About the Company:
Apollo Hospitals was established in 1983 by Dr. Prathap C Reddy, renowned as the architect of modern healthcare in India. As the nation's first corporate hospital, Apollo Hospitals is acclaimed for pioneering the private healthcare revolution in the country. Apollo Hospitals has emerged as Asia's foremost integrated healthcare services provider and has a robust presence across the healthcare ecosystem, including Hospitals, Pharmacies, Primary Care & Diagnostic Clinics and several retail health models.
Apollo Hospitals was the first in India to launch the concept of Preventive Health Checks. From the date of inception in 1987 till date, over 20 Million health checks have been completed. They are the largest provider of Cardiology services in India. Apollo Hospitals has treated the largest number of cardiovascular cases with advanced cardiac interventional methods including 6 out of 9 MITRACLIP procedures
Apollo Hospitals Group is the only one in India to partner with Microsoft's AI Network for AI-powered Cardiovascular Disease Risk Score API. The API enables physicians to predict the risk of CVDs at least 5 to 7 years in advance in patients. Over 200,000 patients have been screened till date. Apollo Hospitals, in partnership with Abbott, has also set up India's first National Cardiac Registry.
QoQ & YoY Performance:
India’s leading health care facilities company has declared the results for the second quarter of the fiscal year ending March 2020.
- QoQ Performance: Consolidated Net revenue of the company reported to Rs.284074 Lacs soar by almost 10.45% in the September quarter of FY20. Total expenditure (excluding interest and depreciation expenses) are Rs.242726 Lac is increased by 9.92%. EBITDA numbers increased by 11.62%.
- YoY Performance: The Company has reported a growth of 17.75% in sales/revenue while expenditure (excluding interest and depreciation expenses) of the company have witnessed an uptake by 13.43%. EBITDA numbers also soar to 51.58%.
- Profitability of the company: Profit after tax of the company resulted in gain of Rs.8310 Lac increased by 69.07% QoQ and increased by 53.58% YoY.
As per Lokesh Sethia, SEBI Registered Research Analyst, the Apollo Hospital is currently trading at Rs.1410 per share, the company’s combined financial performance reflecting very good strength in the income statement. So it seems like stock price can be touch 1560 levels in this quarter. So our recommendation for Apollo Hospital is to buy.