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Apollo Hospitals Enterprise Q4 net profit rises 60% to Rs 145 crore

The company's consolidated revenue from operation rose by 21.3 per cent to Rs 4,302 crore for the March quarter as compared to Rs 3,546 crore in the year-ago period

Apollo Hospitals

BS Web Team New Delhi

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Apollo Hospitals Enterprise Ltd, on Tuesday, reported a consolidated net profit of Rs 145 crore for the March quarter. This is 60.86 per cent rise from Rs 90.14 crore a year ago, the company statement said.

The company’s consolidated revenue from operation rose by 21.3 per cent to Rs 4,302 crore for the March quarter as compared to Rs 3,546 crore in the year-ago period, the company said in a regulatory filing.

In a regulatory filing, the company said, “The board of directors has recommended a final dividend of Rs 9 per equity share (180%) of the face value of of Rs 5 per share to the shareholders of the company for the FY2022-23.”

The dividend recommended by the board of directors of the company is subject to the approval of the shareholders at the ensuing annual general meeting (AGM) of the company.

The forty second annual general meeting (AGM) of the company is scheduled to be held on Monday, 23 August 2023 through video conferencing and other audio visual means, the company said in a BSE filing.

"Our unwavering commitment to deliver world-class healthcare has enabled us to scale new heights with our performance - both in terms of financial metrics and in the expansion of our healthcare service offerings," Apollo Hospitals Group Chairman, Prathap C Reddy stated.

The healthcare provider has continued to broaden its services, ensuring that it focuses not just on cure, but on preventive healthcare as well, he added.

"Looking ahead, we remain committed to investing in the best technology to enable superior care, including robotics, which have the potential to transform surgical procedures and improve outcomes. We also continue our focus on digital health, and have immense belief in its ability to make quality healthcare more accessible," Reddy said.

Shares of the company ended 0.92 per cent down at Rs 4,603.25 apiece on the BSE.

Earlier this month, Apollo Hospitals has launched key upskilling programme for the nursing workforce, the healthcare major said.

The initiative would offer nurses an opportunity to work abroad with advance learning and be a part of the global nursing community.

The programme, launched to commemorate the International Nurses Day (May 12), would offer language training, exposure to cutting-edge technology and tools, personalized career counselling sessions among others.

"The pandemic proved yet again that nurses play a critical role in the care continuum. The demand for skilled nursing personnel is only set to rise in the coming years both nationally and globally. The United States needs 50,000 nurses, the United Kingdom needs 20,000 to 30,000 nurses," Apollo Hospitals Group Chairman Prathap C Reddy said.

"Our collaborations with international institutes will ensure that the programme gives our nurses invaluable hands-on training and exposure in a world-class environment." he noted.

Apollo Hospitals said the participants for the programme would be identified based on a selection process.

(With inputs from PTI)

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First Published: May 30 2023 | 3:50 PM IST

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