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Apollo Hospitals Enterprises reported its Q1 results on August 11, revealing the following key points:

• Consolidated Net Profit Decline: The hospital chain experienced a significant 46.5% YoY fall in consolidated net profit for the April-June quarter of the current fiscal year. The net profit dropped to Rs 173.4 crore from Rs 323.8 crore in the same period a year ago.
• Revenue Increase: The Company’s revenue for the quarter increased by 16.4% YoY to Rs 4,417.8 crore from Rs 3,795.6 crore in the corresponding period last year, aligning with the poll forecast.
• EBITDA and Margins: The EBITDA was reported at Rs 509.1 crore, up from Rs 490.7 crore in the previous year. However, EBITDA margins for the quarter ending June declined to 11.5% from 12.9% in the year-ago period.
• Divisional Performance: Consolidated revenues of the healthcare services division grew by 13% to Rs 2,293.7 crore in the reported quarter. Revenue from existing hospitals increased by 10%, while new hospitals experienced a growth of 23%.
• Subsidiary Performance: Apollo HealthCo Ltd., the subsidiary responsible for the Pharmacy distribution business, reported a net loss of Rs 82.6 crore. Similarly, Apollo Health and Lifestyle reported a net loss of Rs 14.7 crore during the quarter.
• Chairman’s Statement: Prathap C Reddy, Chairman of Apollo Hospitals Group, expressed satisfaction with the growth and performance in the first quarter of fiscal year 2024. He emphasized the focus on enhancing doctors’ expertise and revolutionizing patient experience.
• Share Performance: Following the announcement of quarterly earnings, the company’s shares were trading at Rs 4915.40, experiencing a 0.14% decrease.

Apollo Hospitals Enterprises’ Q1 results depict a notable decline in net profit but an increase in revenue, with different performance trajectories observed in various divisions and subsidiaries. The chairman’s statement emphasizes the company’s commitment to enhancing healthcare quality and accessibility.