ICICI Direct: Aster DM Healthcare Logs Strong Sequential Recovery In Q2, GCC Back To Near Normal
Aster DM Healthcare operated hospitals in India and the Middle East. (Photographer: Joshua Roberts/Bloomberg)

ICICI Direct: Aster DM Healthcare Logs Strong Sequential Recovery In Q2, GCC Back To Near Normal

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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 Direct Report

After a pandemic impacted Q1, Aster DM Healthcare Ltd.’s Q2 FY21 results showed a strong sequential recovery.

Q2 FY21 revenues grew 28.8% QoQ to Rs 2268 crore. Gulf Cooperation Council (GCC) revenues grew 26.8% QoQ to Rs 1932 crore.

India revenues also grew 38.8% QoQ (albeit down 3.7% YoY) to Rs 415 crore.

Ebitda margins expanded 385 basis points QoQ to 12.0% due to better operational leverage.

Click on the attachment to read the full report:

ICICI Direct Aster DM Q2FY21 Result Update.pdf

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