Apollo Hospitals Enterprise Ltd Share Price – NSE  /  BSE

Healthcare, Mid Cap

The domestic equity indices traded with limited gains in early afternoon trade. The Nifty hovered above the 22,500 level. Media shares witnessed profit booking after advancing in the past three consecutive trading sessions.

At 12:30 IST, the barometer index, the S&P BSE Sensex, was up 164.53 points or 0.22% to 74,049.34. The Nifty 50 index rose 38.60 points or 0.17% to 22,527.25.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index declined 0.41% and the S&P BSE Small-Cap index rose 0.17%.

The market breadth was negative. On the BSE, 1,576 shares rose and 2,119 shares fell. A total of 129 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 5.38% to 22.87. The Nifty 27 June 2024 futures were trading at 22,629.55, at a premium of 102.3 points as compared with the spot at 22,527.25.

The Nifty option chain for the 27 June 2024 expiry showed maximum Call OI of 50.5 lakh contracts at the 24,000 strike price. Maximum Put OI of 45.1 lakh contracts were seen at 22,000 strike price.

Buzzing Index:

The Nifty Media index slipped 1.25% to 1,873.15. The index rose 0.97% in past three consecutive trading sessions.

Zee Entertainment Enterprises (down 2.3%), Dish TV India (down 2.26%), Network 18 Media & Investments (down 2.1%), Saregama India (down 1.41%), TV18 Broadcast (down 0.94%), Sun TV Network (down 0.91%), Hathway Cable & Datacom (down 0.73%), Nazara Technologies (down 0.5%) and PVR Inox (down 0.2%) declined.

Stocks in Spotlight :

Apollo Hospitals Enterprise added 0.07%. The company’s consoloidated net profit surged 75.64% to Rs 253.8 crore as compared to Rs 144.5 crore reported in Q4 FY23. Revenue from operations jumped 14.92% year on year to Rs 4,943.9 crore in the quarter ended 31 March 2024.

Swan Energy was locked in 5% lower circuit after the company reported a 10.55% decline in consolidated net profit to Rs 55.58 crore as compared to Rs 62.14 crore posted in Q4 FY23. Revenue from operations climbed 49.79% to Rs 1,397.90 crore in Q4 FY24 over Q4 FY23.

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Apollo Hospitals Enterprise announced that the Board of Directors of the Company at its meeting held on 30 May 2024, inter alia, have recommended the final dividend of Rs 10 per equity Share (i.e. 200%) , subject to the approval of the shareholders.

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Revenue from operations jumped 14.92% year on year to Rs 4,943.9 crore in the quarter ended 31 March 2024.

Profit before tax in Q4 FY24 was at Rs 368.2 crore, up 45.19% from Rs 253.6 crore recorded in Q4 FY23.

EBITDA grew by 31.2% to Rs 640.5 crore in the March quarter as against Rs 488.2 crore posted in Q4 FY24. EBITDA margin improved to 13% in Q4 FY24 as compared to 11.3% registered in the corresponding quarter previous year.

During the quarter, the company's revenue from Healthcare Services was at Rs 2,579.5 crore (up 15.80% YoY) and revenue from Digital Health & Pharmacy distribution was Rs 2,026.7 crore (up 12.64% YoY) and the revenue from Retail Health & Diagnostics stood at Rs 353.7 crore (up 14.65% YoY).

On full year basis, the company's consolidated net profit grew 9.71% to Rs 898.6 crore on 14.73% jump in revenue to Rs 19,059.2 crore in FY24 over FY23.

As on 31 March 2024, Apollo Hospitals has 7,945 operating beds across the network (excluding AHLL & managed beds), out of which 2,557 were new with 1,603 occupied beds. The overall occupancy for hospitals was at 65% versus 64% in the same period in the previous year, aided by a strong increase in patient flows across hospitals, the company stated in the press release.

Dr. Prathap C. Reddy, chairman, Apollo Hospitals Group said, “While Apollo leads the paradigm shift in healthcare focused on prevention of diseases, we are committed to advance our research efforts and leverage cutting-edge, new-age technologies like AI and robotics to enhance patient outcomes.”

Meanwhile, the company’s board has recommended a final dividend of Rs 10 per share for the financial year 2023-24. The record date for the divided is fixed on Saturday, 17 August 2024.

Apollo Hospitals Enterprise is a private sector healthcare provider. It owns and operates hospitals across the country.’

The scrip rose 0.22% to end at Rs 5,773.60 on the BSE.

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Net profit of Apollo Hospitals Enterprise rose 75.64% to Rs 253.80 crore in the quarter ended March 2024 as against Rs 144.50 crore during the previous quarter ended March 2023. Sales rose 14.92% to Rs 4943.90 crore in the quarter ended March 2024 as against Rs 4302.20 crore during the previous quarter ended March 2023.

For the full year,net profit rose 9.71% to Rs 898.60 crore in the year ended March 2024 as against Rs 819.10 crore during the previous year ended March 2023. Sales rose 14.73% to Rs 19059.20 crore in the year ended March 2024 as against Rs 16612.50 crore during the previous year ended March 2023.

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