URL copied to clipboard

Trending News

Apollo Hospitals Q1 Results: Shares Surge 4% After 83% PAT Growth

Apollo Q1 Results: Shares rose over 4% after a strong earnings report, with an 83% PAT increase, 15% revenue growth, and improved performance across healthcare, diagnostics, and digital segments. On August 14, Apollo Hospitals Enterprise Ltd shares rose by over 4% following a strong quarterly earnings report. The company's profit after tax (PAT) for the June 2024 quarter jumped by 83%, reaching ₹305.1 crore compared to the previous year. Revenue for the quarter also increased by 15% year-on-year, totaling ₹5,085.6 crore. Operating profit, measured as earnings before interest, tax, depreciation, and amortization (EBITDA), grew by 33% to ₹675.1 crore. Also Read: Stock Market Holiday Alert: NSE and BSE Trading Pause for Independence Day 2024 Apollo Hospitals' healthcare services saw a 15% revenue growth, driven by an 11% increase in inpatient volume and a 4% rise in price and case mix. Occupancy improved to 68% from 62% a year ago. The company's diagnostics and retail health segment also did well. Apollo Health and Lifestyle Ltd's revenue grew 15% in the June quarter, and its losses decreased to ₹14.8 crore from ₹21.4 crore last year. Additionally, the digital health and pharmacy distribution segment became EBITDA positive, with a profit of ₹22.5 crore compared to a loss of ₹56.6 crore in the previous year. Despite this, it still reported a net loss of ₹12.9 crore, though it was lower than the previous year’s loss. Following the earnings announcement, Apollo Hospitals shares hit an intraday high of ₹6,865 on the NSE.

On August 14, Apollo Hospitals Enterprise Ltd shares rose by over 4% following a strong quarterly earnings report. The company’s profit after tax (PAT) for the June 2024 quarter jumped by 83%, reaching ₹305.1 crore compared to the previous year.

Trade Intraday, Equity and Commodity in Alice Blue and Save 33.3% Brokerage.

Revenue for the quarter also increased by 15% year-on-year, totaling ₹5,085.6 crore. Operating profit, measured as earnings before interest, tax, depreciation, and amortization (EBITDA), grew by 33% to ₹675.1 crore.

Also Read: Stock Market Holiday Alert: NSE and BSE Trading Pause for Independence Day 2024

Apollo Hospitals’ healthcare services saw a 15% revenue growth, driven by an 11% increase in inpatient volume and a 4% rise in price and case mix. Occupancy improved to 68% from 62% a year ago.

The company’s diagnostics and retail health segment also did well. Apollo Health and Lifestyle Ltd’s revenue grew 15% in the June quarter, and its losses decreased to ₹14.8 crore from ₹21.4 crore last year.

Additionally, the digital health and pharmacy distribution segment became EBITDA positive, with a profit of ₹22.5 crore compared to a loss of ₹56.6 crore in the previous year. Despite this, it still reported a net loss of ₹12.9 crore, though it was lower than the previous year’s loss. Following the earnings announcement, Apollo Hospitals shares hit an intraday high of ₹6,865 on the NSE.

Loading
Read More News