Norvic International Hospital Revenue Growth Update
9th February 2026, Kathmandu
Norvic International Hospital has reported record-breaking financial growth for the first half of the fiscal year 2082/83. According to recent unaudited financial data for the period ending Poush 2082, the hospital’s turnover reached NPR 1.30 billion and 80 lakh. This robust six-month performance suggests that Norvic is on track to significantly surpass its previous annual revenue of NPR 2.22 billion recorded in 2025.
Norvic International Hospital Revenue
The hospital’s transition to a public limited company in 2021 has paved the way for more transparent financial reporting and a major capital expansion phase.
Revenue Growth and Financial Trajectory
Norvic’s revenue has shown a consistent upward trend since 2020, even surviving the global pandemic’s disruptions to elective medical procedures.
- 2082/83 (First 6 Months): NPR 1.308 Billion
- 2025 (Full Year): NPR 2.22 Billion
- 2024 (Full Year): NPR 1.99 Billion
- 2023 (Full Year): NPR 1.91 Billion
- 2020 (Full Year): NPR 1.78 Billion
This steady growth is attributed to a diversified revenue stream. While cardiology and IVF remain the highest contributors to income, pathology services account for approximately 24% of the total healthcare revenue. The hospital’s PBILDT margin has also shown improvement, reaching approximately 28.65% in the latest review period.
Strategic Expansion: From 116 to 275 Beds
To meet the increasing demand for specialized care, Norvic is currently undergoing a massive infrastructure upgrade. The hospital has initiated the construction of an ultra-modern building on its 1.25-acre site in Thapathali.
Bed Capacity: Currently operating 116 beds out of a 200-bed approved capacity, the hospital is aggressively moving toward its goal of 275 to 300 operational beds.
New Infrastructure: The project includes approximately 200,000 square feet of built-up area, featuring specialized zones for Emergency Rooms, advanced ICUs, and high-tech Operation Theatres.
Nuclear Medicine: Norvic is revamping its diagnostic wing to become a nuclear medicine center, adding the latest versions of advanced CT and MRI scanners.
Leadership and Governance
Since its conversion to a public company, Norvic has strengthened its board and management team:
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Patron & Strategic Advisor: Mr. Basanta Kumar Chaudhary (Owner of BLC Global Holdings).
Managing Director: Ms. Megha Chaudhary, who oversees strategic development and the “Specialized Colo-rectal” and “Anti-aging” centers.
CEO: Mr. Ajaya Kumar Mishra, a veteran executive who has driven the hospital’s recent operational efficiency gains.
Chairman: Mr. Rajendra Bahadur Singh, providing governance oversight.
IPO and Shareholder Value
Norvic is currently in the process of launching its Initial Public Offering (IPO).
Issue Manager: Laxmi Sunrise Capital Limited has been appointed to manage the issuance of 25,00,000 units of shares to the general public.
Dividends: For the fiscal year 2081/82, the board proposed a total dividend of 42.105%, which includes 40% bonus shares to increase the paid-up capital before the public issue.
Industry Impact and Nursing Welfare
Norvic has also taken a lead in human resource management within the private healthcare sector. In October 2025, the hospital revised its salary structure, setting a minimum monthly pay of Rs 37,000 for nurses with a bachelor’s degree. This move aims to curb the high turnover rates common in Nepal’s medical sector and ensure better patient care standards.
Conclusion
Norvic International Hospital’s revenue of NPR 1.30 billion in just six months marks a pivotal moment in its 33-year history. With a massive debt-funded expansion project nearing completion in 2026 and an impending IPO, the hospital is transforming from a family-run specialty clinic into a large-scale public healthcare corporation. Its ability to maintain a PAT margin of over 13% while expanding its infrastructure indicates a stable and high-growth future for its upcoming public shareholders.
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