ICICI Securities: Healthcare Global Sees Decent Recovery In Q2, Balance Sheet Strengthened 
A medical staff member treats a Covid-19 patient at a hospital in Houston, Texas, on Nov. 8. (Photographer: Go Nakamura/Bloomberg)

ICICI Securities: Healthcare Global Sees Decent Recovery In Q2, Balance Sheet Strengthened 

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ICICI Securities Report

HealthCare Global Enterprises Ltd.’s Q2 FY21 performance witnessed decent recovery as occupancy improved to 41.4% versus 32.4% QoQ.

Q2 FY21 revenues declined 11.0% YoY and Ebitda margin dropped 430 basis points to 12.1% largely due to the impact of pandemic.

The company has received approximately Rs 5.1 billion through preferential allotment of equity shares and equity warrants (25% amount received upfront) to Aceso Company Pte Ltd. (part of CVC group).

The company will receive additional Rs 1.4 billion upon conversion of warrants.

Click on the attachment to read the full report:

ICICI Securities HCG Q2FY21 Result Update.pdf

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