Apollo Hospitals Enterprise Ltd.'s net profit increased 57% in the third quarter of fiscal 2024.
The company's profit surged to Rs 254.4 crore in the October-December quarter, in comparison with Rs 162.4 crore in the year-ago period, according to its exchange filing issued on Thursday. That compares with the Rs 255-crore consensus estimate of analysts tracked by Bloomberg.
Apollo Hospitals Enterprise Q3 FY24 Results (Consolidated, YoY)
Revenue up 13.76% at Rs 4,850.6 crore vs Rs 4,263.6 crore (Bloomberg estimate: Rs 4,810 crore).
Ebitda up 21.42% at Rs 613.7 crore vs Rs 505.4 crore (Bloomberg estimate: Rs 615 crore).
Margin expands 79 bps to 12.65% vs 11.85% (Bloomberg estimate: 12.8%).
Net profit up 56.65% at Rs 254.4 crore vs Rs 162.4 crore (Bloomberg estimate: Rs 255 crore).
Operating profit of the hospital segment rose 6% year-on-year to Rs 460 crore. Digital health and pharmacy businesses reported a segmental loss of Rs 10 crore, as against a Rs 74 crore loss over the same period last year.
The retail health and diagnostic segment reported an operating segmental loss of Rs 1.1 crore, as against an operating loss of Rs 2.5 crore last year.
The company declared an interim dividend of Rs 6 per share.
Shares of the company were trading 0.98% higher at Rs 6,238.2 apiece, as compared with a decline of 1.07% in the benchmark Nifty 50 at 2:54 p.m.
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