More

    Apollo Hospitals shares in focus on posting 52% YoY profit growth in Q3



    [

    Shares of Apollo Hospitals Enterprise will be in focus after it reported a 52% year-on-year (YoY) increase in its consolidated net profit, reaching Rs 372 crore for the December 2024 quarter, driven by higher sales.

    The company posted a net profit of Rs 245 crore in the same period of the previous fiscal year.

    Revenue from operations grew to Rs 5,527 crore in Q3, up from Rs 4,851 crore a year earlier, according to a regulatory filing.

    The healthcare giant is on track to add 3,512 beds across 11 locations over the next 3-4 years, starting from FY26.

    Apollo Hospitals Enterprise Chairman, Prathap C. Reddy, highlighted that the results reflect the company’s growth and commitment to providing quality healthcare as a fundamental right, not a privilege. He also mentioned the strategic partnership with Microsoft to accelerate AI-driven healthcare transformation and the collaboration with the University of Leicester to equip healthcare professionals with top-tier skills.

    The company’s board has declared an interim dividend of Rs 9 per share (180% of the face value of Rs 5 each) for the financial year ending March 31, 2025, with the record date for dividend payment set for February 15, 2025.The company’s digital health and pharmacy segment, which provides online consultations and operates the Apollo 24/7 platform, saw a 14.8% YoY increase in revenue.Shares of the hospital major rose 5.03% and underperformed its sector by 13.64% in the past year. Meanwhile, shares of the company offered 47.28% returns in the last three years. According to Trendlyne, the stock has worse one-year returns than Sector, Industry, Sensex and Nifty50.

    https://img.etimg.com/thumb/msid-118131470,width-1200,height-630,imgsize-26812,overlay-etmarkets/articleshow.jpg
    https://economictimes.indiatimes.com/markets/stocks/news/apollo-hospitals-shares-in-focus-on-posting-52-yoy-profit-growth-in-q3/articleshow/118131478.cms

    Latest articles

    spot_imgspot_img

    Related articles

    Leave a reply

    Please enter your comment!
    Please enter your name here

    spot_imgspot_img