Connect with us

Headlines of The Day

Rainbow Children’s Medicare Q4FY24: PAT drops 5.2%; revenue up 7.61%

Rainbow Children’s Medicare announced Q4FY24 results. PAT dropped 5.2% to Rs 510.7 million in Q4FY24 as against Rs 538..6 million in Q4FY23.

Revenue from operations increased 7.61% YoY to Rs 3411.0 million in Q4FY24 against Rs 3169.7 million in Q4FY23.

For Q4 FY24, EBITDA grew 7.7% to Rs 1055.4 million against Rs 980.1 million in Q4FY23.

For Q4FY24, capacity beds were at 1,935 units (up 17% YoY), operational bed count was 1,427 units (up 16% YoY) and occupancy rate was 48.5% (down 1,034 bps YoY).

The average revenue per occupied bed (ARPOB) was Rs 54,185 (up 11% YoY) and the average length of stay (ALOS) was 2.84 days (up 3% YoY) during the period under review.

For FY24, PAT was up 2.8% to Rs 2,182.9 million as against Rs 2,123.8 million in FY 23. Revenue jumped 10.5% to Rs 12,969.0 million in FY 24 from Rs 11,735.7 million in FY23.

“The company recorded its highest revenue despite the continued seasonal headwinds. Key operating metrics during the quarter have been resilient in contrast to last year which was marked by a high incidence of adenovirus and other viral infections requiring higher outpatient visits and inpatient admissions. With major expansion completed, the company is solely focused on operations at the newly commissioned hospitals along with the existing hospitals,” the company said.

“The company had an eventful quarter where it commissioned 280 beds across 3 hospitals one each in Hyderabad, Bengaluru, and Chennai respectively and 1 additional block to an existing hospital in Hyderabad. The company opened an outpatient clinic in Hennur, Bengaluru. During the year the company added IVF services at 8 hospitals and now offers IVF services at 11 hospitals. The addition of IVF services has strengthened the birthright services by providing an entire gamut of women’s care services under one roof.”
MB Bureau

Copyright © 2024 Medical Buyer

error: Content is protected !!