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Below are Quote on Narayana Hrudayalaya reported a good set of numbers for Q4FY21 by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd   

Narayana Hrudayalaya Ltd reported total revenue from operations at ₹700 crores up by 9.5% YoY from ₹639.4 crores in Q4FY20.

Average room rental per occupied bed (ARPOB) is at 11 lakhs, up by 11% from 9.9 lakhs in Q4FY20 along with this average length of stay (LOS) has also increased by 37% to 4.8 days. Earning before tax and depreciation for the quarter up by 63% at ₹82.9 crores as compared to ₹50.8 crores in Q4FY20. Profit after tax for the quarter at ₹27.6 crores in Q4FY21 as compared to ₹5.18 crores up by 432%.

Overall the company reported a good set of numbers, some of this revenue growth in this quarter is from the covid 19 2^nd wave in India. Both Domestic as well as international business has recovered from the lows of Q2FY21. Company’s EBITDA margin has increased as ARPOB and LOS have increased by 11% and 37% respectively in this quarter. Next 2 quarters will be very important for the company as we can see covid 19 cases in India are in downtrend and no early sign of non-covid business picking up the pace.

We have a neutral rating on Narayana Hrudayalaya Ltd

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