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Apollo Hospitals Q4FY23 PAT up 50.14% at Rs146crore due to lower tax burden in the current quarter
Apollo Hospitals reported 21.3% growth in net sales revenues for the March 2023 quarter on consolidated basis at Rs4,302 crore. Revenues were marginally up 0.91% on sequential basis. For the quarter, the revenues from the healthcare services were up 18.5% yoy at Rs2,227 crore. The revenues from retail health and diagnostics vertical were up 3% at Rs308 crore while revenues from digital and pharmacy distribution was up 30.8% at Rs1,799 crore.
While the operating profits for the quarter were up 10.87% overall at Rs329 crore, the net profits grew 50.14% on yoy basis to Rs146 crore. The operating profits growth was almost 50% yoy at Rs411 crore in the healthcare services business. However, the retail health and diagnostics vertical saw operating profits fall by nearly three-fourth while the digital health and pharmacy business actually dipped into an operating loss of Rs-83 crore. Net profit growth was largely on account of lower tax burden in the quarter.
Financial highlights for Mar-23 compared yoy and sequentially
Apollo Hospitals | |||||
Rs in Crore | Mar-23 | Mar-22 | YOY | Dec-22 | QOQ |
Total Income (Rs cr) | ₹ 4,302 | ₹ 3,546 | 21.31% | ₹ 4,264 | 0.91% |
Operating Profit (Rs cr) | ₹ 329 | ₹ 297 | 10.87% | ₹ 352 | -6.50% |
Net Profit (Rs cr) | ₹ 146 | ₹ 97 | 50.14% | ₹ 162 | -10.27% |
|
|
|
|
| |
Diluted EPS (Rs) | ₹ 10.05 | ₹ 6.27 |
| ₹ 10.67 |
|
OPM | 7.65% | 8.37% |
| 8.26% |
|
Net Margins | 3.39% | 2.74% |
| 3.81% |
|
The operating margins tapered yoy from 8.37% to 7.65% due to higher operating costs and operating losses in the digital pharmacy business. Net margins improved at 3.39% compared to 2.74% in year ago period. Company declared a final dividend of Rs9 per share, with combined with the interim dividend of Rs6 per share came to total dividend of Rs15 per share.
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