GPT Healthcare Q3 Profit Jumps Driving Shares Nearly 10% High

Shares of GPT Healthcare Ltd. surged nearly 10% to a two-week high on Wednesday, after its profit jumped in the third quarter.

Net profit of the newly listed company rose 37.4% year-on-year to Rs 11.5 crore in the quarter ended December 2023, according to an exchange filing.

• Revenue up 3.9% to Rs 96.6 crore.

• Ebitda up 4.6% to Rs 22.2 crore.

• Ebitda margin was at 23.0%.

• Net profit up 37.4% to Rs 11.5 crore.

Shares of the company rose as much as 9.90%, the highest level since March 4, before paring gains to trade 6.80% higher at 9:50 a.m. This compares to a 0.23% advance in the NSE Nifty 50.

The stock has declined 10.76% in 12 months. The relative strength index was at 38.48.