India's Global Health eyes best day in nearly 2 yrs on Q3 profit rise

Global Health

05/02/2025 06:22

** Shares of Global Health  GLOH.NS  rise 7.6% to 1,120
rupees, eyes best one-day pct gain since March 31, 2023
    ** The healthcare facilities and services provider posted a
16% Y/Y rise in Q3 consolidated net profit to 1.43 bln rupees
($16.40 mln); rev from ops up 13%
    ** Co aided by higher patient volumes and strong
contributions from its developing hospitals
    ** Co saw 10.5% Y/Y rise in average occupied bed days,
aiding an occupancy of 63.6% on increased bed capacity
    ** More than 578,000 shares change hands, 1.9x its 30-day
avg
    ** 11 analysts covering the stock on avg have a "hold";
median PT is 1,200 rupees - LSEG data



($1 = 87.2025 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))