Apollo Hospitals Q3 net up 3% at Rs 83 cr

The company had posted net profit of Rs 80.64 crore during the October-December period of 2012-13

Apollo Hospitals Enterprise Ltd (AHEL) has posted a growth of 3.47 per cent in net profit at Rs 83.44 crore for the quarter ended December 31, 2013, as against net profit of Rs 80.64 crore registered during the corresponding period of previous financial year, on a standalone basis.

The total income experienced a growth of 16 per cent to Rs 993.34 crore for the quarter, as compared to Rs 855.79 crore for the same period of last financial year.

The company's consolidated net profit stood at Rs 77.8 crore during the quarter marking a growth of 4.3 per cent as compared to Rs 74.6 crore during the corresponding quarter ended December 31, 2012. The reveneu posted a growth of 16 per cent to Rs 1128.8 crore compared to Rs 973.1 crore posted during the previous year.

"The last quarter also validated our strategy on calibrated expansion plan with respect to new locations asour new unit at Jayanagar, Bangalore achieved EBITDA breakeven in December and Vanagaram in Chennai is on track for breakeven soon. This has helped in chalking out a robust roadmap of expansion right up to 2017," said Pratap C Reddy, chairman, Apollo Hospitals.

AHEL has launched three new hospitals in the last 12 months - a 200 bed Multispecialty hospital at Vanagaram, Ayanambakkam, Chennai; a 140 bed Ortho and Spine Specialty Hospital at Jayanagar, Bangalore and a 200 bed Specialty Hospital in Trichy.