Apollo Hospital reported better than expected numbers by Mr. Yash Gupta, Angel Broking Ltd
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Below are Quote on Apollo Hospital reported better than expected numbers by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd
Apollo Hospital reported total revenue from operations at ₹2868 crores, down by 1.9% YoY, from ₹2922 crores in Q4FY20. Hospital revenue has done well, up by 10.1%, to ₹1542 Crores. Occupancy levels are at similar levels of 63% and average room rental per occupied bed (ARPOB) was up by 11%. Adjusted EBITDA for the quarter at ₹432 crores was up by 13.7% as compared to ₹380 crores in Q4FY20. EBITDA margins have improved from 13% to 15.1% in Q4FY21. Profit after tax for the quarter came in at ₹169.8 crores in Q4FY21 as compared to ₹224.2 crores in Q4FY20, owing to an exceptional item of more than ₹190 crores in Q4FY21.
Apollo Hospital has reported a good set of numbers for Q4FY21. Hospital business has done well for the company and pharmacy business was flat for the quarter (adjusted for the sale of front-end business). We have a buy recommendation for Apollo Hospitals with target price of ₹3700.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
