Apollo Hospitals Q2 Results: Profit Falls, Misses Estimates

Apollo Hospitals Enterprise Ltd.’s second-quarter profit fell, missing estimates.

The Chennai-headquartered healthcare group's net profit fell 18% from a year earlier to Rs 204 crore in the quarter ended September, according to its exchange filing. That compares with the Rs 223-crore consensus estimate of analysts tracked by Bloomberg.

Apollo Hospitals Q2 FY23 Highlights (YoY)

• Revenue rose 14% to Rs 4,251 crore, compared with an estimate of Rs 4,003 crore.

• Ebitda was down 8% to Rs 565 crore, against the Rs 546-crore forecast.

• Margin contracted to 13.3% from 16.5%. Analysts had projected it at 13.6%.

While the hospital segment has been registering year-on-year growth in operating profits, the digital health and pharmacy business has reported losses. The clinics and diagnostics segment saw operating profits fall this quarter over last year.

Shares of Apollo Hospitals closed 1.8% lower before the results were announced, compared with a 0.69% decline in the benchmark Sensex.