Apollo Hospital Enterprises

Stocks to Watch Today: In the F&O space, BHEL, Delta Corp, Indiabulls Housing Finance and PNB are the stocks in ban period on Thursday.

A CCI investigation showed that higher pricing was charged for renting rooms, medicines, tests, medical devices, and consumables. In some hospitals, the room rents exceeded charges of 4-star hotels

The hospital asset was sold by DLF Qutub Enclave Complex Medical Charitable Trust in 2011 to Nayati Healthcare and Research NCR Pvt Ltd

Based on sum-of-the-parts valuation, some analysts have pegged their target price between Rs 4,900-5,000

Apollo Hospitals Enterprises on Wednesday said its consolidated profit after tax declined by 46 per cent to Rs 90 crore for the fourth quarter ended on March 31, 2022. The health care provider had reported a PAT of Rs 168 crore in the January-March quarter of 2020-21 fiscal. Revenue from operations rose to Rs 3,546 crore in the fourth quarter as compared with Rs 2,868 crore in the year-ago period. For the full year ended March 31, 2022 the company posted a consolidated net profit of Rs 1,056 crore as against Rs 150 crore in the 2020-21 fiscal. Revenue from operations stood at Rs 14,663 crore for the last fiscal while the same was at Rs 10,560 crore in FY21. The company's board recommended a dividend of Rs 11.75 per share of face value of Rs 5 each for the financial year ended March 31, 2022, it added. The company said its board also approved the re-appointment of Prathap C Reddy as a whole time director designated as an Executive Chairman for a period of two years with effect fro

Close to 8.7 million shares were alloted to 36 institutional investors at Rs 542 per share, the upper end of the price band

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Jammu and Kashmir on Tuesday signed an MoU with Apollo Hospitals for the establishment of a multi-specialty hospital in Jammu.

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The consolidated revenue grew 31% QoQ and 73% YoY at Rs 3,760 crore

Will look at acquisitions after monetising a small stake

According to the revised policy, private hospitals will receive 25 per cent of the vaccines and can charge Rs 150 in overhead at max

Prathap C Reddy, Chairman, Apollo Hospitals said,2020-21 would be challenging due to the effect of the Covid-19 pandemic.

In metropolitan cities, however, it will continue to stay away till the government programme raises the rates for surgery and treatment

It has added 13 new hospitals in the past two years, investing around Rs 2,000 crore

A combination of foreign and domestic institutional investors are expected to participate

The stock surged 15% to Rs 1,087 on the BSE after the posted a strong 70.86% year on year growth in net profit at Rs 601.6 million in June quarter.