Narayana Hrudayalaya Q4 Review - Record Profits Amid Robust Cayman, Domestic Show: ICICI Direct
Narayana Multispeciality clinic in Sarjapura. (Source: Company website)

Narayana Hrudayalaya Q4 Review - Record Profits Amid Robust Cayman, Domestic Show: ICICI Direct

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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. posted strong QoQ, YoY growth, better than our estimates across all fronts.

Revenues grew 12.8% YoY to Rs 838 crore with India sales growing 9.5% YoY to Rs 700 crore.

Revenues from Cayman Islands Ltd. operations grew 30.6% YoY to $18.5 million due to lower base and strong average revenue per occupied bed traction.

On the Ebitda front, margins expanded 399 basis points to 16.9% amid lower employee and other expenditure.

Subsequently, Ebitda grew 47.7% YoY to Rs 141 crore.

Adjusted profit after tax for the quarter was at Rs 68 crore, nearly three times Q4 FY20.

Click on the attachment to read the full report:

ICICI Direct Narayana Q4FY21 Result Update.pdf

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