India's Krishna Institute of Medical Sciences jumps after strong Q1 results

Krishna Institute of Medical Sciences

11/08/2021 09:56

** Indian hospital chain operator's shares  KRII.NS  climb
as much as 11.4% to 1,300 rupees, post their biggest intraday
pct gain since July 5
    ** KRII on Tuesday posted an eight-fold jump in June-qtr
consolidated net profit to 891.3 mln rupees ($11.97 mln), while
rev from ops more than doubled to 4.73 bln rupees  urn:newsml:reuters.com:*:nFWN2PH16F
    ** KRII's Q1 results helped by greater contribution from
ECMO and heart & lung transplant programme and higher occupancy
of COVID-19 patients
    ** "While critical surgeries like transplants, trauma, etc.
continued, elective surgeries were impacted. However, we have
now seen the (outpatient) footfalls coming back to near normal"
- KRII MD B. Bhaskara Rao
    ** Co operates nine multi-specialty hospitals in the
southern states of Andhra Pradesh and Telangana, with an
aggregate bed capacity of 3,064
    ** Co made its market debut on June 26, with its shares
opening at a 22.3% premium to their initial public offering
(IPO) price of 825 rupees
    ** Co raised 21.44 bln rupees ($287.91 mln) in its IPO
    ** Up to Tuesday's close, stock had risen 17% since market
debut

($1 = 74.4680 Indian rupees)

 (Reporting by Anuron Kumar Mitra in Bengaluru)
 ((AnuronKumar.Mitra@thomsonreuters.com; +91 99863 58469;))