Narayana Hrudayalaya Q4 Results Review - Ebitda Miss Led By India Business: Prabhudas Lilladher

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..Prabhudas Lilladher Report.Narayana Hrudayalaya Ltd. reported Ebitda at Rs 2.95 billion (up 7% YoY), 5% below our estimate. Cayman business continues to reported healthy profitability at Rs 1.2 billion; up 19% YoY. While India business reported muted profitability at Rs 1.8 billion; up 4% YoY led by higher losses in NHIC and lower IP volumes. Narayana Hrudayalaya reiterates its aggressive capex plan mainly towards its core and high performing regions such as Bangalore, Kolkata and Cayman which enhances growth visibility. Despite capex intensity going up, return on equity/return on capital employed will remain healthy at ~23%. Our FY25E and FY26E Ebitda stands reduced by ~3%. We maintain ‘Buy’ rating with a revised target price of Rs 1,335/share, based on 23 times FY26E enterprise value/Ebitda for India business and 12 times EV/Ebitda for Cayman hospitals. At current market price, stock is trading at valuations of 18 times EV/Ebitda (adjusted for IND AS). Faster ramp up in new Cayman unit (operationalize from H1 FY25) will be a key..Click on the attachment to read the full report:.Fortis Healthcare Q4 Results Review - Hospital Margins Ascending: ICICI Securities.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.

Narayana Hrudayalaya Q4 Results Review - Ebitda Miss Led By India Business: Prabhudas Lilladher

Booked Rs 116 million of loss from its clinics and insurance business.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

Narayana Hrudayalaya Q4 Results Review - Ebitda Miss Led By India Business: Prabhudas Lilladher

Booked Rs 116 million of loss from its clinics and insurance business.

Choose a plan

Follow Us

DOWNLOAD THE APP