Apollo Hospitals' net profit drops y-o-y by 35% to Rs323.78 crore in the June quarter

12 Aug 2022 , 08:52 AM

In comparison to the same period last year, Apollo Hospitals Enterprise’s net profit for the April to June quarter of the financial year 2022—23 fell by 35% to Rs323.78 crore, from Rs500.68 crore.

During the reviewed quarter, the company’s operating revenue slightly decreased by 1% to Rs3,795.60 crore from Rs3,760.21 crore. After reversing deferred taxes by Rs154 crores, the net profit was calculated. During the quarter, Apollo’s overall costs grew slightly by 2% to Rs3,545.36 crore from Rs3,475.58 crore during the same time last year.

Apollo’s healthcare segment revenue for the quarter under review was Rs2,032.07 crore, an increase of 5% from Rs1,941 crore for the April to June quarter in 2021—2022. Pharmacy distribution, a different important segment, saw a 3% decline in revenue from Rs1,512 crore in Q1 2021—2022 to Rs1,472.92 crore in Q1 2022—2023. In addition, the clinic’s segment’s revenue decreased to Rs293.01 crore during the reviewed period from Rs309 crore during the same quarter prior fiscal year.