Narayana Hrudayalaya

Hospital stocks gain in tepid mkt; Krishna Institute, Fortis rise up to 11%

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

Narayana Hrudayalaya Q2 PAT surges 71% to Rs 169 cr on robust performance

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

Narayana Hrudayalaya hits record high on healthy outlook; stock surges 9%

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.

Narayana Hrudayalaya to acquire Bengaluru-based orthopedic, trauma hospital

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

Narayana Hrudayalaya rallies 16% on strong March quarter results

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

Stocks to watch: ITC, Narayana Hrudayalaya, Magma Fincorp, auto stocks

State-owned Canara Bank on Monday said it has appointed S K Majumdar as its chief financial officer (CFO) with immediate effect

Stocks to watch: Torrent Power, Thomas Cook, Narayana Hrudayalaya, NTPC

Promoter PNB said that it will not participate in PNB Housing Finance's capital raising plans

Narayana Hrudayalaya surges 9%, hits record high in a range-bound market

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

Fortis CEO plans to cut spending by 20% to nurse hospital back to health

Even with its bold new plans, Fortis has not yet left its checkered past completely behind

Narayana Hrudayalaya plans Rs 500 cr expansion, to enter Africa

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

Narayana, HCG better placed in current challenging environment

Focus on specialty services, entering smaller cities can drive growth

Narayana Hrudayalaya slips on back of heavy volumes

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

Narayana Hrudayalaya surges 8% on good Q4 results

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

Narayana Hrudayalaya to acquire Panacea arm for Rs 180 cr

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

Narayana Hrudayalaya gains on strong Q1 results

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.