Apollo Hospitals Ltd announced a significant 60% year-on-year increase in net profit, reaching Rs 245 crore for the October-December quarter, surpassing estimates. The hospital operator’s net profit for the same period last year stood at Rs 154 crore.
Revenue for the quarter saw a robust growth of 14% year-on-year, reaching Rs 4,878.4 crore compared to Rs 4,264 crore in the corresponding period.
According to a poll of five brokerages collated by Moneycontrol, Apollo Hospitals was expected to report a consolidated net profit of Rs 238.30 crore and revenue of Rs 4,829.30 crore, making the actual results notably higher than anticipated.
In response to the positive performance, the Board of Directors declared an interim dividend of Rs 6 per share (120% of the face value of Rs 5 per share) for the financial year ending March 31, 2024, reflecting the company’s confidence in its financial strength.
As of 3:06 pm, Apollo Hospitals shares were trading at ₹6,213.90, indicating investor confidence in the company’s growth prospects and financial stability.
