Apollo Hospital Enterprise's net profit remained under pressure due to heavy interest burden during the quarter ended September 2016 and net profit moved up only by 2.7 per cent to Rs.91.99 crore from Rs.89.55 crore in the corresponding period of last year. EBIDTA increased by 13.1 per cent to Rs.221.93 crore from Rs.196.21 crore. Interest cost went up by 52 per cent to Rs.46.88 crore from Rs.30.85 crore. EPS worked out to Rs.6.61 as against Rs.6.44 in the last period. Equity capital remained at Rs.69.56 crore.
Its net income increased by 15.9 per cent to Rs.1,634 crore from Rs.1,410 crore in similar period of last year. Income from healthcare services improved 11.7 per cent to Rs.924 crore and income from pharmacy moved up by 22 per cent to Rs.710 crore.
Dr Prathap C Reddy, chairman, said, “The expansion of the pan-India hospital network will cross a new frontier with the commissioning of the Navi Mumbai Hospital. Even as we launch and add the 71st hospital to the network with be capacity set to surpass 10,000 beds, our commitment to uphold the highest standards of healthcare across the country remains the same as it was when we set up our first hospital in Chennai in 1983.”
He added, “We continue to incorporate innovative technologies with an emphasis on patient centricity. Technology must be leveraged to deliver benefits ranging from high efficiency of treatment, elevation in patient safety, wider coverage, cost effectiveness and increase in speed of healthcare delivery. We are maximizing the use of technology by our specialists, our patients, as well as the organization in both clinical and non-clinical areas as we truly believe in transforming healthcare delivery with technology.”
For the first half ended September 2016, Apollo's net sales increased by 14.2 per cent to Rs.3,100 crore from Rs.2,715 crore in the similar period of last year. Its net profit declined by 7.3 per cent to Rs.164.16 crore from Rs.177.07 crore due to significant growth in interest burden of 58.1 per cent to Rs.91.26 crore from Rs.57.71 crore.