Shalby Says Confident Of Outdoing Peers As It Scouts For Acquisition
The company reported a year-on-year fall of 24% in net profit at Rs 1.1 crore in Q3.
Shalby Ltd. is confident of outperforming peers in the coming quarters as older hospitals are starting to report positive operating income, Chief Executive Officer Ravi Bhandari said.
The Ahmedabad-based company, which listed last month, reported a 24 percent year-on-year drop in net profit at Rs 1.1 crore in during the three-month period ending December.
“The profit after tax is not comparable, since last year during the same quarter, we had taken credit of Rs 22 crore,” Bhandari said.
Bhandari said the hospital chain operator repaid close to Rs 300 crore of debt. He said the company is looking at acquisitions in the central, east and northern parts of the country. "We are already in talks with four-five companies for acquisition."
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