KIMS Hospitals surges 10% on strong June quarter results

The company said growth during Q1 FY22 was on account of contribution from ECMO and Heart & Lung Transplant program, which has doubled compared to previous quarter

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A medic administers the first dose of Covishield vaccine to a frontline worker, after the virtual launch of Covid-19 vaccination drive by Prime Minister Narendra Modi, at a health center in Visakhapatnam, Saturday, Jan. 16, 2021. (PTI Photo)

SI Reporter Mumbai

2 min read Last Updated : Aug 11 2021 | 12:33 PM IST

Shares of recently listed healthcare facilities company Krishna Institute of Medical Sciences (KIMS) surged over 10 per cent to Rs 1,300 on the BSE in the intra-day trade on Wednesday after the company reported a strong 57 per cent growth in consolidated profit after tax (PAT) at Rs 92.0 crore for the quarter ended June 2021 (Q1FY22) on a sequential basis.

Ebitda (earnings before interest, taxes, depreciation, and amortization) was up 41 per cent quarter on quarter (QoQ) at Rs 147.9 crore, while margins improved 200 basis points (bps) to 31.0 per cent in Q1FY22 from 29.0 per cent

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