Krsnaa Diagnostics IPO - Strong Business Operations Reflects In Its Financials: Anand Rathi
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Anand Rathi's IPO Report
Krsnaa Diagnostics Ltd. is one of the largest differentiated diagnostic service providers in India.
The company provides a range of technology-enabled diagnostic services such as imaging (including radiology), pathology/clinical laboratory and tele-radiology services to public and private hospitals, medical colleges and community health centres pan-India.
They are the fastest growing diagnostic chain in India on multiple parameters including operating income, operating profit before depreciation, interest and tax and profit after tax between fiscal 2017 and Fiscal 2020 and volume of tests conducted between fiscal 2018 and fiscal 2021 (amongst players with revenues exceeding Rs 1,500 million).
Krsnaa Diagnostic also operate one of India’s largest tele-radiology reporting hubs in Pune that is able to process large volumes of X-rays, CT scans and MRI scans round the clock and 365 days a year, and allows them to serve patients in remote locations where diagnostic facilities are limited.
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