Healthcare major Apollo Hospitals Enterprise on Monday reported a 49% year-on-year (YoY) jump in consolidated net profit for the third quarter at Rs 379 crore driven by higher revenues from hospitals and Apollo 24/7. The company’s net profit, however, was down sequentially from Rs 396 crore posted in Q2FY25.
Consolidated revenue from operations went up by 14% YoY to Rs 5,527 crore during the October-December quarter. “With Q3FY25 revenues rising by 14% to Rs 5,527 crore and EBITDA by 24% to Rs 762 crore, our performance is a testament to our commitment of a healthier India by bringing cutting edge technologies to everyone who needs it,” Prathap C Reddy, Chairman, Apollo Hospitals Enterprise said in an earnings release.
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Of the total revenues, healthcare services (hospitals) grew by 13% to Rs 2,785 crore while Apollo Health & Lifestyle Ltd, which includes clinics, diagnostics and daycare business grew at 15% to Rs 390 crore. Revenues of Apollo HealthCo (digital health and pharmacy distribution business) stood at Rs 2,352 crore, growing by 15% YoY. The gross merchandise value of Apollo 24/7 stood at Rs 760 crore during the quarter.
As of December 2024, Apollo Hospitals had 7,996 operating beds across the network (excluding AHLL & managed beds). The overall occupancy for hospitals was at 68% vs 66% in the same period in the previous year. “We are on track to add 3,512 beds across 11 locations over 3-4 years beginning FY26,” Reddy added.
Shares of Apollo Hospitals closed flat at Rs 6,792.95 on NSE.
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