Apollo Hospitals hit 52-week high as net profit jumps 60% in Q3

Apollo Hospitals share price: Apollo Hospitals shares were in focus on Friday, February 9, after the Chennai-headquartered healthcare group posted a 60 per cent increase in its consolidated profit after tax (PAT) to Rs 245 crore for the December quarter, on account of higher sales on Thursday post-market hours. Apollo Hospitals shares rose as much as 3.9 per cent to clock a fresh 52-week high of Rs 6,473.95 on BSE. The counter closed at Rs 6,435, up 3.29 per cent or Rs 205.25 on BSE.

Apollo Hospitals Q3 results

The healthcare provider reported a profit after tax (PAT) of Rs 153 crore in the October-December quarter of the last fiscal. Revenues stood at Rs 4,51 crore for the third quarter as against Rs 4,264 crore logged a year ago, a growth of 14 per cent year-on-year, Apollo Hospitals said in a statement.

Apollo Hospitals: Management Commentary

"In the pursuit of a healthier nation, Apollo remains steadfast in its belief in the importance of preventive healthcare. Our mission is to empower individuals to safeguard their well-being, preventing the onset of non-communicable diseases," Apollo Hospitals Group Chairman Prathap C Reddy stated.

Apollo Hospitals shares: What brokerages say

Morgan Stanley has maintained an overweight call on Apollo Hospitals.

Apollo Hospitals dividend: 120% payout announced

The company's board has declared an interim dividend of Rs 6 per share for the financial year ending March 31, 2024, with a face value of Rs 5, i.e., a 120 per cent payout.

Apollo Hospitals dividend record date

The board has fixed the record date as February 20, 2024, for the payment of the interim dividend. The stock will trade ex-date on February 20, Tuesday.

Apollo Hospitals dividend payment date

The said interim dividend will be paid to all the equity shareholders of the company on or before March 6, 2024, as per the company's communique.

(with agency inputs)

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