The Indian hospital sector is a vibrant and quickly developing industry, fueled by rising healthcare demand, medical innovations, and increased access to excellent services.
Indian hospitals are well-known for providing a wide range of treatments, from basic care to complicated procedures, and have become a hotspot for medical tourism, attracting patients from all over the world due to their world-class facilities and affordable healthcare.
With an emphasis on innovation, technological integration, and experienced personnel, the industry is rapidly expanding, including the establishment of specialized institutions and multi-specialty chains. This progress is transforming India into a global leader in healthcare services, meeting both domestic and international demands.
Q2 Results
The company announced its July-September quarter results for fiscal 2024-25 (Q2FY25) on Wednesday, November 6.
In the second quarter of the current fiscal, the Chennai-based hospital chain operator’s revenue from operations increased by 15% to ₹5,589 crore, up from ₹4,846 crore the previous year.
The company recorded a 59% increase in overall net profit to ₹396 crore, driven by stronger demand for healthcare services compared to ₹249 crore in the same period the previous year.
On the operating performance front, earnings before interest, taxes, depreciation, and amortization (EBITDA) during the September quarter rose 30% to ₹816 crore, compared to ₹628 crore in the year-ago period. The margin rose to 15%, compared to 13% in the same period last year.
Bed Count
Hospital chain operators have been focused on improving their occupancy rates by adding new beds and accommodating more expensive elective surgeries. The company said it had 7,994 operating beds as of September end, and its overall occupancy rose to 73% during the second quarter from 68% last year. This helped its revenue from the healthcare services business—which contributes more than half its total revenue—rise 14%.
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Share Price
The shares of Apollo Hospital Limited are trading at Rs. 7,387 higher by 6% from its previous close of Rs. 6,968 at 11:00 am as of 7th November 2024. Thus confirming a positive sentiment for the Q2 results.
About the Company
Apollo Hospitals is a leading healthcare provider with a global reputation for excellence in patient care, medical innovation, and cutting-edge technology. The company has grown into one of the largest healthcare chains in Asia, offering a wide range of specialized services across multiple disciplines.
With world-class facilities, advanced treatment options, and a dedicated team of expert doctors and healthcare professionals, Apollo Hospitals is committed to delivering comprehensive, compassionate care. Whether through its pioneering research, patient-first approach, or state-of-the-art infrastructure, Apollo remains at the forefront of transforming healthcare in India and beyond.
Written By: Dipangshu Kundu
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