Narayana Hrudayalaya reports Rs 3.20 cr net profit in Q4

Healthcare services provider Narayana Hrudayalaya today reported a net profit of Rs 3.20 crore for the quarter ended March 31.
The company reported a net profit of Rs 0.0469 crore in the corresponding period of the previous year.
The total income was at Rs 426 crore as against Rs 363.3 crore in the year-ago period.
For the year ended March 31, net profit stood at Rs 19.12 crore, and total income at Rs 1607.45 crore.
"Our focus continues to be on sustainable growth with profitability. This has been achieved by capitalising on our operating leverages which has ensured strong internal accruals to manage the entire capital requirements for the year," Narayana Hrudayalaya Vice Chairman, MD and Group CEO Ashutosh Raghuvanshi said in a release.

Founded in 2000 by Devi Prasad Shetty, the city headquartered company has a network of 23 hospitals and seven heart centres across India with over 5,300 operational beds across all its centres and potential to reach a capacity of over 6,600 beds.
The company said its consolidated EBITDA stood at Rs 50.64 crore during the fourth quarter of the last fiscal against Rs 40.76 crore during the corresponding period of previous year.
The company got listed on January 6, 2016.