Jupiter Lifeline, Metropolis, Thyrocare Remains ICICI Securities' Top Stock Picks In Healthcare; Know Why

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..ICICI Securities Report.Hospitals under our coverage posted a strong ~15.1%/29% YoY jump in revenue/Ebitda in a seasonally strong quarter. Average revenue per occupied bed of our coverage multi-specialty hospitals grew between 2–9% driven by better surgical mix and price hikes. Lower average length of stay at Krisha Institute of Medical Science Ltd. and Healthcare Global Enterprises Ltd. dented their occupancies (down 20/1,136 bps) while Apollo and Fortis showed a robust rise of 300–500 bps. Network expansion remains a key priority across most hospital chains; we believe, KIMS and Jupiter Lifeline are better placed within the pack. Diagnostic chains reported ~14.5%/18.8% YoY jump in revenue/Ebitda in Q2 FY25. Test volume growth for larger chains such as Dr Lal and Metropolis was modest between 8–9% while organic growth for Vijaya/Thyrocare was faster at 22.1%/14.3%. Our top picks: Jupiter Lifeline Hospitals, Metropolis and Thyrocare..Metropolis: The company is on a rapid expansion spree. Metropolis is also actively scouting for an inorganic opportunity (merger and acquisition), which may increase scale and growth. Impact of network expansion is in its last leg; it is on track to add 25 labs and 500 centres in FY25..Jupiter LifelineOperationalised 22 beds at Pune hospital and will likely add 75 additional beds at Indore Hospital by Q4 FY25.Blended occupancy surged to 67.2% in H1 FY25 versus 62.3% YoY.  ARPOB rose 8.7% YoY (-3.4% QoQ) to Rs 57,700. Construction of a greenfield hospital at Dombivli is progressing as per schedule and is expected to commence operations in FY26. It is likely to receive all the approvals for its second hospital in Pune in Q4 FY25, and construction is expected to commence by early Q1 FY26..Click on the attachment to read the full report:.Stocks To Buy: Havells, Polycab Among Dolat Capital's Top Picks In Consumer Durables, EMS Sector.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.

Jupiter Lifeline, Metropolis, Thyrocare Remains ICICI Securities' Top Stock Picks In Healthcare; Know Why

Network expansion remains a key priority across most hospital chains; ICICI Securities believes, KIMS and Jupiter Lifeline are better placed within the pack.

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Jupiter Lifeline, Metropolis, Thyrocare Remains ICICI Securities' Top Stock Picks In Healthcare; Know Why

Network expansion remains a key priority across most hospital chains; ICICI Securities believes, KIMS and Jupiter Lifeline are better placed within the pack.

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