Apollo Hospitals reports robust Q4 results with a 77% surge in net profit to Rs 258 crore, meeting expectations. Revenue also jumps 15% to Rs 4,944 crore, surpassing the Street’s estimate of Rs 4,927 crore. The board proposes a final dividend of Rs 10 per share for FY 2023-24.
Dr. Prathap C Reddy was re-appointed as Executive Chairman for two years from June 25, 2024, subject to shareholder approval. Operational performance improves with reduced losses from Apollo HealthCo, the online arm.
The hospital chain’s impressive financial performance reflects strong growth momentum. The proposed dividend underscores management’s confidence in the company’s future prospects. Despite this, shares closed 2.5% lower at Rs 5,761 on May 30.
Apollo Hospitals’ Q4 net profit surges 77% to Rs 258 crore, beating expectations. Revenue also sees a significant increase of 15% to Rs 4,944 crore. The board recommends a final dividend of Rs 10 per share for FY 2023-24.
Dr. Prathap C Reddy’s re-appointment as Executive Chairman highlights continuity in leadership. Improved operational performance, particularly in reducing losses from Apollo HealthCo, contributes to overall growth. Despite strong financial results, shares close 2.5% lower at Rs 5,761 on BSE.
