Healthcare Q4 Results Preview - Set For Strong Volume Driven Growth: ICICI Securities

ICICI Securities Report

Healthcare services companies are likely to report a strong quarter. Hospitals under our coverage are likely to report Q4 FY24E revenue/Ebitda/profit after tax growth at 14%/25%/47% YoY, Better inflow of patient volumes, rise in surgical revenue, merger and acquisition and bed expansion plans chalk out a steady growth path for most listed hospitals.

Diagnostic companies are expected to be on a strong footing as competitive intensity in normalising and companies are selectively increasing prices.

Backed by volume growth of 9-10%, we expect diagnostic companies to report steady growth of 12%/25%40% YoY in revenue/Ebitda/PAT in Q4 FY24E.

Our top picks in healthcare services space are Apollo Hospitals, Dr. Lal and Thyrocare.

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