Q4FY23 Preview: Apollo Hospitals Enterprise: Revenue seen at Rs. 42,317 million, PAT at Rs. 1,523 million

29 May 2023 , 10:37 AM

Result date: 30^th May, 2023

Recommendation: Buy

Target price: Rs. 5,150

Analysts at IIFL Capital Services expect Apollo Hospitals Enterprise (Apollo) to witness a sequential improvement of 150-200 basis points in patient occupancies. The company’s revenue could grow 19% over the year-ago quarter and decline 1% sequentially.

Apollo’s EBITDA losses for 24/7 are likely to remain flat sequentially at Rs. 1.9 billion. Overall EBITDA could inch up 3% over the year-ago quarter, even as they could dip 5% on a sequential basis.

Profit After Tax (PAT) could grow 69% over the year ago quarter and decline 3% on a sequential basis.

Important management insights to watch out for:

• Momentum of services provided on online Apollo 24/7 platform

	March 2023 estimates	YoY change	QoQ change
Revenue (Rs. mn)	42,317	19%	(1)%
EBITDA (Rs. mn)	4,791	3%	(5)%
EBITDA margin (%)	11.3%	(174) bps	(53) bps
Profit After Tax (Rs. mn)	1,523	69%	(3)%

Source: IIFL Research