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New hospitals and its pharmacy business have helped push up the profits and turnover of Apollo Hospitals in the fourth quarter.
Net profit grew 25 per cent to Rs 59 crore over the corresponding quarter last year. Revenue was up 20 per cent, to Rs 744 crore.
In the quarter, healthcare services (hospitals) revenue grew 15 per cent to Rs 507 crore. While the Chennai cluster displayed healthy revenue growth, a big push also came from the new hospitals of Hyderabad and Bhubaneswar which have seen higher utilisation and increased footfalls, said Mr Akhileswaran Krishnan, Chief Financial Officer.
The standalone pharmacy business clocked a revenue growth of 30 per cent to Rs 237 crore. The company added 74 pharmacy stores and closed seven underperforming stores in the fourth quarter. This takes the total network to 1,364 stores.
Financial year
For the year ended March 31, Apollo Hospitals' net profit grew 27 per cent to Rs 231 crore. Revenues moved up 20 per cent to Rs 2,800 crore.
Healthcare services grew 16 per cent to Rs 1,940 crore, while pharmacy grew 30 per cent to Rs 860 crore. The hospital group added 350 beds this year. In the last 18 months, the group has added 800 beds, which have contributed significantly to growth, said Mr Krishnan.
During the financial year, Apollo Munich Health Insurance achieved a gross written premium of Rs 476 crore, from Rs 285 crore the previous year. The BPO arm Apollo Health Street reported revenues Rs 490 crore (Rs 447 crore).
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