India's Apollo Hospitals beats quarterly profit on demand for complex care
India's Apollo Hospitals beats quarterly profit on demand for complex care HYDERABAD/BENGALURU Aug 12 (Reuters) - India's Apollo Hospitals Enterprise APLH.NS posted a bigger-than-expected 34% rise in quarterly profit on Wednesday, as strong demand for complex treatments supported growth in its core healthcare services business.
The Chennai-based hospital operator's consolidated net profit rose to 5.81 billion Indian rupees ($60.95 million) in the quarter ended June 30, from 4.33 billion rupees a year earlier.
Analysts, on average, expected 5.62 billion rupees, according to data compiled by LSEG.
($1 = 95.3300 Indian rupees)
(Reporting by Rishika Sadam in Hyderabad and Kashish Tandon in Bengaluru; Editing by Janane Venkatraman and Jonathan Ananda)
((Kashish.Tandon@thomsonreuters.com; rishika.sadam@thomsonreuters.com))
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