Shalby Q1 Review - Strong Performance Amid Higher Covid-19 Treatment: ICICI Direct

A doctor checks on a Covid-19 patient in the ICU ward. (Photographer: Andreas Gebert/Bloomberg)

Shalby Q1 Review - Strong Performance Amid Higher Covid-19 Treatment: ICICI Direct


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ICICI Direct Report

Shalby Ltd. reported strong Q1 FY22 results on a higher base.

Revenues grew 32.6% QoQ to Rs 192.4 crore on the back of likely sequential recovery in elective surgeries as well as increase in Covid-19 treatments.

Shalby's Ebitda margins declined 147 basis points QoQ to 19.9%, mainly impacted by Covid-19 treatments.

Subsequently, Ebitda increased 23.5% QoQ to Rs 38.3 crore.

Profit after tax grew 105.9% QoQ to Rs 20.2 crore due to lower tax rate.

Note: With base year numbers impacted by the first Covid-19 wave and lack of Covid related revenues, YoY results are not comparable.

Click on the attachment to read the full report:

ICICI Direct Shalby Q1FY22 Result Update.pdf


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