Apollo Hospitals' consolidated PAT will increase by 60% in Q3 FY24
Apollo Hospitals has reported a consolidated revenue after tax (PAT) of Rs2.45 billion ($29.49 million) within the third quarter (Q3) of fiscal yr (FY) 2024, up 60% from Rs1.53 billion in Q3 FY23.
Within the three months ended December 2023, the hospital operator's revenues totaled Rs48.51 billion. This represented a rise of 14% from Rs42.63 billion in the identical quarter a yr in the past.
This group income progress was largely attributed to Apollo Hospitals' healthcare providers division, the place consolidated income rose 12% to Rs24.64 billion in Q3 FY2024 from Rs21.94 billion in Q3 FY2023.
The group's earnings earlier than curiosity, taxes, depreciation and amortization (EBITDA) stood at Rs6.14 billion within the third quarter of FY2024, up 21% from Rs5.05 billion within the corresponding quarter of FY2023.
This EBITDA worth contains prices associated to Apollo 247, which amounted to Rs1.56 billion within the quarter.
For the year-to-date (YTD) interval of FY2024, Apollo Hospitals' consolidated PAT stood at Rs6.45 billion, down from Rs6.75 billion within the earlier yr.
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The corporate, which operates over 70 hospitals throughout India, noticed its income attain Rs141.15 billion within the YTD interval ending December FY 2024, up 15% from Rs123.1 billion a yr in the past.
YTD EBITDA rose 12% year-on-year to Rs17.5 billion, after considering Apollo 247 prices of Rs5.57 billion, in comparison with Rs15.62 billion within the earlier yr.
As of December 31, 2023, Apollo Hospitals had 7,911 operational beds in its community, excluding its subsidiary Apollo Well being and Life-style Restricted and managed beds.
Of those, 2,528 have been new, with 1,584 occupied beds.
The general hospital occupancy price was 65%, in comparison with 64% final yr, because of a rise in affected person flows throughout the community.
Apollo Hospitals Group Chairman Dr. Prathap C Reddy stated, “Within the pursuit of a more healthy nation, Apollo stays steadfast in its perception within the significance of preventive healthcare.
“Created by skilled physicians, this program combines medical experience with synthetic intelligence to judge general well being, predict danger and information people on a customized path to wellness.”