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This Article is From Nov 18, 2024

Global Health Q2 Results Review - Elevating The Opportunity In Underserved Micro Markets: Axis Securities

Global Health Q2 Results Review - Elevating The Opportunity In Underserved Micro Markets: Axis Securities
Medanta hospital building. (Source: Company website).
STOCKS IN THIS STORY
Global Health Ltd
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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.

Axis Securities Report

Global Health Ltd. reported revenue of Rs 957 crore, exceeding our expectations, driven by a flat average revenue per occupied bed and a slight increase in occupancies. ARPOB increased to Rs 62,140, up 1.9% YoY, while occupancies improved by 623 bps YoY.

The higher occupancy rates were primarily due to an 8% YoY growth in IPD volumes. The company's topline grew by 13.3% YoY, with realisation rising by 1.9%. Ebitda margins were 24.5%, down 140 bps YoY but showed a sequential improvement of 231 bps. Reported PAT stood at Rs 131 crore, marking a 4.4% YoY increase due to improved operating leverage.

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