Apollo Hospitals Enterprise Ltd., a leading healthcare provider in India, has reported a significant increase in its financial performance for the third quarter ending December 31, 2024. The company's consolidated net profit surged by 51.8% year-on-year, reaching ₹3.72 billion (approximately $42.5 million), surpassing analysts' expectations of ₹3.51 billion.
This impressive growth is primarily attributed to higher occupancy rates across Apollo's network of hospitals. The overall occupancy rate rose to 68% from 66% in the same period the previous year, driven by a substantial increase in patient inflows. Additionally, there was a notable rise in surgery volumes, further contributing to the company's robust performance.
The healthcare services segment, which accounts for more than half of Apollo's total revenue, experienced a 12.9% increase, propelling the overall revenue up by 14% to ₹55.27 billion. This figure slightly exceeded analysts' projections of ₹55.23 billion.
Apollo's digital health and pharmacy vertical, encompassing the Apollo 24/7 platform, also demonstrated strong performance with a 14.8% year-on-year revenue growth. This segment offers online consultations and pharmacy services, reflecting the company's successful integration of digital solutions to meet evolving patient needs.
Looking ahead, Apollo Hospitals is on track to expand its capacity by adding 3,512 new beds over the next three to four years, starting from the fiscal year 2026. This strategic expansion aims to meet the growing demand for healthcare services across India.
In terms of regional performance, the Andhra Pradesh and Telangana region led with a 24% revenue growth, a 15% increase in inpatient volume, and a 9% rise in Average Revenue Per Occupied Bed (ARPOB) to ₹63,013. Occupancy in this region also saw a significant jump to 66%. The Karnataka region reported a 17% revenue growth with a 71% occupancy rate, while the Eastern region's revenue increased by 8% with stable occupancy levels.
The company's board has declared an interim dividend of ₹9 per share, with February 15 set as the record date. The dividend is scheduled to be paid by February 28.
Apollo Hospitals' strong financial results underscore its commitment to providing quality healthcare services and its strategic focus on expanding capacity to meet increasing patient demand. The company's integrated approach, combining traditional healthcare services with digital innovations, positions it well for sustained growth in the evolving healthcare landscape.
Source: marketscreener
#ApolloHospitals #HealthcareGrowth #HospitalIndustry #HealthcareDemand #MedicalExcellence #IndiaHealthcare #PatientCare #HealthcareInnovation #DigitalHealth #HealthcareExpansion #MedicalServices #HealthcareNews #HealthcareMarket #Apollo24x7 #HospitalRevenue #MedicalTechnology #HealthTech #HealthcareInvestment #QualityHealthcare #HealthcareUpdates #dseidehealthcarenetwork
This impressive growth is primarily attributed to higher occupancy rates across Apollo's network of hospitals. The overall occupancy rate rose to 68% from 66% in the same period the previous year, driven by a substantial increase in patient inflows. Additionally, there was a notable rise in surgery volumes, further contributing to the company's robust performance.
The healthcare services segment, which accounts for more than half of Apollo's total revenue, experienced a 12.9% increase, propelling the overall revenue up by 14% to ₹55.27 billion. This figure slightly exceeded analysts' projections of ₹55.23 billion.
Apollo's digital health and pharmacy vertical, encompassing the Apollo 24/7 platform, also demonstrated strong performance with a 14.8% year-on-year revenue growth. This segment offers online consultations and pharmacy services, reflecting the company's successful integration of digital solutions to meet evolving patient needs.
Looking ahead, Apollo Hospitals is on track to expand its capacity by adding 3,512 new beds over the next three to four years, starting from the fiscal year 2026. This strategic expansion aims to meet the growing demand for healthcare services across India.
In terms of regional performance, the Andhra Pradesh and Telangana region led with a 24% revenue growth, a 15% increase in inpatient volume, and a 9% rise in Average Revenue Per Occupied Bed (ARPOB) to ₹63,013. Occupancy in this region also saw a significant jump to 66%. The Karnataka region reported a 17% revenue growth with a 71% occupancy rate, while the Eastern region's revenue increased by 8% with stable occupancy levels.
The company's board has declared an interim dividend of ₹9 per share, with February 15 set as the record date. The dividend is scheduled to be paid by February 28.
Apollo Hospitals' strong financial results underscore its commitment to providing quality healthcare services and its strategic focus on expanding capacity to meet increasing patient demand. The company's integrated approach, combining traditional healthcare services with digital innovations, positions it well for sustained growth in the evolving healthcare landscape.
Source: marketscreener
#ApolloHospitals #HealthcareGrowth #HospitalIndustry #HealthcareDemand #MedicalExcellence #IndiaHealthcare #PatientCare #HealthcareInnovation #DigitalHealth #HealthcareExpansion #MedicalServices #HealthcareNews #HealthcareMarket #Apollo24x7 #HospitalRevenue #MedicalTechnology #HealthTech #HealthcareInvestment #QualityHealthcare #HealthcareUpdates #dseidehealthcarenetwork
Apollo Hospitals Enterprise Ltd., a leading healthcare provider in India, has reported a significant increase in its financial performance for the third quarter ending December 31, 2024. The company's consolidated net profit surged by 51.8% year-on-year, reaching ₹3.72 billion (approximately $42.5 million), surpassing analysts' expectations of ₹3.51 billion.
This impressive growth is primarily attributed to higher occupancy rates across Apollo's network of hospitals. The overall occupancy rate rose to 68% from 66% in the same period the previous year, driven by a substantial increase in patient inflows. Additionally, there was a notable rise in surgery volumes, further contributing to the company's robust performance.
The healthcare services segment, which accounts for more than half of Apollo's total revenue, experienced a 12.9% increase, propelling the overall revenue up by 14% to ₹55.27 billion. This figure slightly exceeded analysts' projections of ₹55.23 billion.
Apollo's digital health and pharmacy vertical, encompassing the Apollo 24/7 platform, also demonstrated strong performance with a 14.8% year-on-year revenue growth. This segment offers online consultations and pharmacy services, reflecting the company's successful integration of digital solutions to meet evolving patient needs.
Looking ahead, Apollo Hospitals is on track to expand its capacity by adding 3,512 new beds over the next three to four years, starting from the fiscal year 2026. This strategic expansion aims to meet the growing demand for healthcare services across India.
In terms of regional performance, the Andhra Pradesh and Telangana region led with a 24% revenue growth, a 15% increase in inpatient volume, and a 9% rise in Average Revenue Per Occupied Bed (ARPOB) to ₹63,013. Occupancy in this region also saw a significant jump to 66%. The Karnataka region reported a 17% revenue growth with a 71% occupancy rate, while the Eastern region's revenue increased by 8% with stable occupancy levels.
The company's board has declared an interim dividend of ₹9 per share, with February 15 set as the record date. The dividend is scheduled to be paid by February 28.
Apollo Hospitals' strong financial results underscore its commitment to providing quality healthcare services and its strategic focus on expanding capacity to meet increasing patient demand. The company's integrated approach, combining traditional healthcare services with digital innovations, positions it well for sustained growth in the evolving healthcare landscape.
Source: marketscreener
#ApolloHospitals #HealthcareGrowth #HospitalIndustry #HealthcareDemand #MedicalExcellence #IndiaHealthcare #PatientCare #HealthcareInnovation #DigitalHealth #HealthcareExpansion #MedicalServices #HealthcareNews #HealthcareMarket #Apollo24x7 #HospitalRevenue #MedicalTechnology #HealthTech #HealthcareInvestment #QualityHealthcare #HealthcareUpdates #dseidehealthcarenetwork
