ICICI Securities: Healthcare Global Sees Decent Recovery In Q2, Balance Sheet Strengthened 

ICICI Securities: HealthCare Global Sees Decent Recovery In Q2, Balance Sheet Strengthened

A medical staff member treats a Covid-19 patient at a hospital in Houston, Texas, on Nov. 8. (Photographer: Go Nakamura/Bloomberg)

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 Q2 FY21 performance witnessed decent recovery as occupancy improved to 41.4% versus 32.4% QoQ.

Q2 FY21 revenues declined 11.0% YoY and Ebitda margin dropped 430 basis points to 12.1% largely due to the impact of pandemic.

The company has received approximately Rs 5.1 billion through preferential allotment of equity shares and equity warrants (25% amount received upfront) to Aceso Company Pte Ltd. (part of CVC group).

The company will receive additional Rs 1.4 billion upon conversion of warrants.

Click on the attachment to read the full report:

ICICI Securities HCG Q2FY21 Result Update.pdf
Read Document

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

lock-gif
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Still Not convinced ?  Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES