Shalby Ltd Share Price – NSE  /  BSE

Healthcare, Small Cap

The company announced that the Charity Commissioner of Mumbai has approved its application, submitted last November, to lease the immovable property of Asha Parekh Hospital, also known as Smt Bhikhubai Chandulal Jalundwala General Hospital (BCJ).

Shalby plans to construct a new hospital with over 175 beds at the Santacruz location. The company will now proceed with executing the lease agreement and obtaining necessary approvals for the construction project.

Shalby is the largest chain of multi-specialty hospitals in Western and Central India. It operates under three main verticals, namely, hospital business, Shalby Orthopedics Centre of Excellence (SOCE) franchise and implant business.

Shalby's consolidated net profit declined 20.29% to Rs 16.60 crore in Q1 FY25 as against Rs 20.82 crore in Q1 FY24. Revenue from operations jumped 18.43% YoY to Rs 278.89 crore in Q1 FY25.

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Net profit of Shalby declined 29.24% to Rs 14.74 crore in the quarter ended June 2024 as against Rs 20.83 crore during the previous quarter ended June 2023. Sales rose 18.43% to Rs 278.89 crore in the quarter ended June 2024 as against Rs 235.49 crore during the previous quarter ended June 2023.

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However, Revenue from operations jumped 18.43% to Rs 278.89 crore in Q1 FY25 as against to Rs 235.48 crore recorded in Q1 FY24.

Profit before tax stood at Rs 30.41 crore in the quarter ended 30 June 2024, down 7.75% from Rs 32.96 crore recorded in Q1 FY24.

On segmental front, revenue from healthcare services increased 15.85% YoY to Rs 253.88 crore while revenue from manufacturing of implants jumped 52.99% YoY to Rs 25 crore.

During the quarter, EBITDA stood at Rs 45.4 crore, registering de-growth of 1.73% as compared with Rs 46.2 crore posted in Q1 FY24. EBITDA margin contracted to 16.3% in Q1 FY25 as against 18.1% recorded in Q1 FY24.

Shalby is the largest chain of multi-specialty hospitals in Western and Central India. It was founded by arthroplasty specialist, Dr. Vikram Shah. It performs more than 14,000 joint replacement surgeries a year and in the last 29 years has performed more than 1,45,000 joint replacements. It operates under three main verticals, namely, hospital business, Shalby Orthopedics Centre of Excellence (SOCE) franchise and implant business.

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Shalby will hold a meeting of the Board of Directors of the Company on 8 July 2024.

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