KATHMANDU: Norvic International Hospital recorded Rs 2.04 billion in revenue over the first nine months of the last fiscal year, driven by steady growth in outpatient (127,473) and inpatient (6,594) visits.

Strong operational performance pushed operating margins to 27% and internal cash reserves to Rs 471 million.

With an equity infusion of Rs 194.4 million and early debt repayment of Rs 131 million, the hospital improved its interest coverage to 10.90x and gearing ratio to 1.17x.

Meanwhile, Norvic is wrapping up a Rs 3.32 billion expansion to increase capacity from 116 to 275 beds, with commercial operations slated for 2027.