Chitwan: Chitwan Medical College (CMC) has reported more than Rs 2.03 billion in revenue during the first 10 months of the last fiscal year, surpassing its total annual earnings from the previous year by Rs 60 million.
According to company data, CMC had earned Rs 1.97 billion in 2024, Rs 1.69 billion in 2023, and Rs 2.07 billion in 2022.
The steady increase in revenue has also improved CMC’s operating profit margins. In 2023, the operating profit margin stood at 25.36 percent, which rose to 30.15 percent in 2024. In the first 10 months of 2025, the margin is at 29.58 percent.
The growth in income is attributed to the launch of Nepal’s health insurance programme in July 2024 and enhancements in cancer (oncology) services, which significantly increased patient inflow.
CMC earned Rs 140 million in net profit during the 10-month period, compared to Rs 132 million in the previous full fiscal year.
The opening of a dedicated oncology centre in 2023 also contributed to a rise in the number of patients, sustaining a net profit margin of 7 percent of total operating income during the reporting period.
Established in 2006 by a group of doctors, CMC was converted into a public company in early 2024. The institution operates both as a medical college and hospital and is affiliated with Tribhuvan University.
It has received a credit rating of Rs 3.03 billion for long- and short-term borrowing—Rs 2.47 billion for long-term loans and Rs 553 million for short-term loans—indicating an expansion in its loan limit compared to previous years.
The hospital is led by Medical Director Dr Dayaram Lamsal, while the academic segment is managed by Dr Gopendra Prasad Deo. Dr Harish Chandra Neupane serves as Chairman of the Board. He is also the Chairman of Shekhar Hospital in Lucknow, India, a 100-bed facility.
Currently, CMC employs 877 medical and non-medical staff members and has 133 faculty members. The hospital offers 537 functional beds, with a total capacity of 750.
It provides a wide range of services, including dentistry, forensic medicine, ophthalmology, oral and maxillofacial surgery, pathology, orthodontics, pediatric dentistry, radio diagnosis, general surgery, oncology, ICU, NICU, and PICU facilities.
In addition to hospital services, CMC earns revenue through its educational segment, offering MBBS, MD, and 13 other medical courses. About 56 percent of its revenue comes from the hospital, while 38 percent is generated from its academic programmes. CMC offers nursing, BSc, MBBS, BDS, and various undergraduate medical degrees.
In 2023, the college built a new facility focused on cancer care with an investment of Rs 1.12 billion. As of May 2025, CMC had taken loans amounting to Rs 2.26 billion, up from Rs 2.11 billion in June 2024.
The rise in debt is primarily due to capital expenditure, campus expansion, and procurement of new equipment. CMC expects its debt levels to increase further due to continued infrastructure development and debt restructuring.
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