Aster DM Healthcare Q3 Review - Second Wave Impacts GCC Region, India Back To Near Normal: ICICI Direct
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ICICI Direct Report
Aster DM Healthcare Ltd.’s Q3 revenues stayed flat QoQ at Rs 2,259 crore (still down 2.7% YoY) versus Rs 2,268 crore in the last quarter.
India revenues grew 10.8% QoQ (up 6.7% YoY) to Rs 460 crore. However, Gulf Cooperation Council revenues de-grew 3.4% QoQ (down 4.6% YoY) to Rs 1,866 crore.
Ebitda margins expanded 257 basis points QoQ to 14.5% due to lower other expenditure.
Subsequent Ebitda grew 21.0% QoQ to Rs 328 crore. Profit after tax came in at Rs 92 crore, which is ~2.8 times of last quarter.
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