Apollo Hospitals surges 15% on strong Q1 results

The stock surged 15% to Rs 1,087 on the BSE after the posted a strong 70.86% year on year growth in net profit at Rs 601.6 million in June quarter.

Shares of Apollo Hospital Enterprises (AHEL) have surged 15% to Rs 1,087 per share on the BSE after the company posted a strong 70.86% year on year growth in net profit at Rs 601.6 million during the quarter ended June 30, 2018 (Q1FY19). It had a profit of Rs 352.1 million during the same period last year.

The trading volumes on the counter jumped nearly 10-fold with a combined 3.88 million equity shares changed hands on the BSE and NSE till 02:01 pm.

The company’s revenue grew 16% to Rs 19.12 billion during the quarter compared to Rs