HealthCare Global Enterprises’ Recovery Continues As Expected: ICICI Securities  
Medical staff transfer a patient along a corridor. (Photographer Hannah McKayReuters/Bloomberg)

HealthCare Global Enterprises’ Recovery Continues As Expected: 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

HealthCare Global Enterprises Ltd.’s Q3 FY21 performance was broadly in-line with our estimates driven by continued sequential recovery in occupancy that improved to 43.6% versus 41.4% QoQ.

Q3 FY21 revenues declined 1.4% YoY and Ebitda margin dropped 270 basis points to 13.8%, but improved 170bps QoQ as revenue recovered.

We expect the recovery trend to continue and normalcy to be achieved by Q1 FY22E.

Recent capital infusion has removed the key overhang of high leverage with repayment of debt from the fund raising exercise.

Click on the attachment to read the full report:

ICICI Securities HCG Q3FY21 Result Update.pdf


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