Hot Pursuit     11-Aug-23
Apollo Hospitals Q1 PAT slumps 47% YoY to Rs 167 cr
The healthcare major's consolidated net profit slipped 47.48% to Rs 166.6 crore in Q1 FY24 as compared to Rs 317.2 crore in Q1 FY23.
However, revenue from operations stood at Rs 4,417.8 crore during the quarter, up 16.39% from Rs 3,795.6 crore recorded in the same period last fiscal.

Profit before tax rose 6.13% year on year (YoY) to Rs 270 crore in the quarter ended 30 June 2023.

During the quarter, the company's revenue from Healthcare Services was Rs 2,310.7 crore (up 13.71% YoY) and revenue from Digital Health & Pharmacy Distribution was Rs 1,805.4 crore (up 22.05% YoY) and the revenue from Retail Health & Diagnostics stood at Rs 318.7 crore (up 8.77% YoY).

As on 30 June 2022, Apollo Hospitals had 7,798 operating beds across the network (excluding AHLL & managed beds), out of which 14 hospitals were new with 2,380 operating beds. The new hospitals have a utilization of over 60% and are expected to witness double digit growth in volumes and improvement in utilization and profitability going forward.

Apollo Hospitals Enterprise is a private sector healthcare provider. It owns and operates hospitals across the country.

Shares of Apollo Hospitals Enterprise declined 0.06% to Rs 4,918 on the BSE.

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