Apollo Hospitals FY24 March qtr consolidated PAT soars 77% YoY to Rs 258 cr; company announces dividend
Mumbai: Healthcare services Apollo Hospitals Enterprise announced a staggering increase of 77 percent in its consolidated net profit for the fourth quarter of the fiscal year 2023-24, reaching Rs 258 crore, compared to Rs 146 crore in the same quarter of the previous fiscal year.
Revenue also witnessed a growth of 15 percent year-on-year, reaching Rs 4,944 crore compared to Rs 4,302 crore in the corresponding quarter last year, slightly exceeding the anticipated revenue of around Rs 4,927 crore.
The company's board recommended a final dividend of Rs 10 per share for the fiscal year 2023-24, with August 17, 2024, set as the record date.
Furthermore, Dr. Prathap C Reddy has been re-appointed as a wholetime director designated as Executive Chairman for a period of two years starting from June 25, 2024, pending approval from the shareholders.
During the same period, the operational performance of the hospital operator also saw improvement compared to the previous year, attributed to decreased losses from its online subsidiary, Apollo HealthCo.
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