Global Health, which operates hospitals under the Medanta brand, on Tuesday reported 16 per cent increase in its profit after tax to Rs 143 crore for the third quarter ended December 31, 2024, driven by higher patient volume. The healthcare provider posted a profit after tax of Rs 123 crore in the October-December quarter of last fiscal. Revenue from operations rose to Rs 943 crore in the third quarter as compared with Rs 836 crore in the year-ago period, Global Health said in a regulatory filing. "We have delivered a strong performance this quarter, driven by higher patient volumes and strong contributions from our developing hospitals," Pankaj Sahni, Group CEO and Director said. The company said its board has approved the signing of the lease agreement to operate and manage a newly built 110-bed hospital in Ranchi. "This expansion will further strengthen our capacity to meet the growing healthcare needs in the region while raising the standard of healthcare delivery," Sahni ...
Company board approves signing of lease agreement for a new 110-bed hospital in Ranchi
The company's ARPOB per day rose to Rs 62,140 in Q2 FY25, a marginal growth of 1.9 per cent Y-o-Y compared to Rs 61,003 reported for the same period last year
"The hospital is expected to commence operations in around four years, subject to necessary statutory and customary approvals"
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Global Health, which operates hospitals under the Medanta brand, on Friday said its consolidated profit after tax increased 4 per cent year on year to Rs 106 crore for the first quarter ended June 30, 2024. The company had reported a profit after tax (PAT) of Rs 102 crore in the April-June quarter. Revenue from operations rose to Rs 861 crore in the June quarter as compared to Rs 779 crore in the year-ago period, Global Health said in a regulatory filing. Medanta Chairman & Managing Director Naresh Trehan said that on July 22, 2024, the company has received confirmation from the Mumbai Housing and Area Development Authority (MHADA) regarding a successful bid for a land parcel measuring 8,859.24 square meter at Mauje-Oshiwara, Jogeshwari, Mumbai. "This pivotal step marks Medanta's entry into the dynamic Mumbai market, where we plan to establish a 500-plus-bedded super-speciality hospital," he added. The facility will provide medical services and advanced treatment options to the ..