Apollo Hospitals Ltd. posted a 42% rise in its net profit in the first quarter of this financial year, beating analysts’ expectations.
The company has posted a consolidated bottom-line of Rs 433 crore in quarter ended June. This is in comparison to a profit of Rs 305 crore in the same quarter of the previous fiscal year, according to its stock exchange notification on Tuesday.
Analysts tracked by Bloomberg expected the hospital chain to remain profitable, as they had a consensus estimate of Rs 377.2 crore.
Revenue increased by 14.9% year-on-year for the three months ended June, reaching Rs 5,842 crore. Operating income, or earnings before interest, taxes, depreciation, and amortisation, rose 26.2% year-on-year to Rs 852 crore. The Ebitda margin expanded to 14.6%.