Apollo Hospitals reported a Rs 169 crore net profit in previous quarter

Apollo hospitals enterprise Ltd is a healthcare chain reported a net profit of Rs 169.89 Cr for the fourth quarter which ended on 31st March, 2021.

The company had posted a consolidated net profit bod 209.60 Cr in the previous corresponding quarter of the fiscal. They also mentioned that their aim is “creating India’s largest omni-channel healthcare platform.

During the regulatory filing AHEL reported revenue was Rs 2922.43 Cr last year. They also said that the bet profit for FY20 stood to 431.80 Cr.

The company also added the divestment of its retail pharmacy business was in favour Apollo pharmacies Ltd, which is a wholly owned subsidiary of AMPL which was effective from 1st September 2020.

The company also invested in the ownership interest in AMPL changed to 25.5% which resulted in loss of control, due to this reason this year’s figures are not comparable with the corresponding year.

AHEL executive Vice chairperson Shobana Kamineni said, “The advent of the digital era has revolutionised healthcare as (we) know it, and will define its future. The Apollo Hospitals Group, as the first adopter of modern healthcare, is perfectly positioned to be at the forefront of this transformation.”

She further added that through their app, the Apollo 24/7, they will be able to deliver medicines, and also consults and diagnostic services for their customers at home. This omni-channel approach allowed us to cater more than 27 crore people in last 500 days.

She lastly stated, “We believe the growth of AHL (and Apollo 24/7) will present a huge potential to serve healthcare consumers into AHEL as a whole, and will give accelerated momentum to all of AHEL’s healthcare verticals, by delivering an integrated and seamless omni-channel experience.”

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