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Apollo Hospitals Q3FY24 Consolidated PAT grows 60% to Rs 2,453 million

Apollo Hospitals Q3FY24 Consolidated PAT grows 60% to Rs 2,453 million

| @indiablooms | 08 Feb 2024, 11:21 pm

Mumbai: Apollo Hospitals, one of India’s leading healthcare providers, reported Rs. 2,453 million Profit After Tax (PAT) for the third quarter of FY24, demonstrating a notable increase of 59.87% from Rs. 1,535 million recorded in Q3FY23.

The company recorded a revenue of Rs. 48,506 million during the quarter under review, marking a notable increase from Rs. 42,636 million reported in the third quarter of the previous fiscal year, indicating a substantial year-on-year growth of 14%.

The earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at Rs. 6,137 million for the third quarter of FY24.

This represents a substantial improvement compared to Rs. 5,053 million recorded in the corresponding quarter of FY23.

Notably, these figures include costs related to Apollo 247 amounting to Rs. 1,557 million during the quarter, which also encompassed a non-cash ESOP charge of Rs. 141 million.

This is in contrast to the Rs. 2,024 million incurred in Q3 FY23.

The financial report also highlights a noteworthy diluted earnings per share (EPS) figure of Rs. 17.06 for the third quarter of FY24, indicating the earnings attributed to each outstanding share. It's important to note that this EPS figure is not annualized.

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