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Q2FY24 Preview: Apollo Hospitals Enterprise: Revenue seen at Rs. 49,039 million, PAT at Rs. 2,415 million

2 Nov 2023 , 11:38 AM

Result date: November 9, 2023

Recommendation: Buy  

Target price: Rs. 5,750

Historically, September quarter has been better for hospitals owing to the seasonality factor.  This time though, this benefit will be lower owing to weak monsoons.

Analysts at IIFL Securities expect the company’s revenue to grow 15% over the year-ago quarter and 11% sequentially. They expect sequential improvement in occupancies due to the seasonality factor. At the same time they expect Average Revenue Per Operating Bed (ARPOB) to be lower on a sequential basis. Losses of Apollo 24/7 have been in the range of Rs. 1.8-1.9 billion over the past 3 quarters and analysts at IIFL Securities assume it to reduce as compared to the year-ago quarter.

The company’s Profit After Tax (PAT) could grow 18% over the year-ago quarter and 45% sequentially.

Rs. Million

September 2023 estimates

YoY change

QoQ change

Revenue 

49,039

15.4%

11.0%

EBITDA

6,030

6.6%

18.5%

EBITDA margin (%)

12.3%

(100) bps

77 bps

Profit After Tax 

2,415

18.4%

45.0%

Source: IIFL Research

Related Tags

  • Apollo Hospitals
  • Apollo Hospitals Enterprise
  • Apollo Hospitals Enterprise Q2
  • Apollo Hospitals Q2
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