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HomeNewsBusinessEarningsMedanta Q3 results: Net Profit up 53% to Rs 124 crore

Medanta Q3 results: Net Profit up 53% to Rs 124 crore

Earlier, Global Health, which operates Medanta, had reported a 46 percent year-on-year (YoY) rise in net profit at Rs 125 crore for the July-September period

February 08, 2024 / 17:27 IST
The company reported a net profit of Rs 80.6 crore in the year-ago period.

The company reported a net profit of Rs 80.6 crore in the year-ago period.

 
 
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Medanta-operator Global Health Ltd on February 8 reported a 53.2 percent year-on-year (YoY) rise in net profit at Rs 123.54 crore for the October-December period of the current financial year.

The company reported a net profit of Rs 80.6 crore in the year-ago period.

The hospital operator's revenue for the quarter came in at Rs 854.3 crore, reflecting a 20.9 percent rise YoY from Rs 706.2 crore.

Its earnings before interest, taxes, depreciation, and amortization (EBITDA) was at Rs 212 crore against Rs 160 crore in the same quarter of the previous financial year.

The EBITDA margin for the October-December quarter was reported at 25.5 percent as against 23 percent for the same period a year ago.

(This is a developing story and will be updated shortly)

Moneycontrol News
first published: Feb 8, 2024 04:51 pm

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