Apollo Hospitals Q1 Results Review - Superior Execution Across Segments: Motilal Oswal

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Apollo Hospitals Enterprise Ltd. delivered in-line Q1 FY25 performance. The hospital business was largely driven by higher volume of in-patients/out-patients, while Apollo Health and Lifestyle Ltd. continued to post healthy sales/profitability across diagnostics, primary and secondary care segments. Apollo Hospitals continued to reduce operational costs at Healthco. However, gross merchandise value growth moderated.We raise our FY25 earnings estimate by 4%, factoring in better profitability in Apollo Health and Lifestyle and reduced opex in Apollo 24/7. We value Apollo Hospitals on SOTP basis (30 times 12 months fwd enterprise value/Ebitda hospital business, 12 months fwd enterprise value/Ebitda for Apollo Health and Lifestyle, 22 times 12 months fwd enterprise value/Ebitda for front end pharmacy) to arrive at a target price of Rs 7,940.The company is implementing efforts to commission acquired hospitals after refurbishing/adding medical equipment, get regulatory approval for its greenfield hospital project, and optimize Apollo 24/7 business. Accordingly, we estimate a 21% Ebitda compound annual growth rate and a 41% earnings compound annual growth rate over FY24-26. Maintain 'Buy'..Click on the attachment to read the full report:.Passive Foreign Flows Into India Via EM Indices To Rise, Says Macquarie's Aditya Suresh.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Apollo Hospitals Q1 Results Review - Superior Execution Across Segments: Motilal Oswal

Better volume growth, reduced Healthco losses drive earnings, says the brokerage.

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Apollo Hospitals Q1 Results Review - Superior Execution Across Segments: Motilal Oswal

Better volume growth, reduced Healthco losses drive earnings, says the brokerage.

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