Chennai Meenakshi Hospital Reports Profit in Q1 Despite Revenue Decline
Chennai Meenakshi Multispeciality Hospital Limited announced Q1 financial results, showing a turnaround to profitability despite decreased revenue. The hospital reported a net profit of Rs. 0.64 crores, compared to a loss of Rs. 2.50 crores in the same quarter last year. Total income from operations declined to Rs. 17.30 crores from Rs. 24.00 crores year-over-year. Earnings Per Share (EPS) improved to Rs. 0.55 from negative Rs. 0.67. The results were approved by the Board of Directors and prepared in accordance with Indian Accounting Standards.
13Aug 25
Chennai Meenakshi Multispeciality Hospital Reports Widened Losses and Appoints New Directors
Chennai Meenakshi Multispeciality Hospital Limited (CMMH) reported a net loss of Rs 74.11 lakhs for Q1 FY24, a 93.55% increase from Rs 38.29 lakhs loss in Q1 FY23. Revenue from operations decreased by 1.12% to Rs 864.90 lakhs, while total expenses rose by 4.75% to Rs 967.47 lakhs. The company appointed two new Additional Directors, Mr. Edward M Prabhakar and Mr. Akash Prabhakar, effective August 13. Basic EPS declined to -Rs 0.99 from -Rs 0.51 year-over-year.