Apollo Hospitals Reports Strong Q1 Results with 42% PAT Growth
Apollo Hospitals Enterprise Ltd announced robust Q1 financial results with 15% revenue growth to ₹5,842.00 crore, 26% EBITDA increase to ₹852.00 crore, and 42% PAT surge to ₹433.00 crore. Healthcare Services, Apollo Health and Lifestyle Limited, and Apollo HealthCo all showed significant growth. The company plans to add over 4,300 beds in the next five years with an investment exceeding ₹7,600.00 crore. Strategic initiatives include launching Apollo Zen, introducing 'Oralife' for oral cancer detection, and implementing 'Green Health' initiatives.
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Apollo Hospitals Enterprise Ltd has announced robust financial results for the first quarter, demonstrating significant growth across key metrics.
Financial Highlights
- Consolidated revenues grew 15% year-over-year to ₹5,842.00 crore
- Consolidated EBITDA increased 26% to ₹852.00 crore
- Consolidated Profit After Tax (PAT) surged 42% to ₹433.00 crore
- Diluted Earnings Per Share (EPS) stood at ₹30.10
Segment Performance
Healthcare Services
- Revenue grew 11% to ₹2,935.00 crore
- EBITDA increased 15% to ₹718.00 crore, with margins at 24.5%
- PAT rose 17% to ₹384.00 crore
Apollo Health and Lifestyle Limited (AHLL)
- Revenue increased 19% to ₹435.00 crore
- EBITDA grew 31% to ₹40.00 crore, with margins at 9.3%
- Reported a reduced PAT loss of ₹8.00 crore compared to ₹10.00 crore in the previous year's corresponding quarter
Apollo HealthCo
- Revenue grew 19% to ₹2,472.00 crore
- EBITDA reached ₹94.00 crore, up from ₹23.00 crore in the same quarter last year
- Achieved profitability with a PAT of ₹57.00 crore, compared to a loss in the previous year
Operational Highlights
- Overall hospital occupancy stood at 65%, compared to 68% in the same period last year
- The company added 116 net new pharmacy stores, bringing the total to 6,742
- Apollo 24/7, the digital platform, achieved a GMV of ₹682.00 crore, growing 23% year-over-year
Expansion Plans
Apollo Hospitals announced ambitious expansion plans to add over 4,300 beds in the next five years, with an investment exceeding ₹7,600.00 crore. Key developments include:
- Adding 700 beds in Bengaluru, increasing total capacity to 1,500 beds
- Expanding capacity in Hyderabad by 160 beds at existing facilities
- Planning a new 500-bed greenfield hospital in Bengaluru suburbs
Strategic Initiatives
- Launched Apollo Zen, an advanced health management program leveraging AI and diagnostics
- Introduced 'Oralife' for early oral cancer detection using AI-powered technology
- Expanded 'Care-Within-Reach' financing programs to tier 2 and tier 3 markets
- Implemented 'Green Health' initiatives in Mumbai and Hyderabad, achieving 20% reduction in energy consumption per patient day
Management Commentary
Dr. Prathap C Reddy, Chairman of Apollo Hospitals Enterprise Ltd, commented on the results: "I am proud to see the resilient comeback in the first quarter, building on the strong foundation of the previous quarter. Our performance demonstrates the power and resilience of our integrated model of healthcare delivery with all three engines - Healthcare Services, Retail Healthcare & Diagnostics, and Digital & Pharma Distribution, contributing to our performance."
He added, "Looking ahead, we anticipate continued double-digit revenue growth, underpinned by new hospital openings in Patna and Jaipur slated for the third quarter, further digital innovation, and deepening partnerships with state governments to bolster community-based health initiatives."
Apollo Hospitals continues to focus on clinical excellence, patient experience, and sustainable growth, aiming to set new benchmarks in the healthcare industry while pursuing its mission of enabling healthier, happier lives for all.
Historical Stock Returns for Apollo Hospitals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +0.65% | +0.23% | +13.56% | +9.82% | +319.48% |
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