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Apollo Hospitals’ Q4 Net Profit Rises 23.7 Percent to ₹59.6 Crore, But Misses Estimates

Apollo Hospitals, India’s largest hospital chain, net profit rose 23.7 percent to ₹59.6 crore in the quarter ended March on standalone year-on-year (YoY) basis, missing analyst estimates. The healthcare services provider posted ₹48.2 crore net profit in the corresponding period of previous year. Revenues rose 14.7 percent to ₹1863 crore, compared to ₹1625 crore in the year ago period. A Reuters poll of analysts estimated the net income to be at ₹68 crore Q4FY18, while revenues at ₹1996.3 crore in the same period.

For the full year ended March 31, Apollo Hospitals net profit fell 18.2 percent to ₹233.2 crore, while the revenues from operations increased 14 percent to ₹7183 crore. Revenues from hospital segment in Q4FY18 grew 10.5 percent to ₹1000 crore and pharmacy segment sales rose 20 percent to ₹863 crore. Total expenses shot up by 13.3 percent to ₹1785 crore in Q4 on YoY basis. Shares of Apollo Hospitals dropped 1.76 percent to close at ₹ 987.15 on BSE, the benchmark Sensex declined 0.12 percent to end 34,906.11 points. – Money Control

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