India's Apollo Hospitals quarterly profit rises on higher occupancy rates (updated)

Max Healthcare Institute

10/02/2025 14:57

(Adds details)
       Feb 10 (Reuters) - Apollo Hospitals Enterprise  APLH.NS 
reported third-quarter profit that beat estimates on Monday,
helped by better occupancy at its hospitals.
        The Chennai-based hospital chain, which had over 7,996
beds as of December 2024, said it was on track to add 3,512 beds
over a period of three to four years, beginning FY26.
  
        Hospital-chain operators such as Apollo, Max Healthcare
 MAXE.NS  and Aster DM Healthcare  ATRD.NS  have been focusing
on growing their bed counts and expanding their existing
projects on a robust post-pandemic demand for healthcare
services.
  
        "The overall occupancy for hospitals was at 68% vs 66%
in the same period in the previous year, aided by a strong
increase in patient flows across hospitals," Apollo said in a
statement. 
  
    The company's consolidated net profit rose 51.8%
year-on-year to 3.72 billion Indian rupees ($42.5 million) for
the quarter ended December 31. Analysts, on average, expected
3.51 billion rupees, according to data compiled by LSEG.
    Higher surgery volumes also provided a boost to the hospital
chain's growth.  
        This helped its revenue from the healthcare services
business - which contributes more than half its total revenue -
jump 12.9%, pushing overall revenues up by 14% to 55.27 billion
rupees. Analysts, on average, expected revenue of 55.23 billion
rupees. 
  
        The company's digital health and pharmacy vertical,
which offers online consultations and operates the Apollo 24/7
platform, reported a 14.8% year-on-year rise in revenue. 
  

($1 = 87.4470 Indian rupees)

 (Reporting by Rishika Sadam, Anuran Sadhu, Kashish Tandon in
Bengaluru; Editing by Pooja Desai)
 ((Kashish.Tandon@thomsonreuters.com; 8800437922;))