Apollo Hospitals dips post Q4 earnings
Q4 profit at Rs 76 crore on back one-time gain due to sale of assets against an average analyst estimates of Rs 82 crore.
Apollo Hospitals Enterprise has dipped 4% to Rs 1,028 on reporting a 27% year-on-year (yoy) jump in standalone net profit at Rs 75.52 crore for the quarter ended March 31, 2013 (Q4) on the back of one-time gain due to sale of assets. Analyst on an average had expected profit of Rs 82 crore for the quarter. The company had profit of Rs 59.32 crore in a year ago quarter.
“The company earned extraordinary income of Rs 4.54 crore on selling of the assets related to seven of its clinics to its 100% subsidiary as a slum sale,” Apollo Hospitals Enterprise said in a statement.
Total income from operations grew 14% at Rs 848 crore on yoy basis, it added.
The stock opened at Rs 1,072 and hit a low of Rs 1,021 on NSE. A combined 660,346 shares changed hands on the counter so far on NSE and BSE.
“The company earned extraordinary income of Rs 4.54 crore on selling of the assets related to seven of its clinics to its 100% subsidiary as a slum sale,” Apollo Hospitals Enterprise said in a statement.
Total income from operations grew 14% at Rs 848 crore on yoy basis, it added.
The stock opened at Rs 1,072 and hit a low of Rs 1,021 on NSE. A combined 660,346 shares changed hands on the counter so far on NSE and BSE.