India's Max Healthcare hits record high on strong Q2

Max Healthcare Institute

02/11/2022 08:39

** Shares of hospital chain operator Max Healthcare Institute
 MAXE.NS  rise as much as 5.5% to hit a record high of 482.8
rupees
    ** Co on Tuesday reported three-fold jump in qtrly profit to
4.57 billion Indian rupees ($55.21 million) 
    ** Profit included one-time income of 2.44 bln rupees - MAXE
    ** Revenue from operations rose 11.6% to 11.37 bln rupees 
    ** Occupancy for Q2 stood at 78% against 75% yr ago and 74%
in Q1 
    ** Internal medicine saw a 26% QoQ jump in occupied bed days
on seasonal infections - MAXE
    ** Average revenue per occupied bed, a key metric for
hospitals, rose 12% YOY, led by improvement in surgical mix, 
normalisation of outpatient foot falls and annual price
revision, MAXE said
    ** More than 4.7 mln shares changed hands vs the 30-day avg
of 2.4 million shares 
    ** As of last close, MAXE stock up 3.36% YTD
($1 = 82.7750 Indian rupees)
 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))