Narayana Hrudayalaya

Apollo Hospitals Enterprise, and Narayana Hrudayalaya advanced 3 per cent each in the intra-day trade

Narayana Hrudayalaya on Wednesday reported a 71 per cent increase in consolidated profit after tax at Rs 169 crore for the second quarter ended September 2022, riding on the back of robust performance across units. The healthcare provider had posted a profit after tax (PAT) of Rs 99 crore in the July-September period of the previous fiscal. Consolidated total operating income stood at Rs 1,142 crore in the September quarter, as against Rs 941 crore in the corresponding period of the previous year, Narayana Hrudayalaya said in a statement. "Building upon the momentum of the previous quarter and backed by continued strong performance across our units, we are pleased to have delivered record profitability for the group during the quarter gone by," Narayana Hrudayalaya Managing Director and Group CEO Emmanuel Rupert stated. Anchored by the flagship units along with sustained uptick in other hospitals ensured that Indian operations, after having been severely impacted during the pandemi

Analysts believe that Narayana Hrudayalaya's revenues will increase by around 8 per cent QoQ to Rs 1,117 crore amid continued traction for elective surgeries.

Healthcare provider Narayana Hrudayalaya on Monday said it will acquire a Bengaluru-based orthopedic and trauma hospital for Rs 200 crore. The company has inked a business transfer agreement with Shiva and Shiva Orthopaedic Hospital to acquire its orthopedic and trauma hospital as a going concern on slump sale basis, including all assets, liabilities, employees, licenses and contracts, Narayana Hrudayalaya (NH) said in a regulatory filing. Part of the Sparsh Group of hospitals, which has presence across Karnataka, the concerned unit with around 100 operational beds has an operational track record of over a decade offering orthopaedic services, it added. The unit generated operational revenues of over Rs 49 crore in the last fiscal. "The acquisition will enable NH to foray into the trauma and orthopaedic specialty within the Narayana Health City campus housing our two flagship hospitals," the healthcare provider stated. On Monday, shares of the company ended 0.82 per cent down at R

In view of near-term uncertainties amid Covid-19, the management has charted a path to reduce costs, increase efficiency and rationalize capex

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Despite Covid-related challenges, the company posted substantial improvement in operational performance in September quarter

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Narayana, which has dominant presence in smaller cities, plans to enter high-value markets in India and foray into Africa

Focus on specialty services, entering smaller cities can drive growth

The stock slipped 9% to Rs 287 in intra-day day on back of heavy volumes.

The company reported consolidated net profit of Rs 22 crore in Q4 against Rs 5 crore in year ago.

Transaction intended to consolidate Narayana Hrudayalaya's footprint in northern cluster

The stock rallied 13% to Rs 329 after the company posted consolidated net profit of Rs 16.72 crore in June quarter against loss of Rs 50 lakh in the year-ago quarter.