You are here: Home » Companies » Results
Hong Kong's Cathay Pacific losses narrow as COVID restrictions ease
Price freeze on petrol, diesel, LPG to hit profitability of OMCs: Fitch
Business Standard

Max Healthcare Q1 net profit up 12% at Rs 229 cr; revenue rises 5%

'Q1FY23 performance reflects normalisation of revenues and operating EBITDA post Omicron wave in the previous quarter,' Max Healthcare Chairman and MD Abhay Soi said in a statement

Topics
Max Healthcare

Press Trust of India  |  New Delhi 



Max Healthcare

on Wednesday said its consolidated net profit increased by 12 per cent to Rs 229 crore for the June quarter driven by annual price revision and normalisation of patient footfalls.

The healthcare provider had reported a net profit of Rs 205 crore in the June quarter of last fiscal.

Net revenue during the period under review rose to Rs 1,393 crore as compared with Rs 1,322 crore in the April-June quarter of the last fiscal.

"Q1FY23 performance reflects normalisation of revenues and operating EBITDA post Omicron wave in the previous quarter," Institute Chairman and MD Abhay Soi said in a statement.

The quarter saw improvement in all operational and financial parameters, he added.

"With well laid out plan for distilling payor mix and expansion plans currently underway, we expect to further build on this performance in the coming years," Soi noted.

The company seeks to employ its deleveraged balance sheet towards inorganic growth in the near term, he added.

Shares of the company were trading 2.1 per cent down at Rs 373.55 apiece on the BSE.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Wed, August 10 2022. 15:49 IST

RECOMMENDED FOR YOU

.