Apollo Hospitals reported a strong 59% year-on-year rise in net profit for the July-September quarter, reaching Rs 395.70 crore, driven by higher demand for healthcare services. This is up from Rs 248.80 crore in the same quarter last year.
Revenue also grew by 13% to Rs 5,589.3 crore compared to Rs 4,846.9 crore in the previous fiscal year. The company’s EBITDA stood at Rs 815.5 crore, with a margin of 14.16%. Apollo’s occupancy increased to 73% from 68% last year, as it operated a total of 7,994 beds across its hospitals as of September.
Apollo’s shares closed slightly higher on the NSE at Rs 6,969.95, up by a marginal 0.052% on November 6.
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Source: Moneycontrol
News Desk
