GPT Healthcare Q3 Profit Jumps Driving Shares Nearly 10% High

Net profit of the newly listed company rose 37.4% year-on-year to Rs 11.5 crore in the October-December quarter of FY24.

GPT Healthcare IPO Meet (Source: NDTV Profit)

Shares of GPT Healthcare Ltd. surged nearly 10% to a two-week high on Wednesday, after its profit jumped in the third quarter.

Net profit of the newly listed company rose 37.4% year-on-year to Rs 11.5 crore in the quarter ended December 2023, according to an exchange filing.

GPT Healthcare Q3 Earnings Highlights (YoY)

  • Revenue up 3.9% to Rs 96.6 crore.

  • Ebitda up 4.6% to Rs 22.2 crore.

  • Ebitda margin was at 23.0%.

  • Net profit up 37.4% to Rs 11.5 crore.

Shares of the company rose as much as 9.90%, the highest level since March 4, before paring gains to trade 6.80% higher at 9:50 a.m. This compares to a 0.23% advance in the NSE Nifty 50.

The stock has declined 10.76% in 12 months. The relative strength index was at 38.48.

Also Read: HDFC Bank Divests Stake In Education Loan Arm

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WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
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