Apollo Hospital released quarterly results, know how the company's performance was

Healthcare major Apollo Hospitals Enterprise Ltd has announced financial results for the three months ending September 30, 2023. In these results, the company has given information about its financial performance. The company has recorded a profit after tax of Rs 294.8 crore.

During the same quarter last year, Apollo Hospitals reported a profit after tax of Rs 279.1 crore.

The company on Friday said standalone profit after tax for the half-yearly period April to September stood at Rs 508.9 crore. Whereas in the same period last year, it was Rs 612.3 crore. The company's total income increased to Rs 1,931.1 crore from Rs 1,758.5 crore during the same quarter last year.

For the six-month period ending September 30, 2023, standalone total income increased to Rs 3,637.3 crore as against Rs 3,298.7 crore registered in the same period last year.

Apollo Hospitals said in a statement that based on the recommendations of the investment committee, the board has evaluated and approved an expansion plan for the company. This involves the remaining capital outlay of approximately Rs 3,400 crore. Apollo Hospitals is on track to add 2,300 beds across eight locations in the next three financial years at a cost of Rs 3,400 crore.

Prathap C Reddy, Chairman, of Apollo Hospitals Group, said, “For over 40 years, Apollo has led the healthcare revolution in India. It has played a leading role in providing quality healthcare services across the country. Our unwavering commitment has led us to utilize cutting-edge technologies. Driven by investment in and continued growth of our existing facilities, we are motivated to expand the reach of our services far and wide."

On Friday, shares of Apollo Hospitals fell 35.80 points to close at Rs 5,261.80 per share.