Narayana Healthcare Q4FY24: PAT jumps 14.9%; revenue up 4.7%

Narayana Healthcare has announced Q4FY24 results. Consolidated PAT stood at ₹ 1,908 million in Q4FY24, reflecting a margin of 14.9% as compared to ₹ 1,732 million in Q4 FY23.

Consolidated operating revenue was ₹ 12,794 million for Q4 FY24 compared to ₹ 12,216 million in Q4 FY23, reflecting a growth of 4.7 % YoY and 6.3% QoQ.

Consolidated EBITDA stood at ₹ 3,184 million in Q4FY24 reflecting a margin of 24.9% as against ₹ 2,904 million in Q4 FY23, translating into a growth of 9.7% YoY and 7.3% QoQ.

India operating revenue was ₹ 10,352 million for Q4 FY24 compared to ₹ 9,842 million in Q4 FY23, reflecting a growth of 5.2% YoY and 7.9% QoQ.

Cayman operating revenue was ₹ 2,528 million for Q4 FY24 compared to ₹ 2,445 million in the corresponding period of the previous year, reflecting a growth of +3.4% YoY and -1.9% QoQ.

FY24 highlights:
Consolidated operating revenue was ₹ 50,183 million for FY24 compared to ₹ 45,248 million in FY23, reflecting a growth of +10.9 %.

Consolidated EBITDA stood at ₹ 12,275 million for FY24, reflecting a margin of 24.5% as against ₹ 10,313 million in FY23, reflecting a growth of +19.0%.

Consolidated PAT stood at ₹ 7,896 million for FY24, reflecting a margin of 15.7% as compared to ₹ 6,066 million in FY23.

India operating revenue was ₹ 40,365 million for FY24 as compared to ₹ 36,774 million in FY23, reflecting a growth of +9.8%.

Cayman operating revenue was ₹ 10,261 million for FY24 compared to ₹ 8,824 million in FY23, reflecting a growth of +16.3%.

“The current financial year exhibited strong momentum; we are pleased to report the highest-ever revenue and profitability margins for the financial year, which is on account of improvement in realizations, payor mix, and increased patient footfalls during the year. The performance improvement is supported by strong growth in business across our flagship units, and other hospitals, and steady improvements in the performance of our newer hospitals. HCCI continues to deliver record performance on both revenue and profitability for the current financial year. NHIC has delivered another strong quarter of increased patient transactions. We are confident of delivering on our expectations for the upcoming year,” said, Dr. Emmanuel Rupert, Managing Director and Group CEO, Narayana Hrudayalaya Limited.

Founded in 2000 by Dr. Devi Prasad Shetty and headquartered in Bengaluru, Narayana Hrudayalaya Limited is one of the leading healthcare service providers in India, operating a chain of multispecialty, tertiary, and primary healthcare facilities. The Company has a network of 18 hospitals and 3 heart centers across India along with an overseas presence in the Cayman Islands, with over 5,680 operational beds and a capacity of over 6,070 beds.
MB Bureau