Krishna Institute of Medical Sciences Ltd Share Price – NSE  /  BSE

Healthcare, Small Cap

As on 31 December 2023, the company along with its subsidiaries has 3,975 beds and the occupancy rate of its capacity was 72.2 %.

The proposed new hospital at Thane would be a multi-specialty hospital with tertiary and quaternary care facilities having a land area of approximately 2.59 acres and a total built-up area of 2.72 Lakh square feet.

With the new hospital, the company intends to add 300 new beds. The project would be completed within a period of 9 to 12 months.

The investment in the project is expected to be around Rs 500 crore. The purchase of the building and lease amount will be paid from bank loan and internal accruals.

This will be the first hospital of KIMS in the Mumbai-Thane region and the third in Maharashtra, following its presence in Nagpur and Nashik. The Nashik unit will be opening in Q1 FY25.

Headquartered in Hyderabad, Krishna Institute of Medical Sciences Limited (KIMS Hospitals) is one of the largest corporate healthcare groups in Telangana and Andhra Pradesh, providing multi-disciplinary integrated healthcare services, with a focus on tertiary and quaternary healthcare at affordable cost. It has a network of 12 hospitals and 3940 beds spread across Telangana, Andhra Pradesh and Maharashtra.

The company’s consolidated net profit declined 5.45% to Rs 71.84 crore in Q3 FY24 as compared to Rs 75.98 crore posted in Q3 FY23. Revenue from operations stood at Rs 605.84 crore in third quarter of FY24, up 7.77% year on year.

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Krishna Institute of Medical Sciences has entered into a definitive agreement for the acquisition of land on a 99-year lease and purchase of the building thereon for setting up a new Hospital at Thane.

The investment in the project is expected to be around Rs. 500 crore. The purchase of the building and lease amount will be paid from bank loan and internal accruals.

It would be a multi-specialty hospital with state-of-the-art tertiary and quaternary care facilities having a land area of approximately 2.59 Acres and a total built-up area of 2.72 Lakh sq. ft. The proposed hospital will have a bed capacity of 300 beds (approx.). This will be the first hospital of KIMS in the Mumbai-Thane region and the third in Maharashtra, following its presence in Nagpur and Nashik. The Nashik unit will be opening in Q1 FY25.

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Net profit of Krishna Institute of Medical Sciences declined 5.45% to Rs 71.84 crore in the quarter ended December 2023 as against Rs 75.98 crore during the previous quarter ended December 2022. Sales rose 7.77% to Rs 605.84 crore in the quarter ended December 2023 as against Rs 562.16 crore during the previous quarter ended December 2022.

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Triveni Turbine Ltd, Ingersoll-Rand (India) Ltd, Latent View Analytics Ltd, Jindal Worldwide Ltd are among the other stocks to see a surge in volumes on BSE today, 06 February 2024.

Krishna Institute of Medical Sciences Ltd clocked volume of 11.67 lakh shares by 10:47 IST on BSE, a 223.13 times surge over two-week average daily volume of 5231 shares. The stock gained 1.76% to Rs.2,127.00. Volumes stood at 14991 shares in the last session.

Triveni Turbine Ltd recorded volume of 3.22 lakh shares by 10:47 IST on BSE, a 13.15 times surge over two-week average daily volume of 24502 shares. The stock gained 13.56% to Rs.403.35. Volumes stood at 32783 shares in the last session.

Ingersoll-Rand (India) Ltd registered volume of 5231 shares by 10:47 IST on BSE, a 5.25 fold spurt over two-week average daily volume of 996 shares. The stock rose 3.99% to Rs.3,400.00. Volumes stood at 1075 shares in the last session.

Latent View Analytics Ltd registered volume of 3.76 lakh shares by 10:47 IST on BSE, a 4.47 fold spurt over two-week average daily volume of 84209 shares. The stock rose 5.52% to Rs.517.65. Volumes stood at 64138 shares in the last session.

Jindal Worldwide Ltd notched up volume of 24816 shares by 10:47 IST on BSE, a 3.22 fold spurt over two-week average daily volume of 7697 shares. The stock rose 7.12% to Rs.313.75. Volumes stood at 6135 shares in the last session.

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