
Narayana Hrudayalaya Ltd signed an exclusive operation and management agreement with Mission of Mercy Hospital & Research Centre in Park Street, Kolkata, a 100‑bed facility covering 63,240.37 square feet. The contract, effective on a long‑term basis, does not grant the company any ownership or lease rights over the property.
Shares of Narayana Hrudayalaya fell 1.14% to ₹1,722 on the BSE, a drop of ₹19.85, following the announcement. The dip comes amid a broader market retreat in the healthcare sector, where hospital management deals have risen 12% year‑on‑year.
According to the BSE filing, the company has no shareholding in the hospital or the Assembly of God of North India, and the transaction is classified as a non‑related‑party deal. Analysts note that such management contracts can provide a stable fee‑based income, potentially boosting the company’s revenue mix in the next fiscal year.
The agreement is expected to take up to 12 months to fully operationalise, with commercial operations contingent on meeting certain conditions precedent. Narayana’s CEO, Mr. Arvind Kumar, said the deal will diversify revenue streams and support long‑term sustainability. Investors will watch the company’s next earnings release in March for early indications of the contract’s financial impact.