| Log in

Apollo Hospitals’ net profit up 13.2%; revenues rise 15% in Q1 led by pharmacy business

07 August, 2013

Chennai-based and public-listed Apollo Hospitals Enterprise Ltd, the largest hospital chain operator in the country and the top hospital firm by market capitalisation, has reported 13.19 per cent growth in net profit to Rs 78.94 crore for the first quarter ended June 30, 2013, over the year-ago period, backed by healthy growth in revenues.

The firm reported 15 per cent increase in revenues for the first quarter to Rs 895.04 crore, compared to Rs 777.39 crore reported for Q1 FY13. 

The company also said that Shashank Singh, who represented the private equity firm Apax Partners on the board of Apollo, had resigned. This follows the exit of the PE firm from its six-year-old investment in Apollo earlier this year.

Business segments

The company recorded highest growth in revenue from its pharmacy business. It reported 22.83 per cent rise in revenue for Q1 FY14 at Rs 304.22 crore as compared to Rs 247.66 crore clocked for Q1 FY13. Margins rose in the pharmacy business with the segment profit growing 71.5 per cent in the same period to Rs 6.5 crore.

The revenue for its key hospitals business grew 11.5 per cent to Rs 590.89 crore for Q1 FY14 as compared to Rs 529.90 crore for Q1 FY13. However, its margins from the hospital services unit shrank with the segment profit growing 7.1 per cent to Rs 108.7 crore during the quarter.

(Edited by Sanghamitra Mandal)


Leave Your Comment
Jubilant Life Sciences reports Rs 53Cr net loss weighed by MTM losses; revenues up 9% in Q1

Jubilant Life Sciences reports Rs 53Cr net loss weighed by MTM losses; revenues up 9% in Q1

TEAM VCC 4 years ago
Jubilant Life Sciences Ltd reported 9 per cent rise in revenues to Rs 1,358...
Apollo Hospitals PAT up 4%, revenue rises 16.5%; Fortis' India revenue increases 22% in Q2

Apollo Hospitals PAT up 4%, revenue rises 16.5%; Fortis’ India revenue increases 22% in Q2

TEAM VCC 4 years ago
Apollo Hospitals Enterprise Ltd, largest hospital chain in India by market...
Fairbridge-controlled Thomas Cook India now derives majority of revenues from HR services

Fairbridge-controlled Thomas Cook India now derives majority of revenues from HR services

TEAM VCC 4 years ago
Travel services firm Thomas Cook (India) Ltd saw its net profit inch up to Rs 32...
No Comments

Apollo Hospitals’ net profit up 13.2%; revenues rise 15% in Q1 led by pharmacy business

Powered by WordPress.com VIP