Aster DM Healthcare gains after revision in credit rating

Aster DM Healthcare was up 3.54% to Rs 138.95 at 9:31 IST on the BSE after ICRA revised ratings of the company's total credit facility of Rs 168 crore.

The announcement was made on Saturday, 15 June 2019.

Meanwhile, the S&P BSE Sensex was down by 183.25 points, or 0.46% to 39,268.82.

On the BSE, 1289 shares were traded in the counter so far compared with average daily volumes of 2842 shares in the past two weeks. The stock had hit a high of Rs 140.20 and a low of Rs 138.45 so far during the day. It hit a 52-week high of Rs 188 on 15 June 2018 and a 52-week low of Rs 126 on 15 May 2019

 

Aster DM Healthcare announced that ICRA has upgraded the credit rating of long-term bank facilities from 'ICRA BBB+ (Positive)' to 'ICRA A- (Stable)' for the long-term facilities of the company. ICRA reaffirmed the credit rating of 'ICRA A2+' for the short-term facilities of the company.

On a consolidated basis, Aster DM Healthcare's net profit rose 41.80% to Rs 209.33 crore on a 23.36% rise in the net sales to Rs 2201.03 crore in Q4 March 2019 over Q4 March 2018.

Aster DM Healthcare is a healthcare service provider.

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