India's Apollo Hospitals gains after quarterly profit rise; brokerages stay bullish
BUZZ-India's Apollo Hospitals gains after quarterly profit rise; brokerages stay bullish ** Apollo Hospitals' APLH.NS shares rise 2.2% to 8,778.5 rupees
** June-qtr net profit rose to 5.81 billion rupees ($60.91 million), from 4.33 billion rupees a year earlier.
** Revenue from ops rose 20.6% YoY; Hospital occupancy at 70%, from 65% previously
** Co to add more than 5,800 beds over next five years, from 10,000 currently
** Antique Stock Broking raises FY27/28 EPS estimates, citing lower-than-expected losses at new units, resilient margins, cost-control measures, recovering international patient volumes
** DAM Capital says Apollo offers differentiated, scaled exposure to India's out-of-hospital healthcare spending opportunity, unlike traditional hospital-focused peers
** 23 of 27 brokerages rate stock "buy" or higher; median PT is 9,700 rupees - LSEG-compiled data
** YTD, stock up nearly 24%
($1 = 95.3900 Indian rupees)
(Reporting by Abhinav Parmar in Bengaluru)
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Brief: Apollo Hospitals Q2 Consol Net Profit 6.30 Billion Rupees