Apollo Hospitals revenue up by 18%

Chennai: Apollo Hospitals announced that it has delivered a strong performance in the second quarter of the year, with continued growth of volumes, revenues and margins. There was a good performance, both in the hospitals and in the pharmacy division, said a statement.

The overall decision of continuing to focus on improving asset utilisation, superior margin profile through case mix and quality of revenue, along with optimisation in costs is paying off with the Healthcare Services EBITDA (pre Ind AS116) growing by 15 per cent y-o-y to Rs 2,372 million.

According to a press release, revenues grew 18 per cent to Rs 24,636 million compared to Rs 20,901 million in Q2FY19, aided by Healthcare services growth of 15 per cent y-o-y and SAP growth of 22 per cent. Healthcare services growth of 15 per cent y-o-y led by new hospitals which reported 17 per cent y-o-y tevenue growth while mature hospitals grew 12 per cent y-o-y.

Chairman, Apollo Hospitals Dr Prathap C Reddy said, “We are pleased to report a robust operational performance which continues to reflect the inherent strength of our service model that offers comprehensive care across multiple centers and formats.’ He added, ‘We are committed to help the nation fight the tsunami of NCDs, and we believe our focused efforts in cardiology, neurosciences, oncology, orthopaedics and critical care will help us win the fight.”

NT Bureau