Apollo Hospitals Q2 Results: Net profit soars 63% to ₹379 crore on healthcare services demand, revenue up 15% YoY
- Apollo Hospitals Q2 Results: The Chennai-based hospital chain operator's revenue from operations in the second quarter of the current fiscal grew 15 per cent to ₹5,589 crore
Apollo Hospitals Q2 Results: Apollo Hospitals announced its July-September quarter results for fiscal 2024-25 (Q2FY25) on Wednesday, November 6, reporting a surge of 63 per cent in consolidated net profit to ₹379 crore, driven by higher demand for its healthcare services, compared to ₹233 crore in the corresponding period last year.
The Chennai-based hospital chain operator's revenue from operations in the second quarter of the current fiscal grew 15 per cent to ₹5,589 crore, compared to ₹4,846 crore in the year-ago period. Hospital chain operators have been focused on improving their occupancy rates by adding new beds and accommodating more expensive elective surgeries.
Apollo Hospitals Q2 Results: Key Metrics
On the operating performance, Apollo Hospital's earnings before interest, taxes, depreciation, and amortization (EBITDA) during the September quarter rose 30 per cent to ₹815.5 crore, compared to ₹627 crore in the year-ago period. The margin rose to 14.6 per cent compared to 13 per cent in the same period last year.
Apollo Hospitals said it had 7,994 operating beds as of September end, and its overall occupancy rose to 73 per cent during the second quarter from 68 per cent last year. This helped its revenue from the healthcare services business - which contributes more than half its total revenue - rise 14 per cent.
The digital health and pharmacy vertical, which offers online consultations and operates the 'Apollo 24/7' platform, reported a profit of ₹38.9 crore compared with a loss a year ago, boosting the hospital chain operator's margins.
“One of our proudest achievements is our recent partnership with the Government of Tripura to provide free heart surgeries for children, underscoring our belief that healthcare should reach those who need it most, especially in underserved communities,” said Prathap C Reddy, founder and Chairman, Apollo Hospitals.
“The first half of FY25 has been an exciting time for us, marked by major milestones aimed at extending the reach and impact of our healthcare services,” added Reddy. Shares of Apollo Hospitals settled 0.02 per cent lower at ₹6,969.85 apiece on the BSE. The stock climbed about 16 per cent during the September quarter.
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Business NewsCompaniesCompany ResultsApollo Hospitals Q2 Results: Net profit soars 63% to ₹379 crore on healthcare services demand, revenue up 15% YoY
First Published:6 Nov 2024, 04:12 PM IST
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