Apollo Hospitals sees older hospitals' Ebitda growing to 25% in 3-4 years

Promoters say the plan to reduce pledged shares in the firm to 50% in a few months is on track

Apollo Hospitals Enterprise (AHEL) has said it expects to achieve a target of 23 per cent earnings before interest, tax, depreciation, and amortisation (Ebitda) margin from its older hospitals in the next 12 months. It hopes margins would go up to 25 per cent in the next 3-4 years. 

The promoters said the plan to reduce pledged shares in the firm to 50 per cent in a few months is on track.

At present, Ebitda margin from its 22 older hospitals, which are older, is around 22.1 per cent while the margins from the 10 new hospitals is around 8.4 per cent.