guidance (12-15%) stated in the Jun'25 Qtr.

Modified (Dec'25 Qtr): Occupancy targets for the Sanar (Gurugram) unit were reset to "at least 40 beds" (average) for FY27. This contrasts with the Jun'25 Qtr CFO guidance of reaching ~50%+ occupancy for FY26, suggesting a slower ramp-up than initially anticipated.

Reaffirmed (Dec'25 Qtr): Turnaround expectations for Shalby International (formerly Sanar) remain consistent; management continues to project "drastic" improvements over the next 1-2 quarters, driven by new talent and pending NABH accreditation.