Apollo Hospitals Q4 consolidated net rises 50% to ₹146 cr.
The Hindu
Apollo Hospitals Enterprise Ltd. (AHEL) reported consolidated net profit for the fourth-quarter ended March rose 50% year-on-year to ₹146 crore.
Apollo Hospitals Enterprise Ltd. (AHEL) reported consolidated net profit for the fourth-quarter ended March rose 50% year-on-year to ₹146 crore.
The net profit of Healthcare Services (HCS) rose 46% year-on-year to ₹257 crore. while Apollo Health & Lifestyle Ltd. (AHLL) posted a net loss of ₹23 crore. Apollo HealthCo. (AHL) logged a net loss of ₹89 crore, the hospital major said in a statement.
Revenue from operations grew by 21% to ₹4,302 crore of which HCS accounted for ₹2,195 crore, AHLL ₹309 crore and AHL ₹1,799 crore. The gross merchandise value of Apollo 24/7 was ₹593 crore.
“The results of AHLL is not comparable with previous year, as it included COVID-related revenue. It will achieve breakeven during Q2 of FY24 and AHL during Q4,” said Group CFO A. Krishnan.
According to him, the revenue from diagnostic business is expected to touch ₹500 crore this fiscal from ₹383 crore. Besides, the company is focused on improving the occupancy level in mature hospitals from 65% to 68%.
Over the next four years, AHEL is on track to add 2,000 beds with an investment of more than ₹3,000 crore in key metros. It will also continue to focus on digital health, he said.
As on March, Apollo Hospitals had total 70 hospitals with 9,957 operating beds across the network (including 562 beds in AHLL), out of which 14 hospitals were new with 2,384 operating beds.
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