Apollo Hospitals Q2 Results: PAT soars 63% YoY to Rs 379 crore, beats estimates

Leading hospital chain Apollo Hospitals on Wednesday reported a growth of 63% year-on-year in its net profit for the quarter ended September 30, 2024, to Rs 379 crore. The same stood at Rs 233 crore in the last year quarter.

The profit figure was higher than Street estimates of Rs 356 crore as reflected in a poll by ET Now.

Revenue from operations in the same period rose 15% YoY to Rs 5,589 crore in the July-September 2024 period, compared with Rs 5,589 crore in the same period of last year. The revenue was higher than ET Now poll estimates of Rs 5,485 crore.


EBITDA for the second quarter was at Rs 816 crore, 30% year-on-year growth.

“The first half of FY25 has been an exciting time for us, marked by these major milestones aimed at extending the reach and impact of our healthcare services," said Prathap C Reddy, Founder & Chairman, Apollo Hospitals.

Healthcare Services (HCS) revenue during the quarter recorded a growth of 14% YoY to Rs 2,903 crore, while AHLL revenues also rose 14% YoY to Rs 404 crore.

In Apollo HealthCo, pharmacy distribution and digital health revenues are at Rs 2,282 crore, showing growth of 17% YoY. The GMV of Apollo 24/7 is at Rs 757 crore.

"Moving forward, our mission is simple: to push the boundaries of healthcare and ensure that everyone, regardless of where they live, has access to the best medical services. This is our promise, and we are committed to making it a reality," said Prathap Reddy.

As of September 2024, Apollo Hospitals had 7,994 operating beds across the network (excluding AHLL and managed beds). The overall occupancy for hospitals was at 73% vs 68% in the same period in the previous year, aided by a strong increase in patient flows across hospitals.

On Wednesday, Apollo Hospital shares ended flat at Rs 6,969.95 on NSE.