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HomeNewsBusinessStocksNarayana Hrudayalaya hits 52-week high on strong Q2 results

Narayana Hrudayalaya hits 52-week high on strong Q2 results

The company has reported 155 percent jump in its Q2 (August- September) net profit at Rs 26.5 crore versus Rs 10.4 crore, in the same period last fiscal.

November 10, 2016 / 09:37 IST
     
     
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    Moneycontrol BureauShares of Narayana Hrudayalaya touched 52-week high of Rs 375, advances 9 percent intraday Thursday on the back of strong Q2 numbers.The company has reported 155 percent jump in its Q2 (August- September) net profit at Rs 26.5 crore versus Rs 10.4 crore, in the same period last fiscal. Total income of the company increased by 19.5 percent at Rs 487.4 crore versus Rs 407.8 crore.The company's EBITDA was up 33.5 percent at Rs 63.3 crore and EBITDA margin was up 140 bps at 13 percent.The company has approved the cessation of operations at its unit at Berhampore, West Bengal by selling its entire shareholding in its wholly owned subsidiary, Asia Healthcare Development, to Lila Hospitals.At 09:28 hrs Narayana Hrudayalaya was quoting at Rs 358.10, up Rs 13.70, or 3.98 percent on the BSE.Posted by Rakesh Patil

    first published: Nov 10, 2016 09:37 am

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