Representational photograph
| Photo Credit: ASHOKE CHAKRABARTY
Apollo Hospitals Enterprise Ltd. (AHEL) reported consolidated net revenue for the June quarter slumped 47% from the 12 months precedent days to ₹167 crore on deferred tax credit score.
Revenue from operations rose 16% to ₹4,418 crore, of which Healthcare Services accounted for ₹2,294 crore (13%), Healthco ₹1,805 crore (22%) and AHLL (diagnostics and retail healthcare) ₹319 crore (9%).
Healthcare Services posted a net revenue of ₹264 crore, whereas AHLL and Healthco posted a net lack of ₹15 crore and ₹83 crore respectively.
“Apollo Healthco is on track. The offline business will achieve break even in Q4 and online will take another six to eight quarters more. AHLL will achieve breakeven during this fiscal,” mentioned CFO Krishnan Akhileswaran.
He additionally mentioned that the hospital main was planning so as to add greater than 2,000 beds over the subsequent three to 4 years and the funding price can be met by means of inside accruals and borrowings.
“A new 500-bed facility is coming up in Chennai in the next three years. From FY25, we will be adding 700 beds per year for three years,” he mentioned.
AHEL has a community of seven,798 working beds, of which 14 have been new with 2,380 working beds. These new services have 60% utilisation fee and are anticipated to witness double digit progress in volumes and enchancment in utilisation and profitability rising ahead, he mentioned.
