Apollo Hospitals Q2 Results Review - Hospital Business, Apollo 24/7 Drive Earnings: 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 Hospital and Enterprise Ltd. delivered better-than-expected Q2 FY25 on account of improved occupancy and reduced operating costs at Healthco. The performance was partly impacted by reduced patient flow from Bangladesh due to ongoing political issues. The higher medical mix compared to the surgical mix led to moderate YoY growth in average revenue per occupied bed for the quarter..We raise our earnings estimate by 9%/3%/3% for FY25/FY26/FY27 to factor in: reduced marketing cost driving better profitability in Healthco, increased patient flow in the hospital business driving better operating leverage, and additional business from insurance products/concierge services in Healthco. We value Apollo Hospitals on an SOTP basis (34 times EV/Ebitda for hospital business, 15 times EV/Ebitda for retained pharmacy, 22x EV/Ebitda for front-end pharmacy, 15x EV/Ebitda for retained pharmacy, and 2x EV/sales for Apollo 24/7) to arrive at a target price of Rs 8,660..Click on the attachment to read the full report:.Trent Q2 Review - Robust Growth, Albeit Weaker Than Lofty Expectations On Store Consolidation: Motilal Oswal.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 Q2 Results Review - Hospital Business, Apollo 24/7 Drive Earnings: Motilal Oswal

Reduced patient flow from Bangladesh has impacted Tamil Nadu cluster volume growth during the quarter, says the brokerage.

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Apollo Hospitals Q2 Results Review - Hospital Business, Apollo 24/7 Drive Earnings: Motilal Oswal

Reduced patient flow from Bangladesh has impacted Tamil Nadu cluster volume growth during the quarter, says the brokerage.

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