Aster DM Healthcare’s shares jumped nearly 5% on Wednesday following the company’s impressive financial results for the first quarter ending June 30, 2024.

Key Financial Highlights

  • Net Profit:
    • Current Quarter: ₹5,152.2 crore
    • Previous Year: ₹20 crore
  • Revenue from Operations:
    • Current Quarter: ₹565.7 crore
    • Previous Year: ₹457.2 crore
    • Increase: 23.7%
  • EBITDA:
    • Current Quarter: ₹101.3 crore
    • Previous Year: ₹83 crore
    • Increase: 22%
  • EBITDA Margin:
    • Current Quarter: 17.95%
    • Previous Year: 18.2%

Performance Details

  • Exceptional Gain: ₹372.7 crore
  • Average Revenue Per Occupied Bed (ARPOB): Exceeded ₹70,000
  • Occupancy at Whitefield Hospital, Bengaluru: 65%
  • Revenue Growth:
    • Karnataka and Maharashtra Cluster: 38% year-on-year
    • Aster Labs: 15% year-on-year

Strategic Developments

  • GCC Business Separation: Completed on April 3, 2024
  • Dividend Received: ₹5,569.96 crore from Affinity Holdings Private Ltd
  • Preference Shares Redemption: ₹1,828.52 crore, resulting in a gain of ₹372.7 crore
Financial Metric Current Quarter Previous Year Change
Net Profit ₹5,152.2 crore ₹20 crore +25,661%
Revenue from Operations ₹565.7 crore ₹457.2 crore +23.7%
EBITDA ₹101.3 crore ₹83 crore +22%
EBITDA Margin 17.95% 18.2% -0.25 percentage points
Exceptional Gain ₹372.7 crore N/A N/A
ARPOB > ₹70,000 N/A N/A
Whitefield Hospital Occupancy 65% N/A N/A
Revenue Growth (Karnataka & Maharashtra) 38% N/A N/A
Revenue Growth (Aster Labs) 15% N/A N/A
Dividend Received from Affinity Holdings ₹5,569.96 crore N/A N/A
Preference Shares Redemption ₹1,828.52 crore N/A N/A
Shares Trading ₹362.30 N/A +4.39%
Market Reaction
  • Shares Trading: 4.39% higher at ₹362.30 on NSE as of 9:50 AM
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TOPICS: Aster DM Healthcare