Apollo Hospitals net profit dips 35% to Rs 323.78 crore in June quarter

The company's revenue from operations dipped marginally by 1 per cent during the quarter under review to Rs 3,795.60 crore, as against Rs 3,760.21 crore

Apollo Hospitals
Apollo Hospitals
BS Reporter Chennai
2 min read Last Updated : Aug 12 2022 | 1:36 AM IST
Apollo Hospitals Enterprise has posted a 35 per cent dip in net profit for the April to June quarter of the financial year 2022-23 to Rs 323.78 crore, as compared to Rs 500.68 crore during the same period last financial year.

The company’s revenue from operations dipped marginally by 1 per cent during the quarter under review to Rs 3,795.60 crore, as against Rs 3,760.21 crore. The net profit was after a deferred tax reversal of Rs 154 crore. Apollo’s total expenses increased marginally by 2 per cent during the quarter, to Rs 3,545.36 crore as compared to Rs 3,475.58 crore in the same period last year

During the quarter under review, Apollo’s healthcare segment revenue stood at Rs 2,032.07 crore, up 5 per cent compared to Rs 1,941 crore during the April to June quarter in 2021-22. The revenue from another major segment, pharmacy distribution, came down by 3 per cent from Rs 1,512 crore during the Q1 of 2021-22 to Rs 1,472.92 crore during the first quarter of 2022-23. The revenue from clinics segment also dropped to Rs 293.01 crore during the period under review, as compared to Rs 309 crore during the same quarter last financial year.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :healthcareApollo Hospitals

Next Story