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Healthcare Global Enterprises Q4 Review - Growing Faster Than Market: Axis Securities

Healthcare Global Enterprises Q4 Review - Growing Faster Than Market: Axis Securities

<div class="paragraphs"><p>Surgeon performing an operation on a patient. (Photo: Artur Tumasjan/ Source: Unsplash)</p></div>
Surgeon performing an operation on a patient. (Photo: Artur Tumasjan/ Source: Unsplash)

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Axis Securities Report

Healthcare Global Enterprises Ltd. reported revenue of Rs 365 crore grew by 22.3% YoY, above our expectations. This growth was primarily led by healthy average revenue per occupied bed (Rs 38,800) which reported a growth of 11.5% YoY and the number of occupied bed days grew by 11.6% YoY.

The increase in ARPOB was led by high end works such as robotic surgery and Cyberknife in Oncology verticals of head and neck, urology, bone marrow transplantation, liver surgery, and complicated tumours.

Healthcare Global Enterprises’ Ebitda margins improved by 400 bps YoY due to high operating leverage as existing centers reported healthy Ebitda margins of 22% and new centers reported Ebitda of Rs 2 crore versus loss (Rs 4.6 crore) in Q4 FY22.

Click on the attachment to read the full report:

Axis Securities Heatlhcare Global Enterprises Q4FY22 Result Update.pdf

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