Metropolis Healthcare Q1 Review - In-Line Quarter; Expansion Plan On Track: Dolat Capital

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..Dolat Capital Report.Metropolis Healthcare Ltd.’s Q1 FY22 revenue growth of 12% QoQ was 12% above estimate aided by Covid-19 growth while non-Covid-19 business registering a 5% QoQ growth was in-line. Higher cost (network expansion and incentives to front-line workers) restricted margins at 31%, in-line with estimates. Reversal of provision made against global hospitals of Rs 1.6 billion aided profit after tax. Adjusted profit after tax at Rs 590 million was in-line. Management is mulling options post the fall-out of Hitech deal. Network expansion will impact Ebitda margins by 0.75- 1% to be offset by cost saving measures.As organized players benefit from higher traction in home collection and enhanced brand recognition, Metropolis is progressing well towards rapid expansion in new regions to deepen presence in core areas and fill gaps in non-core regions..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Metropolis Healthcare Q1 Review - In-Line Quarter; Expansion Plan On Track: Dolat Capital

Metropolis Healthcare Q1 Review - In-Line Quarter; Expansion Plan On Track: Dolat Capital

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