Apollo Hospitals Announces Q3FY18 Results

Q3FY18 Standalone Revenues grew 13% to Rs. 18,961 million compared to Rs. 16,806 million in Q3FY17, aided by Healthcare services growth of 13% YoY, fully driven by volume growth and SAP growth of 13%. HC services growth of 13% YoY was led by new hospitals which reported 37% YoY Revenue growth while existing hospitals grew 8% YoY. EBITDA was at Rs. 2,213 million in Q3FY18 as against Rs. 1,941 million in Q3FY17. PAT was at Rs. 674 million in Q3FY18.

Overall Revenue adjusted for GST grew by 16% (against 13% reported) as SAP Revenues adjusted for GST would represent a growth of 19% (against 13% reported). All the hospitals in the network witnessed an across the board recovery in patient volumes in Q3, continuing the momentum from the start of the fiscal. Overall occupancy across the group was at 4,794 beds or 67%. The occupancy in mature hospitals was at 3,779 beds or 70% while new hospitals had occupancy at 1,015 beds or 60%.

Though Q3 is a seasonally weak quarter – this quarter witnessed a robust contribution to growth from new hospitals especially Navi Mumbai, Malleswaram, Trichy, Vizag, Nashik, and Nellore. The focus is to now continue to build …

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