Shares of Krishna Institute of Medical Sciences (KIMS) surged nearly 6 percent on November 11 following the release of its strong Q2FY25 financial results.
At 12.50 PM, KIMS' share price traded 3 percent higher at Rs 587. The stock has gained over 50 percent on a year-to-date basis, outperforming the Nifty 50 which gained 12 percent during the same timeframe.
KIMS reported a consolidated net profit of Rs 107.4 crore for Q2FY25, reflecting a 24 percent increase quarter-over-quarter and a 16.7 percent year-over-year rise. The company's revenue from operations also rose significantly, up 13 percent from the previous quarter and 19 percent from the previous year, totalling Rs 777.3 crore.
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Consolidated EBITDA saw a healthy increase, growing 21.2 percent sequentially and 23.8 percent year-over-year to Rs 223 crore. The EBITDA margin improved as well, reaching 28.5 percent in Q2FY25, compared to 27.5 percent in Q2FY24 and 26.6 percent in the prior quarter.
"The second quarter has been an extremely busy and productive one on multiple fronts for us. Our unit in Nashik went live this quarter and we are happy to say that we have started our first hospital in Kerala at Kannur. All our units are working to their optimal capacity to meet the rush of patients across all geographies. We have been focusing on ensuring that our mission to provide affordable and accessible quality healthcare reaches everyone effectively. We are confident and on track to achieve our targets for FY25," said B Bhaskar Rao, CMD, KIMS Hospitals.
KIMS Hospitals has a strong presence across Telangana, Andhra Pradesh, Maharashtra, and its newest addition in Kerala. Its 16-hospital network, which includes over 5,000 beds, offers multi-disciplinary healthcare services with a focus on tertiary and quaternary care across specialities such as cardiac sciences, oncology, neurosciences, and organ transplantation.
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