Companies

Apollo Hospitals reports 6% rise in profit; expands pharmacy network

| Updated on: Nov 12, 2014

Revenue rises 18% to ₹1,153 crore

Apollo Hospitals Enterprise has reported a 6 per cent increase in net profit to ₹92 crore as against ₹87 crore in the corresponding quarter last year. Revenue increased by 18 per cent to ₹1,153 crore (₹975 crore).

Occupancy

During the quarter, the company had allotted 2,000 secured, redeemable non-convertible debentures of face value ₹10 lakh each aggregating to ₹200 crore on private placement basis, the healthcare company said in its results statement filed with the Bombay Stock Exchange. The overall healthcare services grew 13 per cent year-on-year.

The Chennai cluster showed a growth in occupancy of 949 beds (71 per cent utilization on an increased capacity of 1,342 beds) in the first half of the current financial year as compared to 901 beds (73 per cent utilisation) in the same period last year.

The Hyderabad cluster showed occupancy of 608 beds (65 per cent utilisation of 930 beds) in the first half as compared to 622 beds (67 per cent utilisation).

During the quarter, Apollo Pharmacies added 61 stores and closed eight stores for a net addition of 53 stores.

The total store network as on September 30 stands at 1,717 operational stores, said a company press release.

Leveraging technology

Prathap C Reddy, Chairman of Apollo Hospitals, in the release, said the company has made progress in expanding its network of hospitals, pharmacies and retail healthcare centres.

“We have and will continue to leverage technology to overcome the limitations to delivery of healthcare service. Initiatives like ‘Ask Apollo’ and ‘eAccess’ have enhanced healthcare accessibility by overcoming doctor availability and thereby improving efficiency for patients and healthcare service providers alike,” he said.

Published on November 25, 2017

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