ICICI Direct: Narayana Hrudayalaya Q2 Review - Steady Improvement In Tough Times
Narayana Multispeciality clinic in Sarjapura (image: Company website)

ICICI Direct: Narayana Hrudayalaya Q2 Review - Steady Improvement In Tough Times

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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

Narayana Hrudayalaya Ltd.’s recovery in financial performance post Covid-19 was better than expected.

Revenues grew 52.7% QoQ to Rs 600.7 crore (down 26.9% YoY) due to strong recovery seen across mature and new hospitals.

Ebitda margins were at 4.5% against -23.1% in Q1 FY21 and 14.8% in Q2 FY20, with sequential improvement in margins seen amid better operational leverage.

Net loss for the quarter was at Rs 3.4 crore against loss of Rs 119.7 crore in Q1 FY21 (profit of Rs 45.3 crore in Q2 FY20).

Click on the attachment to read the full report:

ICICI Direct Narayana Hrudayalaya Q2FY21 Result Update.pdf

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