Medanta Q1 Results: Net profit soars 74% YoY to Rs 102 crore
The earnings before interest, tax, depreciation and ammortisation (EBITDA) rose 40.7% YoY to Rs 199 crore. The EBITDA margins expanded 250 basis points YoY to 25.1%. Average occupied bed days increased by 16.2% y-o-y, representing an occupancy of 58.1% in Q1 FY24 on increased bed capacity.
Average revenue per occupied bed (ARPOB) grew by 7.1% y-o-y to Rs 63,148; In-patient volume increased by 19.4% and out-patient volume increased by 17.5% y-o-y. Developing hospitals (Medanta Lucknow and Medanta Patna) revenue share increased from 23.4% in Q1 FY23 to 28.9% in Q1 FY24 amounting to Rs. 230 crore.
Revenue from international patients increased by 45% y-o-y to Rs. 48 crore driven by increased volume and realization. In-house out-patient pharmacy business increased by 43% y-o-y to Rs.
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