Nifty 17447.6 (1.58%)
Sensex 58618.16 (1.71%)
Nifty Bank 37299.6 (1.86%)
Nifty IT 35942.7 (1.90%)
Nifty Financial Services 18314.15 (1.86%)
Adani Ports 760.00 (2.05%)
Asian Paints 3115.10 (2.80%)
Axis Bank 698.00 (1.60%)
B P C L 391.05 (0.84%)
Bajaj Auto 3310.50 (0.73%)
Bajaj Finance 7341.15 (3.35%)
Bajaj Finserv 17639.00 (3.10%)
Bharti Airtel 712.95 (2.02%)
Britannia Inds. 3555.00 (2.33%)
Cipla 893.25 (0.45%)
Coal India 150.60 (-0.03%)
Divis Lab. 4602.00 (-0.49%)
Dr Reddys Labs 4574.60 (1.19%)
Eicher Motors 2494.95 (0.94%)
Grasim Inds 1718.20 (1.94%)
H D F C 2854.35 (1.31%)
HCL Technologies 1170.65 (1.83%)
HDFC Bank 1549.30 (1.55%)
HDFC Life Insur. 685.05 (-1.35%)
Hero Motocorp 2491.00 (1.19%)
Hind. Unilever 2333.00 (0.49%)
Hindalco Inds. 452.60 (2.28%)
I O C L 120.35 (-0.21%)
ICICI Bank 756.80 (3.02%)
IndusInd Bank 944.45 (1.92%)
Infosys 1745.65 (1.99%)
ITC 222.90 (1.02%)
JSW Steel 669.95 (1.41%)
Kotak Mah. Bank 1938.85 (0.09%)
Larsen & Toubro 1832.70 (1.92%)
M & M 832.00 (0.73%)
Maruti Suzuki 7292.60 (1.47%)
Nestle India 19404.85 (0.31%)
NTPC 126.80 (1.16%)
O N G C 148.55 (1.82%)
Power Grid Corpn 205.00 (-0.39%)
Reliance Industr 2420.95 (1.64%)
SBI Life Insuran 1164.40 (0.45%)
Shree Cement 26177.25 (1.67%)
St Bk of India 489.40 (2.66%)
Sun Pharma.Inds. 753.00 (1.25%)
Tata Consumer 765.10 (0.58%)
Tata Motors 490.55 (1.82%)
Tata Steel 1170.95 (1.93%)
TCS 3631.25 (1.30%)
Tech Mahindra 1604.20 (1.75%)
Titan Company 2396.85 (0.68%)
UltraTech Cem. 7411.20 (1.53%)
UPL 728.25 (0.18%)
Wipro 641.55 (1.45%)
Buzzing Stock: Apollo Hospitals surges 9% after four-fold jump Q2FY22 net profit
by 5paisa Research Team 15/11/2021

The company is seeing a shift in the trend with an increase in non-COVID-19 revenue and a pick-up in surgical volumes.

Apollo Hospitals and Enterprises shares were up by 9% during intraday trade on Monday and neared their all-time high of Rs 5183.30 after the healthcare major reported a four-fold increase in net profit for the quarter.

The company reported a topline growth of 34.64% to Rs 3,717.07 crore in Q2FY22 from Rs 2,760.72 crore posted in Q2FY21. PBIDT (Ex OI) jumped 105.11% to Rs 614.99 crore in Q2 FY22 from Rs 299.84 crore reported in Q2FY21 and the corresponding margin grew by 568 basis points to 16.5% in Q2 FY22 from 10.9% in Q2 FY21. Consolidated net profit was up 311.11% YoY to Rs 247.82 crore during the quarter.

On the operational front, the company said that occupancy across the group was at 4,984 beds in Q2FY22 (representing 65% occupancy) as compared to 4,119 beds (representing 56% occupancy) in Q2FY21. The Q2FY22 occupancy in mature hospitals was at 3,518 beds (representing 65% occupancy). New hospitals had an occupancy of 1,466 beds (representing 66% occupancy) in Q2FY22. Meanwhile, the inpatient volumes across the group increased by 46% to 120,105 in Q2 FY22 from 82,153 reported in the previous year.

Commenting on the performance, Apollo Hospitals Group Charmain, Prathap C Reddy stated that, "Company saw patients confidently returning to the hospitals including the OPDs and inpatient admissions. The trend has started to shift with an increase in non-COVID-19 revenue and a pick-up in surgical volumes." 

Headquartered in Chennai, Apollo Hospitals Enterprise Ltd engages in the operation and management of hospitals, diagnostic centres and pharmacies. It operates through the segments of Healthcare, Pharmacy Distribution, Clinics, and others.

At 2.18 pm on Monday, the stock of Apollo Hospitals and Enterprises was seen trading at Rs 5112.80, up by 9.51% or Rs 443.85 per share on BSE. The 52-week high of the scrip is recorded at Rs 5,183.30 and the 52-week low at Rs 2,111.20 on the BSE.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Start Investing Now!

Open Free Demat Account in 5 mins

 
 
There is some issue, try later