Max Healthcare Annual Report Analysis - Emerges Leaner, Stronger: HDFC 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. .HDFC Securities Report.Max Healthcare Institute Ltd.’s annual report 2020-21 reflects the first year of consolidated financial statements of the combined entity - Max and Radiant. In this report, while financials are not comparable due to merger, we analyse the qualitative characteristics and key components of the company’s balance sheet and profit and loss. Max Healthcare's management commentary reinforces its intent to grow aggressively by additionally employing asset light models of expansion and exploring inorganic opportunities. Key financial highlights include: recognition of goodwill and intangibles worth Rs 24.5 billion and ~Rs 23 billion (both together account for ~85% of net worth) pursuant to purchase price allocation exercise in relation to Max’s assets consequent to reverse merger;structural cost savings in material, doctor fees and other expenses..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Max Healthcare Annual Report Analysis - Emerges Leaner, Stronger: HDFC Securities