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ICICI Direct Report
After a pandemic impacted Q1, Aster DM Healthcare Ltd.’s Q2 FY21 results showed a strong sequential recovery.
Q2 FY21 revenues grew 28.8% QoQ to Rs 2268 crore. Gulf Cooperation Council (GCC) revenues grew 26.8% QoQ to Rs 1932 crore.
India revenues also grew 38.8% QoQ (albeit down 3.7% YoY) to Rs 415 crore.
Ebitda margins expanded 385 basis points QoQ to 12.0% due to better operational leverage.
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