Apollo Hospitals reported 31.85% yoy growth in total sales revenues for the Dec-21 quarter on consolidated basis at Rs3,639cr. On a sequential basis, the revenues were marginally lower by -2.10%.
During the December 2021 quarter, revenues from the core healthcare services business saw an increase of 40.3% at Rs2,024cr. The pharmacy distribution vertical saw revenues grow yoy by 16% at Rs1,307cr.
The clinics verticals also saw growth of 59% yoy at Rs313cr. The retail pharmacy business has already been transferred to Apollo Pharmacy. During the quarter, the company raised Rs1,170cr via a QIP placement of 46.6 lakh shares at a price of Rs2,511.
For the Dec-21 quarter, the operating profits were up 65.14% at Rs438.03cr. However, on a sequential basis, the operating profits were lower by -6.85%.
In terms of the operating performance of various verticals, the principal healthcare services vertical saw operating profits grow by 102% you at Rs382cr. The clinics vertical was the surprise package with operating profits in the quarter growing by nearly 4-fold at Rs25cr while the pharmacy distribution business saw operating profits fall sharply by -55% at Rs32.1cr on a yoy basis.
The cost of materials and consumables were up 35% yoy but was offset by inventory efficiency gains in the quarter. Operating margins improved from 9.61% in Dec-20 quarter to 12.04% in the Dec-21 quarter. However, the operating margins were about 61 bps lower on a sequential basis.
Net Profit after tax (PAT) for the Dec-21 quarter was up 75.09% yoy at Rs228.37cr as the strong operating performance in the quarter got transmitted to the bottom line. Other Expenses escalated sharply in the quarter .
PAT margins improved from 4.73% in the Dec-20 quarter to 6.28% in the Dec-21 quarter. The PAT margins were lower by 49 bps on a sequential basis.
Financial highlights for Dec-21 compared yoy and sequentially
|
Apollo Hospitals |
|
|
|
|
Rs in Crore |
Dec-21 |
Dec-20 |
YOY |
Sep-21 |
QOQ |
Total Income (Rs cr) |
₹ 3,638.93 |
₹ 2,759.85 |
31.85% |
₹ 3,717.07 |
-2.10% |
Operating Profit (Rs cr) |
₹ 438.03 |
₹ 265.25 |
65.14% |
₹ 470.24 |
-6.85% |
Net Profit (Rs cr) |
₹ 228.37 |
₹ 130.43 |
75.09% |
₹ 247.82 |
-7.85% |
|
|
|
|
|
|
Diluted EPS (Rs) |
₹ 15.88 |
₹ 9.38 |
|
₹ 17.24 |
|
Operating Margins |
12.04% |
9.61% |
|
12.65% |
|
Net Margins |
6.28% |
4.73% |
|
6.67% |
|