Update on Business of Metropolis Healthcare By Keshav Lahoti, Angel Broking
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/01/e3a35b69951dbdee98f19920e8f56be4.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below are Update on Business of Metropolis Healthcare By Mr. Keshav Lahoti, Associate Equity Analyst, Angel Broking Ltd
Metropolis Healthcare has achieved ~23% Year-on-Year growth in Revenue in Q3FY21. The Company has achieved positive growth on a Year-on-Year basis in Q3FY21 for Non-Covid business in comparison to 85% in Q2FY21 and 50% in Q1FY21. On-account of continuous efforts towards cost optimization and strong revenue uptick, EBITDA margins in Q3FY21 have enhanced in comparison to Q3FY20 EBITDA margin of 28.2%. The no. of tests for Q3FY21 stood at approximately 5.12mn compared to 4.78mn in Q3FY20. The Company continues to be a Net Cash Company with Cash and Cash equivalents of over Rs. 365 Crore at the end of December 31, 2020. We continue to have a buy rating on the Company given expected long term growth rates of ~15% CAGR, stable margins profile and moderating competitive intensity.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/06/fc4f4e055fbeb1c90e1947acbc9ed535.jpg)
On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
![Nifty started the day marginally positive and traded in a range for the first couple of hours - Angel One](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/09/76f068e997559da07c573304813e5eb1.jpg)
![Quote on Real-estate sector update By Mr. Yash Gupta, Angel One Ltd](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/09/4b5a0a599bcbe376a888db007b60cf05.jpg)
![Our markets had a remarkable comeback in last four sessions as we not only managed to recover from lows but also went on to clock fresh highs - Angel One](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/09/1ed485bceaf71b7ee647be1831341885.jpg)