Narayana Hrudayalaya rallies 16% on strong March quarter results

In view of near-term uncertainties amid Covid-19, the management has charted a path to reduce costs, increase efficiency and rationalize capex

Shares of Narayana Hrudayalaya rallied 16 per cent to Rs 507.60 on the BSE in intra-day trade on Tuesday after posting strong results wherein the company's consolidated profit after tax (PAT) in March quarter (Q4FY21) jumped nearly 6-fold at Rs 68 crore, on the back of healthy operational performance. The company, a leading healthcare service provider in India, had recorded profit of Rs 12 crore in Q4FY20.

Revenues grew 12.8 per cent year on year (YoY) to Rs 838 crore with India sales growing 9.5 per cent YoY to Rs 700 crore. On the EBITDA (earnings before interest, taxes,