Apollo Hospitals Enterprise Q1 Results: Profit Surges 82%, Meets Estimates
Ebitda margin expanded to 13.3% in the June quarter versus 11.5% in the year-ago period.
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Apollo Hospitals Enterprise Ltd.'s consolidated net profit jumped 82% in the first quarter of the current financial year and was in line with analysts' estimates.
The company posted a profit of Rs 315 crore in the quarter ended June, according to an exchange filing on Tuesday. Analysts tracked by Bloomberg had estimated a profit of Rs 300 crore.
Apollo Q1 FY25 Earnings Highlights (Consolidated, YoY)
Revenue up 15% to Rs 5,086 crore versus Rs 4,418 crore (Bloomberg estimate: Rs 5,089 crore).
Ebitda up 33% to Rs 675 crore versus Rs 509 crore (Estimate: Rs 698 crore).
Ebitda margin at 13.3% versus 11.5% (Estimate: 13.7%).
Net profit up 82% to Rs 315 crore versus Rs 173 crore (Estimate: Rs 300 crore).
Healthcare Services (Hospitals)
Consolidated revenues of the healthcare services division increased 15% to Rs 2,637.3 crore in Q1 compared to Rs 2,293.7 crore in Q1 FY24.
Ebitda was at Rs 621.7 crore in Q1 FY25 compared to Rs 542.3 crore in Q1 FY24. The Ebitda was higher by 15 % year-on-year.
As on June 30, Apollo Hospitals had 7,942 operating beds across the network.
The overall occupancy for hospitals was at 68% versus 62% in the same period in the previous year, aided by a strong increase in patient flows across hospitals, with inpatient volume increasing 11% and outpatient new registrations rising 13%.
Apollo Health & Lifestyle Ltd.
AHLL gross revenue at Rs 366.1 crore, 15% year-on-year growth.
The diagnostics business has an overall network of over 2,300 centres and spread across 300 cities serving over 15,000 customers daily.
Diagnostics revenue stood at Rs.116.4 crore and Spectra at Rs.74.3 crore.
Apollo HealthCo
Apollo HealthCo entered into a binding agreement to raise equity capital of almost $300m from private equity investor Advent International.
Offline pharmacy distribution revenues at Rs 1,836.9 crore in Q1 FY25, while revenues from figital platform were at Rs 245.2 crore.
Overall HealthCo revenue was at Rs 2,082.1 crore representing a 15% YoY growth.
44 net new stores were opened in this quarter, taking the total number to 6,074 stores.
GMV of Apollo 24/7 at Rs 695.4 crore in Q1 FY25, growth of 9% over Q1FY24.
Shares of Apollo Hospitals closed 1.26% higher at Rs 6,586.55 apiece on the BSE, as compared with a 0.87% decline in the benchmark Sensex.
