Apollo Hospitals Enterprise, a leading healthcare provider in India, announced a robust 83% surge in its consolidated profit after tax (PAT) for the quarter ending June 30, 2024. The company’s PAT reached Rs 305 crore during this period, compared to Rs 167 crore in the same quarter last year. This growth was primarily attributed to a significant increase in healthcare revenue.
The consolidated revenue for the quarter also saw a notable 15% rise, reaching Rs 5,086 crore in Q1 FY25, compared to Rs 4,417 crore in the corresponding period of the previous year. Krishnan Akhileswaran, group CFO of Apollo Hospitals Enterprise, attributed the growth to increased volume driven by deeper market penetration. He highlighted that the April-June quarter of FY25 witnessed a positive trend in this regard.
Furthermore, Apollo Health Co’s loss decreased to Rs 12.9 crore in Q1 FY25, a significant improvement from Rs 82.6 crore in Q1 FY24. Madhu Sasidhar, President & CEO of Apollo Hospitals Enterprise, noted that markets such as Karnataka, the north, and western regions including Mumbai, performed particularly well.
However, the company did acknowledge a dip in the number of patients traveling from Bangladesh due to the ongoing crisis in the neighboring country. While this impact is considered short-lived, it is noteworthy as Bangladesh is a major source of international patients for Apollo, contributing approximately 2% of the hospitals’ revenue.
Apollo Hospitals Enterprise currently operates a network of 73 hospitals with a total capacity of 10,121 beds.
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