Apollo Hospitals is planning to aggressively open new pharmacies, said Suneeta Reddy, MD, Apollo Hospitals.
Apollo Hopsitals' Q3 earnings were in line with street estimates but profit was impacted due to higher depreciation and finance costs on account of new hospitals like Navi Mumbai coming on stream. In an interview with CNBC-TV18, Akhileshwaran Krishnan, CFO of Apollo Hospital spoke about the results and his outlook for the company.
Apollo Hospitals reported an over 20 percent dip in the bottomline this quarter. In an interview with CNBC-TV18, Suneeta Reddy, MD of the company discussed the earnings fine print.
Past two-three quarters have been challenging with demonetisation, goods and services tax (GST), price cap on stents and what not. In an interview to CNBC-TV18, Suneeta Reddy, MD of Apollo Hospitals Enterprises, spoke about how things are looking right now.
The government has capped prices of orthopedic knee implants at a significantly lower rate than current market rates. In an interview to CNBC-TV18, Suneeta Reddy, Joint MD of Apollo Hospital spoke about the latest happenings in her company and sector.
In an interview to CNBC-TV18, Suneeta Reddy, MD of Apollo Hospitals Enterprises discussed the company's Q1 performance.
In an interview to CNBC-TV18, Suneeta Reddy, MD of Apollo Hospitals Enterprises spoke about the results and her outlook for the company.
Apollo Hospitals Chief Financial Officer Krishnan Akhileswaran said the pharmacy business got a boost from demonetisation because people were allowed to use their old notes (Rs 500, Rs 1000).
The company has incubated many businesses and its Chennai cluster saw 2 percent growth this quarter, says Suneeta Reddy, MD , Apollo Hospital.
Apollo‘s pharmacy business saw a slight rise in margins to 3.6 percent and its private label grew 6.7 percent with higher margins.
Krishnan Akhileswaran, CFO of Apollo Hospitals, says Rs 85 crore worth revenue came from new hospitals and the company saw an 8 percent volume growth in the third quarter.
Suneeta Reddy, MD, Apollo Hospitals said that the hospital chain will increase its bed capacity from current 1,500 to 2,200 beds in the current year.
India also has a clinical advantage, says Preetha Reddy, executive vice-chairperson of Apollo Hospitals. "Our outcomes are as good if not better than some of the developed nations. That is what is attracting people to India," she told CNBC-TV18.
In an interview with CNBC-TV18, Preetha Reddy, Executive Vice Chairman of Apollo Hospitals said that the new Navi Mumbai hospital will become functional by year-end or early next year.
Suneeta Reddy, managing director, Apollo Hospital, in an interview with CNBC-TV18, discusses quarterly results and company's plans for FY16.
Suneeta Reddy, MD, Apollo Hospitals gives her take on the company‘s performance in the December quarter. She says revenues grew 19 percent, while healthcare services clocked 12 percent growth.
Explaining the rationale behind the Nova deal, Apollo Joint MD Sangeeta Reddy told CNBC-TV18‘s Nigel D‘Souza and Sumaira Abidi that such short-stay surgery clinics were the â€œway of the futureâ€.
Margins of the pharmacy business that contributes 30 percent to total volumes improved by 0.1%, said Suneeta Reddy of Apollo Hospitals.
Same-store growth was 15 percent and our margins improved from 2.7 percent to 3.2 percent because our private label sales had grown to 6 percent and their contribution to the profit has now increased: Apollo Hosp
In an interview to CNBC-TV18, Suneeta Reddy, joint managing director of Apollo Hospitals spoke about the company‘s second quarter performance and road ahead.
Telangana or Andhra Pradesh, both states would have to ensure conducive business environment for industries Sangita Reddy, MD of Apollo Hospitals said.
Apollo Hospitals expects growth to pick up in the medium-term after sales fell due to extensive holidays during the quarter. Joint MD Suneeta Reddy adds that the healthcare major plans to add another 950 beds in next 18 months
Apollo Hospital will soon establish a Proton Therapy Center in Tamil Nadu that will augment cancer offering to patients and is likely to be commissioned by FY18, CFO Akhileshwaran Krishnan told CNBC-TV18.
Apollo Hospital is in talks to take over Lifeline multi-specialty hospital in Old Mahabalipuram Road in Chennai. AK Krishnan, CFO, Apollo Hospital told CNBC-TV18 that there will be around Rs 50-60 crore of total investment going into this. "Our plan is to put this for use over the next three-four months", he added.
Clocking a year-on-year net of Rs 80.6 crore, Reddy expect EBITDA margins to grow at current levels, going forward. She adds that larger plans include increasing the total bed count to 9,100 by end of FY14.