Narayana Hrudayalaya Rises on Turning Profitable in December Quarter

Narayana Hrudayalaya shares advanced over 3 per cent on Tuesday after the company reported a profit in the December quarter.

Bangalore based Narayana Hrudayalaya, which runs a network of hospitals, on Monday posted net profit of Rs 3.7 crore on sales of Rs 396.55 crore. In the year ago period, the company had reported loss of Rs 14.09 crore on sales of Rs 340.11 crore.

This is Narayana Hrudayalaya's first quarterly earnings since the company got listed on the stock exchanges earlier this year in January. Narayana Hrudayalaya's Rs 613 crore initial public offer, which was open between December 17 to 21, was oversubscribed 8.7 times. 

Since listing of its shares in January, Narayana Hrudayalaya is up 0.43 per cent.

Shares of Narayana Hrudayalaya ended 1.48 per cent higher at Rs 333.25.

Narayana Hrudayalaya shares advanced over 3 per cent on Tuesday after the company reported a profit in the December quarter.

Bangalore based Narayana Hrudayalaya, which runs a network of hospitals, on Monday posted net profit of Rs 3.7 crore on sales of Rs 396.55 crore. In the year ago period, the company had reported loss of Rs 14.09 crore on sales of Rs 340.11 crore.

This is Narayana Hrudayalaya's first quarterly earnings since the company got listed on the stock exchanges earlier this year in January. Narayana Hrudayalaya's Rs 613 crore initial public offer, which was open between December 17 to 21, was oversubscribed 8.7 times. 

Since listing of its shares in January, Narayana Hrudayalaya is up 0.43 per cent.

Shares of Narayana Hrudayalaya ended 1.48 per cent higher at Rs 333.25.