Narayana Hrudayalaya Q2 Profit Drops 12.3% to ₹198.8 Crore

4 Nov 2024 , 02:03 PM

Narayana Hrudayalaya Ltd. reported a 12.3% year-on-year (YoY) decrease in net profit to ₹198.8 Crore for Q2 FY25, down from ₹226.7 Crore in the same period last year.

The company’s total operating revenue rose by 7.3% YoY to ₹1,400 Crore, up from ₹1,305.2 Crore, showing a sequential growth of 4.4%.

EBITDA reached ₹332 Crore for Q2 FY25, reflecting a margin of 23.7%, with a 1.7% YoY increase and 1.4% sequential rise. Revenue from India operations increased by 11% YoY to ₹1,168.4 Crore, up from ₹1,052.7 Crore, with a 7.6% growth from the previous quarter.

At the time of writing on November 4, 2024 at 1:57 pm, shares of Narayana Hrudayalaya Ltd is trading at ₹1214.85 which is a 2.67% dip than the previous close. Narayana Hrudayalaya Ltd stock has gained a total of 17% in the last one year, and 0.95% gain since the beginning of the year.

Cayman Islands operations saw a 7% YoY decline in revenue to ₹242.3 Crore, with a 9.4% drop from the last quarter. As of September 30, 2024, total borrowings after adjustments stood at ₹268.4 Crore, with a net debt-to-equity ratio of 0.08, including $81.5 million in foreign currency debt.

Dr. Emmanuel Rupert, MD & CEO, highlighted revenue growth driven by increased domestic patient footfalls and steady performance across hospital units, despite lower international patient inflows.