Aster DM Healthcare Q3 Review - Second Wave Impacts GCC Region, India Back To Near Normal: ICICI Direct

Aster DM Healthcare Q3 Review - Second Wave Impacts GCC Region, India Back To Near Normal: ICICI Direct

Sign of Aster DM Healthcare Ltd. is seen at its store in Kempegowda International Airport, Bengaluru, India. (Source: BloombergQuint)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Aster DM Healthcare Ltd.’s Q3 revenues stayed flat QoQ at Rs 2,259 crore (still down 2.7% YoY) versus Rs 2,268 crore in the last quarter.

India revenues grew 10.8% QoQ (up 6.7% YoY) to Rs 460 crore. However, Gulf Cooperation Council revenues de-grew 3.4% QoQ (down 4.6% YoY) to Rs 1,866 crore.

Ebitda margins expanded 257 basis points QoQ to 14.5% due to lower other expenditure.

Subsequent Ebitda grew 21.0% QoQ to Rs 328 crore. Profit after tax came in at Rs 92 crore, which is ~2.8 times of last quarter.

Click on the attachment to read the full report:

ICICI Direct Aster DM Q3FY21 Result Update.pdf
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