Apollo Hospitals Ltd on November 9 reported a 14.2 percent year-on-year (YoY) increase in net profit at Rs 233 crore for the July-September quarter, which fell short of estimates.
The hospital operator, however, reported better-than-expected revenue at Rs 4,846.9 crore, reflecting a 14 percent YoY rise.
According to a poll of six brokerages collated by Moneycontrol, the healthcare services provider was expected to report a consolidated net profit of Rs 238.90 crore and revenue of Rs 4,792.30 crore.
Its earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at Rs 627 crore against Rs 565 crore in the same period of the pervious year, it said in a statement.
The EBITDA margin for the July- September quarter was at 12.9 percent lower than 13.3 percent for the same period a year ago.
"Our vision for the future is firmly grounded in the commitment that no individual should go untreated due to limited access to quality care. With India's growing burden of non-communicable diseases (NCDs), we underscore the urgency of making preventive health checks a national priority. These measures are essential to address the emerging health challenges in our country, and we are dedicated to spearheading this initiative," said Apollo Hospitals Group chairman Prathap C Reddy said in a press statement.
As on September 30, Apollo Hospitals had 7,765 operating beds across the network (excluding AHLL & managed beds), of which 5,051 were occupied beds.
The overall occupancy for hospitals was at 68 percent against 62 percent in the trailing quarter, aided by a robust increase in patient flows across hospitals.
Diagnostics and Retail Healthcare wing Apollo Health and Lifestyle Limited reported gross revenue at Rs 354.2 crore, up 11 percent YoY.
Digital healthcare and omni-channel pharmacy platform Apollo HealthCo houses the Pharmacy distribution business, the digital healthcare services platform - Apollo24x7 and has a 25.5 percent interest in Apollo Pharmacies Ltd.
The subsidiary reported offline pharmacy distribution revenues at Rs 1,714.3 crore and Rs 231.2 crore for digital platform. Overall Health Co revenues were at Rs 1,945.4 crore, representing a 17 percent YoY growth, it said.
The subsidiary opened 98 new stores, taking the total to 5,671 stores.
At 3.04 pm, the stock was trading 3.9 percent higher at Rs 5,310.40 on NSE
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