Narayana Hrudayalaya Shares Surge 10% on Strong Q2 Results and Expansion Plans
Narayana Hrudayalaya's shares rose 10% following the announcement of robust Q2 FY24 results and ambitious expansion plans. The company reported a 20.30% YoY increase in revenue to 1,643.79 crore and a 29.90% YoY growth in net profit to 258.83 crore. Narayana Hrudayalaya plans to expand its bed capacity from the current 5,750 to over 7,650 beds by FY30, signaling confidence in growing healthcare demand in India.

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Shares of Narayana Hrudayalaya , a prominent healthcare operator in India, witnessed a significant uptick of 10% following the announcement of its robust quarterly results and ambitious expansion plans.
Strong Q2 Performance
The company reported impressive financial results for the second quarter:
| Metric | Q2 FY24 | YoY Growth |
|---|---|---|
| Revenue | 1,643.79 | 20.30 |
| Net Profit | 258.83 | 29.90 |
The substantial growth in both revenue and net profit underscores Narayana Hrudayalaya's strong operational performance and increasing market demand for its healthcare services.
Expansion Strategy
Narayana Hrudayalaya has unveiled plans for significant expansion, aiming to increase its bed capacity:
| Timeline | Current Capacity | Targeted Capacity |
|---|---|---|
| Current | 5,750 beds | - |
| By FY30 | - | Over 7,650 beds |
This expansion strategy signals the company's commitment to aggressive growth and its confidence in the increasing demand for quality healthcare services in India.
Market Response
The market responded positively to Narayana Hrudayalaya's performance and future outlook:
- Share price surged by 10%
- Investors showed enthusiasm for the company's growth trajectory
- The expansion plans were well-received, indicating market confidence in the company's long-term strategy
Narayana Hrudayalaya's strong quarterly performance, coupled with its ambitious expansion plans, has positioned the company favorably in the competitive healthcare sector. The significant increase in share price reflects investor optimism about the company's future prospects and its ability to capitalize on the growing healthcare market in India.
Historical Stock Returns for Narayana Hrudayalaya
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +9.95% | +6.38% | +9.83% | +10.02% | +52.88% | +429.60% |














































