India's Manipal Health Enterprises falls after quarterly profit drop
21/08/2026 05:47
BUZZ-India's Manipal Health Enterprises falls after quarterly profit drop ** Shares of Manipal Health Enterprises MNIA.NS fall as much as 3.5% to 699 rupees
** Co's June quarter consolidated net profit fell 7.5% year-on-year due to costs related to the acquisition of Sahyadri Hospitals
** Q1 revenue rose 38.1% y/y, boosted by higher patient volumes, increasing share of high-value specialty procedures
** This marks hospital operator's first quarterly earnings since listing on Aug 5
** Stock up 9.12% from IPO price
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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