Apollo Hospitals Q4 results: Net profit jumps 50% but fails to keep up with analysts' estimates
Apollo Hospitals’ consolidated profit for the quarter ended on March 31, 2023, grew more than 50 per cent to Rs 146 crore as compared to Rs 97 crore in the same quarter a year ago.
Apollo Hospitals Enterprises on Tuesday reported a consolidated net profit of Rs 145.6 crore for the quarter ended March 2023, marking growth of more than 50 per cent compared with the corresponding period a year ago. The healthcare group's revenue grew 21.3 per cent on a year-on-year basis to Rs 4,302.2 crore, according to a regulatory filing.
The company's top-line as well as bottom-line fell short of analysts' estimates. According to Zee Business research, Apollo Hospitals Enterprise was estimated to report a net profit of Rs 195 crore and revenue of Rs 4,380 crore.
Apollo Hospitals Enterprise shares — traded on the bourses with the symbol APOLLOHOSP — ended 0.9 per cent lower at Rs 4,603.3 apiece on BSE after the earnings announcement.
Apollo Hospitals dividend
Apollo Hospitals Enterprise's board recommended a final dividend of Rs 9 per share for the financial year ended March 31 — a payout of 180 per cent given the value of Rs 5 per share.
The dividend is subject to the approval of shareholders at its ensuing Annual General Meeting (AGM), scheduled to be held on August 23.
Apollo Hospitals shares: Past performance
Apollo Hospitals shares finished the March quarter with a decline of 3.6 per cent, in line with a 4.1 per cent fall in the Nifty benchmark index.
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