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ICICI Direct Report
Signs of a strong recovery amid sharp sequential growth of 28%, 75% in revenues, Ebitda, respectively, in Q2 FY21, normalisation of OPD/IPD inflows as travel restrictions ease out point towards a better H2FY21 vis-à-vis H1 FY21.
The domestic business has already reached near pre-Covid levels on the back of strong growth seen in Tier-II/III cities.
Furthermore, revival of inter-state travel and resumption of medical tourism from neighbouring countries (like Bangladesh) is likely to reach pre-Covid levels by the end of FY21, which will further support financials.
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