Narayana Hrudayalaya Ltd Share Price – NSE  /  BSE

Healthcare, Small Cap

The said land parcel has been granted to the company by the West Bengal Housing Infrastructure Development Corporation (WBHIDCO).

The company stated that it has remitted the entire sum for the same in favour of WBHIDCO and the execution and registration of sale deed is proposed to be completed in due course.

Narayana Hrudayalaya is one of the leading healthcare service providers in India, operating a chain of multispecialty, tertiary, and primary healthcare facilities. The company has a network of 19 hospitals and 3 heart centers across India along with overseas presence at Cayman Islands, with over 5,820 operational beds and a capacity of over 6,090 beds.

The company reported 22.27% rise in consolidated net profit to Rs 188.02 crore on 6.69% increase in revenue from operations to Rs 1,203.64 crore in Q3 FY24 over Q3 FY23.

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Net profit of Narayana Hrudayalaya rose 22.27% to Rs 188.02 crore in the quarter ended December 2023 as against Rs 153.77 crore during the previous quarter ended December 2022. Sales rose 6.69% to Rs 1203.64 crore in the quarter ended December 2023 as against Rs 1128.17 crore during the previous quarter ended December 2022.

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Narayana Hrudayalaya will hold a meeting of the Board of Directors of the Company on 14 February 2024.

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Narayana Hrudayalaya has received credit ratings for bank facilities availed by the company as under:

Bank facilities of Rs 1200 crore
Long term rating - ICRA AA; Stable (reaffirmed)
Short term rating - ICRA A1+ (reaffirmed)

Proposed additional limit of Rs 700 crore
Long term rating - ICRA AA; Stable (assigned)Short term rating - ICRA A1+ (assigned)

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