The Healthcare major, Apollo Hospitals disclosed a 17.52 percent fall in standalone net profit to Rs 72.17 crore for the first quarter ended June 30. The company had noted a net profit of Rs 87.51 crore during April-June quarter of the previous financial year, according to the filling by Apollo Hospitals. The company's net sales, however, during the quarter went up 12.23 percent at Rs 1,465.43 crore compared to Rs 1,305.73 crore in the same period last fiscal. Its total expenses grew up 13.33 percent to Rs 1,278.55 crore versus Rs 1,128.07 crore last year. Apollo Hospitals' revenue from healthcare services was up 5.91 percent to 833.09 crore as compared to Rs 786.60 crore of Q1 of FY 2015-16. Revenue from pharmacy saw a rise of 21.80 percent to Rs 632.47 crore against Rs 519.24 crore.
Apollo Hospitals share price settled at a rise of 0.60% at Rs. 1356.70 on 1st September, touching the day’s high and low at Rs. 1373.00 and Rs. 1345.75. But the stock is quoting at a fall of 0.05% at Rs. 1356.05, this morning.
On the other hand, in a separate filing, the company mentioned that its Board is going to discuss and deliberate the probability of considering and evaluating various options to restructure and reorganize the business of the company, by realigning the business lines as per verticals. It further added that the board authorized the restructuring committee to immediately take up measures as may be required and essential to evaluate, determine and prepare a road map for the proposed re-structuring, including engaging with relevant stake holders for this purpose.
The 52 week high of Apollo Hospitals share price was observed at Rs. 1,544.90 on 2nd March ’16 while the 52 week low is seen at Rs. 1,213.00 on 16th Nov ’15. The company has a market cap amounting to Rs. 18875.11 (Cr).
For detailed information kindly refer to Apollo Hospitals share price forecast.
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