Apollo Hospitals Q4 Review - Margin Beat; Focus On Digital Network: ICICI Securities
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
Apollo Hospitals Enterprises Ltd.’s Q4 FY21 performance was better than estimate at margin level led by better profitability in hospitals and Apollo Health and Lifestyle Ltd.
Overall, revenues declined 1.9% YoY to Rs 28.7 billion with the removal of pharmacy front end business post demerger.
Ebitda margin stood at 14.4% versus estimated 13.7% led by stable occupancy levels and lower costs.
We expect performance to improve further in the coming quarters as occupancy level improves and management expects to sustain annual cost saving of ~Rs 1.2 billion.
Click on the attachment to read the full report:
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 author entity 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.