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Medanta Q1 Results: Net profit soars 74% YoY to Rs 102 crore

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August 11, 2023
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Medanta Q1 Results: Net profit soars 74% YoY to Rs 102 crore
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Global Health (Medanta) reported 74% year-on-year (YoY) jump in net profit to Rs 102 in Q1FY24 due to increase in bed capacity and higher in-patient footfalls. Revenue rose 27% YoY to Rs 795 crore.

The earnings before interest, tax, depreciation and ammortisation (EBITDA) rose 40.7% YoY to Rs 199 crore. The EBITDA margins expanded 250 basis points YoY to 25.1%. Average occupied bed days increased by 16.2% y-o-y, representing an occupancy of 58.1% in Q1 FY24 on increased bed capacity.

Average revenue per occupied bed (ARPOB) grew by 7.1% y-o-y to Rs 63,148; In-patient volume increased by 19.4% and out-patient volume increased by 17.5% y-o-y.

Developing hospitals (Medanta Lucknow and Medanta Patna) revenue share increased from 23.4% in Q1 FY23 to 28.9% in Q1 FY24 amounting to Rs. 230 crore.

Revenue from international patients increased by 45% y-o-y to Rs. 48 crore driven by increased volume and realization.

In-house out-patient pharmacy business increased by 43% y-o-y to Rs. 26.6 crore in Q1 FY24.

“The company continues to deliver strong year-on-year and sequential growth driven by higher patient volumes and improvement in realization,” said Pankaj Sahni, Group CEO and director.

Tags: croreMedantamedanta q1 earningsmedanta q1 earnings updatemedanta q1 newsmedanta q1 reportcardmedanta q1 resultsmedanta q1 updatenetprofitresultssoarsYoY
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