Apollo Hospital Q2 Results, Profit Jumps 63%: Apollo Hospital Share Price Rises by 7%

Apollo Hospital Q2 results FY25 disclosed a 63% year-on-year increase in the consolidated net profit. On the Apollo Hospital Q2 results date which was November 6, 2024, the Apollo Hospital share price closed at ₹6,968.10. On November 7, 2024, Apollo Hospital share price closed with a rise at ₹7,424.85.

Apollo Hospital Q2 Results FY25: Key Highlights

• Apollo Hospital Q2 results pointed out that the consolidated net profit was ₹379 crores in FY25 higher than the net profit of Q2 FY24 ₹233 crores.
• The revenue was at ₹5,589 crores, up 15% YoY according to the Apollo Hospital Q2 performance of FY25.
• EBITDA rose to ₹816 crores in Q2 FY25, up by 30% YoY.
• Apollo Hospital share price has delivered positive returns of 6.56% in the last 1 day as on November 7, 2024.

Apollo Hospital Q2 Results: Segment Performance

1. Healthcare Services (Hospitals): The healthcare services revenue rose to ₹2,903 crores, up 14% YoY in the second quarter of the financial year 2024-25. The company had 7,994 operating beds as of the September 2024 quarter and the overall occupancy rate increased to 73% from 68% in the Q2 FY24.
2. Apollo Health and Lifestyle Limited: This segment’s revenue was up by 14% YoY at ₹404 crores in Q2 FY25.
3. Apollo HealthCo: The pharmacy distribution and digital health revenues grew by 17% YoY to ₹2,282 crores in the second quarter of FY25. The GMV of Apollo 24/7 was at ₹757 crores, up 2% as mentioned in the Apollo Hospital Q2 results​.

Apollo Hospital Q2 Results: Expansion Plans

• Apollo Hospitals has entered into an agreement to build and operate a 500-bed hospital in Worli, Mumbai.
• In the Apollo Hospital Q2 performance statement, the company announced the expansion of its current hospital facility in Lucknow from 300 beds to 500 beds on the 1.2-acre land.
• Overall, the company will add 3,512 beds in the next 4 years across 11 sites in India.

Apollo Hospital Q2 Results: Management Commentary

Dr. Prathap C Reddy, Founder & Chairman of Apollo Hospitals Group said that – “At Apollo Hospitals, we are dedicated to continually evolving to meet the changing healthcare needs of our nation. Through strategic initiatives like our investment in Apollo Health and Lifestyle and the launch of new multi-specialty hospitals, we reaffirm our commitment to expanding access to high-quality healthcare across India, particularly in regions where critical care access is essential.

The first half of FY25 has been an exciting time for us, marked by these major milestones aimed at extending the reach and impact of our healthcare services. Moving forward, our mission is simple: to push the boundaries of healthcare and ensure that everyone, regardless of where they live, has access to the best medical services. This is our promise, and we are committed to making it a reality.”

About the Apollo Hospitals

Apollo Hospitals had its first hospital in Chennai in 1983 and today it is the world’s largest integrated healthcare platform with more than 10,000 beds across 73 hospitals. The company is known for its world’s premier cardiac facility and conducted more than 3,00,000 angioplasties and 2,00,000 surgeries. Highlighting the Apollo Hospital share price performance, it has generated a return of 5.73% in the last 1 week (as on November 7, 2024).

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Reference
https://www.Apollo Hospitalscompany.in/sites/default/files/2024-11/SEoutcomeresultQ22024.pdf

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