Healthcare main Apollo Hospitals Enterprise on Friday reported a 46.6 per cent year-on-year (YoY) decline in consolidated web revenue at Rs 173 crore within the first quarter of FY24 amid greater bills. The corporate, in a regulatory submitting to inventory exchanges, had posted a consolidated web revenue of Rs 324 crore in the identical interval final fiscal.
Whole bills surged 18 per cent YoY to Rs 4,181.9 crore, in comparison with Rs 3,545 crore within the year-ago quarter of final fiscal, which dragged down the earnings.
It posted income from operations at Rs 4417.80 crore, up 16.4 per cent compared to Rs 3795.60 crore throughout Q1FY23. The corporate EBITDA stood at Rs 509.1 crore for the June quarter of FY24.
Revenues of the healthcare division rose 13 per cent to Rs 2,294 crore within the Q1 in comparison with Rs 2,023 crore in the identical quarter of final yr.
Income from current hospitals surged 10 per cent, whereas that from the brand new hospitals rose 23 per cent through the reporting interval.
At 3.15 PM, shares of Apollo Hospitals Enterprise Restricted have been buying and selling at Rs 4,902.00 apiece, down by 0.42 per cent. In 2023, the inventory has gained 10.45 per cent to this point. Within the final month, the share costs have declined 6.39 per cent.
The market capitalisation of Apollo Hospital is Rs 70,809.63 crore. The 52-week excessive for the inventory is Rs 5,362 and the 52-week low is Rs 3989.1.
