Apollo Hospitals Q2 Results: Consolidated PAT jumps 14% YoY to Rs 233 crore, meets estimate

Apollo Hospitals Enterprises on Thursday posted a consolidated net profit of Rs 233 crore for the quarter ended September 2023, up 14% year-on-year (YoY) from Rs 204 reported by the company in the corresponding quarter of the last financial year. The ETNow poll estimates for the same was Rs 230 crore.

The revenue for the quarter stood at Rs 4,846.90 crore, also up by 14% YoY.

Sequentially the net profit was up 39.7% as the net profit in the June ended quarter stood at Rs 166.6 crore. Meanwhile, the revenue was up by 9.7% quarter-on-quarter (QoQ).

The shares of Apollo Enterprises rose 1.63% after the earnings were announced.

Healthcare Services revenues grew 12% YoY to Rs 2,547 crore. The consolidated EBITDA before 24/7 operating cost and ESOP charge stood at Rs 825 crore which was higher by 11% YoY.

Apollo Diagnostics Q2FY24 revenues stood at Rs 124 crore for Q2FY24 and was up 19% YoY. The revenues crossed a landmark of Rs 123 crores in a quarter, the release claimed.

Digital Health & Pharmacy Distribution revenues stood at Rs 1,945 crores which were up 17% YoY while the GMV of Apollo 24X7 stood at Rs 726 crores, which was a 16% QoQ growth.
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