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