New Delhi, August 12, 2018: Q1FY19 Standalone Revenues grew 16% to Rs.19,104 million compared to Rs.16,504 million in Q1FY18, aided by SAP growth of 20% and Healthcare services growth of 12% YoY. HC services growth of 12% YoY was led by new hospitals which reported 23% YoY Revenue growth while existing hospitals grew 10% YoY. EBITDA was at Rs.2,267 million in Q1FY19 as against Rs.1,734 million in Q1FY18 a YoY growth of 31%. PAT grew by 71% to Rs.602 million in Q1FY19.
The strategy around both services pricing as well as cost optimisation has delivered initial results. Healthcare Services EBITDA grew by 31% YoY to Rs. 1,849 million. Existing health care services EBITDA margins have improved from 20.4% last year to 21.6% in the current quarter. Apollo Hospitals stands committed to continue on this trajectory to further improve the margins to 23% over the next few quarters. Read more
Corporate Comm India(CCI Newswire)