Shares of Shalby fell nearly six percent after the company's consolidated net profit for Q1 FY25 fell over 20 percent on year to Rs 16.6 crore. The company had recorded a net profit of Rs 20.8 crore in the year-ago period.
At 2.05 PM, Shalby's shares were down 2.4 percent at Rs 303. The company's shares have gained 70 percent in the past year, outperforming the Nifty 50 which gained 25 percent during the same period.
Shalby's consolidated net profit fell on an annual basis as total expenses for the quarter ended June rose at a faster pace in comparison to its revenue during the period.
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In Q1 FY25, Shalby's revenue from operations rose over 18 percent on year to Rs 278.89 crore from Rs 235.48 crore. Meanwhile, its total expenses for the quarter rose nearly 25 percent on year to Rs 258.2 crore.
As calculated by CNBC-TV18, Shalby's EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortisation) for Q1 FY25 came in at Rs 45.4 crore, down from Rs 46.2 crore a year ago. The company's EBITDA margin came in at 16.3 percent compared to 18.1 percent in the year-ago period.
Shalby is a prominent player in India's healthcare delivery sector, operating a network of multispecialty hospitals nationwide. The company offers a wide range of tertiary and quaternary healthcare services, specializing in orthopaedics, complex joint replacements, cardiology, neurology, oncology, and renal transplants. Shalby is recognized as the global leader in knee replacement surgery and is among the top hospitals in India for joint replacement procedures.
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