Quote On 3QFY21 Apollo Hospitals By Yash Gupta, Angel Broking
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Below are Quote On 3QFY21 Apollo Hospitals By Mr. Yash Gupta - Equity Research Associate, Angel Broking Ltd.
“Apollo hospitals reported very good set of numbers for Q3FY21, Apollo hospital enterprises reported revenue from operations for Q3FY21 at ₹2759.84 crores down by 5% YoY from ₹2911.74 crores in Q3FY20. Healthcare business reported revenue of 1442 crores along with pharmacy reported revenue of 1126.3 crores. Profit before tax for the quarter up by 17% at ₹169.80 crores in Q3FY21 as compared to ₹144.94 crores in Q3FY20. Profit after tax for the quarter at ₹134.16 crores in Q3FY21 as compared to ₹90 crores up by 48% in Q3FY20.
Apollo hospital reported a very good set of numbers for the quarter ended 31st December 2020, hospital business back to pre covid levels earlier than expected as well for the pharmacy business. Company EBITDA margins are better than the expected and we expect the company to maintain its margins in coming quarters. We maintain our positive outlook towards Apollo hospital.”
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
