Metropolis Healthcare Q2 Review - Non Covid-19 Business Back In Focus: Dolat Capital

Metropolis Healthcare Q2 Review - Non Covid-19 Business Back In Focus: Dolat Capital

A technician wearing a face mask analyses a blood sample in a lab.  (Photographer: T. Narayan/Bloomberg).

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Dolat Capital Report

Metropolis Healthcare Ltd.'s Q2 FY22 revenue grew by 5% YoY led by higher revenue contribution from non-Covid-19 business which grew 38% YoY.

Superb cost control led to in-line Ebitda of Rs 902 million. Lower tax rate led to 5% beat on profit after tax of Rs 583 million.

Home collection non-Covid-19 business grew by 17% YoY, and revenue from this business is expected to ramp up.

Metropolis Healthcare is on track to cover 100 locations in home visit business by end of FY22, which is currently at 89.

With organised players benefiting from higher traction in home collection and enhanced brand recognition, Metropolis Healthcare is expected to do well given its rapid expansion in new regions.

Click on the attachment to read the full report:

Dolat Capital Metropolis Healthcare Q2FY22 Result Update.pdf
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