Business Wire India
- Sustained organic growth YoY: Q1FY19 Revenue up by 14%
- EBITDA up by 188%; PAT up by 125%
- Performance driven by improving utilisations, focus on quality healthcare and operating efficiencies
Aster DM Healthcare, one of the largest private healthcare service providers in multiple GCC states and an emerging healthcare player in India, today announced its financial results for the quarter ended June 30, 2018. The second largest healthcare services provider in India by market cap, Aster DM Healthcare recorded a net profit of Rs. 20 crore for the quarter ending June 30, 2018. This represents a year-on-year increase of 125 percent when compared to loss of Rs. 80 crore registered in the same quarter of 2017. Revenue (excluding finance and investment income) for Q1FY19 recorded an increase of 14 percent reaching Rs.1789 crore on sustained organic growth from its existing operations that includes 20 hospitals, 112 clinics and over 210 pharmacies in nine countries, including India. Maintaining its strong financial performance in the quarter ended June 30, 2018, Aster DM Healthcare’s EBITDA grew 188% Y-o-Y to Rs. 139 crore compared to Rs. 48 crore, on the back of performance. The Company’s ability to report sustained profitability and achieve growth margins reflect the strength of its diversified healthcare offerings.
Financial Performance Highlights
Performance Review for Q1FY19 vs. Q1FY18
- Revenue (excluding finance and investment income) improves by 14% to Rs. 1789 crore compared to Rs. 1565 crore
- EBITDA higher by 188% Y-o-Y to Rs. 139 crore compared to Rs. 48 crore
- PAT (pre-NCI) increases to Rs. 20 crore compared to loss of Rs. 80 crore
- Diluted Earnings Per Share up to Rs. 0.25 as compared to loss of Rs. 1.66
Source: Businesswire