BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
HealthCare Global Enterprises Ltd.'s Q1 FY22 performance was better than our estimates driven by continued sequential recovery in the oncology hospital segment which recorded revenue growth of 9.6% QoQ.
Coupled with controlled cost Ebitda margin beat our estimates by 190 basis points to 15.9% (our estimate: 14.0%).
We believe that the business has normalised and this growth trend will continue.
Recent capital infusion has removed the key overhang of high leverage with repayment of debt from the fund raising exercise.
We remain positive on the stock as Healthcare Global is poised to grow positively hereon and strengthening of balance sheet with no major capex plan in near term.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
