Apollo Hospitals reports 63% growth in profit after tax

CHENNAI: Apollo Hospitals on Wednesday posted 63% growth in consolidated profit after tax (PAT) at Rs 379 crore against Rs 233 crore in the corresponding quarter of last year.

The hospital chain's revenue rose to Rs 5,589 crore in Q2 FY25, which is a 15% increase over Rs 4,846 crore during the year ago quarter. Of this, the healthcare services revenue was at Rs 2,903 crore that recorded a 14% YoY growth.

As on Sept 30, 2024, Apollo Hospitals had 7,994 operating beds across the network.

The consolidated EBITDA stood at Rs 816 crore in the second quarter of FY25, which is 30% YoY growth when compared to the same quarter in the previous year.

Madhu Sasidhar, president & CEO, Apollo Hospitals, said, "We are seeing some continued improvement in demand from the insured segment of our customer base. In general, there is a preference for higher quality care."

Krishnan Akhileswaran, group CFO, Apollo Hospitals, said Q2 FY25 was potentially a difficult quarter due to the various headwinds including issues in Kolkata, which is a big market for the company, weather-related problems in the western market, besides the continuing issues in neighbouring Bangladesh.

"It has been very broad-based growth across metros, tier 1 and 2 cities, where we saw growth. This growth did not just come from a handful of locations,” he said.

Asked about the expansion, he said 1,400 beds would be added next year primarily in cities including Gurugram, Pune and Kolkata.

In a statement Prathap C Reddy, founder & chairman, Apollo Hospitals Group, said, “Through strategic initiatives like our investment in Apollo Health and Lifestyle and the launch of new multi-specialty hospitals, we are committed to expanding access to high-quality healthcare across India, particularly in regions where critical care access is essential."