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 Securities Report
HealthCare Global Enterprises Ltd.’s Q1 FY22 performance was better than our estimates driven by continued sequential recovery in the oncology hospital segment which recorded revenue growth of 9.6% QoQ.
Coupled with controlled cost Ebitda margin beat our estimates by 190 basis points to 15.9% (our estimate: 14.0%).
We believe that the business has normalised and this growth trend will continue.
Recent capital infusion has removed the key overhang of high leverage with repayment of debt from the fund raising exercise.
We remain positive on the stock as Healthcare Global is poised to grow positively hereon and strengthening of balance sheet with no major capex plan in near term.
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