Companies

Apollo Hospitals’ fourth quarter net profit grows 29% to ₹76.68 cr

Chennai | Updated on May 30, 2019 Published on May 30, 2019

Apollo Hospitals reported a 29 per cent increase in its standalone net profit to ₹76.68 crore for the fourth quarter ended March 31, against the ₹59.64 crore recorded during the same period last year.

For FY19, the Chennai-based hospital’s net profit grew 30 per cent to ₹302.76 crore (₹233.20 crore). Standalone revenue from operations for the fiscal year ended March 2019 increased 16 per cent to ₹8,337 crore against the ₹7,183 crore recorded a year ago.

As of March 31, Apollo Hospitals had over 7,200 beds across the network (excluding Apollo Health & Lifestyle-managed beds). Thirteen of its hospitals are new hospitals with 1,790 beds.

“I am pleased that we have consolidated our position as India’s largest private healthcare provider in FY18-19, with our numbers signalling robust growth across verticals,” said Prathap C Reddy, Chairman, Apollo Hospitals.

Apollo’s standalone revenue for the fourth quarter grew 16 per cent to ₹2,167 crore compared with ₹1,863 crore for the same period previous year. The company said the revenue growth was aided by the healthcare services and standalone pharmacies (SAP) segments which grew 15 per cent and 18 per cent, respectively. In FY19, the company added 490 stores and closed 83.

The total operational stores as of March 31, stood at 3,428. Revenues from SAP stood at ₹3,886 crore in FY19, up from ₹3,268 crore in FY18. EBITDA (earnings before interest, tax, depreciation and amortisation) for standalone pharmacies grew 37 per cent from ₹148 crore in FY18 to ₹203 crore in FY19.

EBITDA for the hospital business stood at ₹1,018 crore in FY19 compared with ₹829 crore in FY18. EBITDA was higher by 23 per cent on a year-on-year basis.

Published on May 30, 2019
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