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Business News/ Markets / Stock Markets/  Apollo Hospitals Q4 results: Net profit up 50% to 146 Cr, Board declares 180% dividend
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Apollo Hospitals Q4 results: Net profit up 50% to ₹146 Cr, Board declares 180% dividend

Apollo Hospitals Enterprise on Tuesday recorded a 50% growth in consolidated net profit at ₹146 crore during the quarter ended March 2023, as compared to a profit of ₹97 crore, in the corresponding quarter of last fiscal.

The company reported a net income of ₹4318.50 Cr during Q4FY23 as compared to ₹3577.15 Cr in Q4FY22, representing a gain of 21% YoY. Premium
The company reported a net income of 4318.50 Cr during Q4FY23 as compared to 3577.15 Cr in Q4FY22, representing a gain of 21% YoY.

Apollo Hospitals Enterprise on Tuesday recorded a 50% growth in consolidated net profit at 146 crore during the quarter ended March 2023, as compared to a profit of 97 crore, in the corresponding quarter of last fiscal. 

The company reported a net income of 4318.50 Cr during Q4FY23 as compared to 3577.15 Cr in Q4FY22, representing a gain of 21% YoY.

The Board of Directors have “Recommended a final dividend of 9/-per Equity Share (180%) of the face value of 5/- per share to the shareholders of the Company for the FY2022-23. The dividend recommended by the Board of Directors of the Company is subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company," said Apollo Hospitals Enterprise in a stock exchange filing.

“The Board has fixed the record date as Saturday, 19th August 2023 for the purpose of determining the names of the shareholders who are entitled for the final dividend and also for the purpose of the Annual General Meeting. The dividend, if approved by the shareholders at the AGM, will be paid, subject to deduction of tax at source, on and from September 9, 2023," said Apollo Hospitals Enterprise in a stock exchange filing.

The shares of Apollo Hospitals Enterprise closed on the BSE at 4603.25 apiece down by 0.92% from the previous close of 4646.10. The stock touched a 52-week-high of 4,900.00 on (05/12/2022) and a 52-week-low of 3,528.20 on (07/06/2022). 

Commenting on the outlook of the stock post its earnings, A R Ramachandran, Co-founder & Trainer-Tips2trades said "Despite an improved Q4FY23 results, Apollo hospitals stock price looks bearish with strong resistance of 4800 on the Daily charts. A daily close below support of 4535 could lead to target of 4230 in the near term."

 

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ABOUT THE AUTHOR
Vipul Das
Vipul Das is a Digital Business Content Producer at Livemint. He previously worked for Goodreturns.in (OneIndia News) and has over 5 years of expertise in the finance and business sector. Stocks, mutual funds, personal finance, tax, and banking are among his specialties, and he is a professional in industry research and business reporting. He received his bachelor's degree from Dr. CV Raman University and also have completed Diploma in Journalism and Mass Communication (DJMC).
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Published: 30 May 2023, 03:47 PM IST
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