Despite reporting a 22 percent year-on-year increase in December profit, shares of Narayana Hrudayalaya witnessed a nearly 5 percent decline in early trade on February 15.
Narayana Hrudayalaya disclosed a 6.7 percent year-on-year rise in revenue for Q3FY24, amounting to Rs 1,203.6 crore. The net profit also saw a significant uptick, reaching Rs 188.1 crore from Rs 153.9 crore.
Additionally, the company’s EBITDA registered a growth of 12 percent year-on-year, amounting to Rs 296.8 crore, as per a regulatory filing after market hours on February 15.
Despite these positive financial indicators, the market response led to a 4.78% decrease in Narayana Hrudayalaya’s shares, which were trading at ₹1,349.15 as of 1:20 pm. Investors are closely monitoring the company’s performance amidst the fluctuating market conditions.
