Apollo Hospitals shares jumped more than 5% in the morning after the company reported strong Q2 results. The company recorded a remarkable 59% increase in consolidated net profit, reporting Rs 395.70 crore for the quarter ending September 2024, up from Rs 248.80 crore in the same period last year.
Apollo’s revenue rose to Rs 5589.3 crore, marking an impressive increase from Rs 4846.9 crore in Q2 of the previous year. The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at Rs 815.5 crore, reflecting a healthy margin of 14.16%.
As of 9:16 am, Apollo Hospitals shares were trading 5.52% higher at Rs 7350.00 on the NSE.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
