Yatharth Hospital Q1 Results: Profit jumps 73% YoY to Rs 19 cr; revenue up 39%

economictimes.indiatimes.com:

Yatharth Hospital, a latest entrant to the Street, reported 73% year-on-year growth in its consolidated net profit at Rs 19 crore for the quarter ended June. On a sequential basis, profit was up 10%. Operating revenue during the first quarter grew 39% to Rs 154 crore, while EBITDA rose 61% to Rs 41.4 crore.

EBITDA margins for the quarter expanded 368 basis points to 26.8%. “During the quarter, we registered one of the highest year-on-year growth rates in the hospital industry. Our ongoing investments reflect a strategic approach to nurturing well-balanced future growth, exemplified by ongoing expansion initiatives, both organic and inorganic," said Yatharth Tyagi, Whole-Time Director, Yatharth Hospital The bed occupancy was at 51% for the quarter under review, compared to 40% in the same quarter last year.

«We continue to diversify our specialty mix and introduce new specialties across all our hospitals. The past few quarters witnessed a successful ramp-up of our organ transplant and oncology treatments,» Tyagi said. Yatharth Hospital made a mild debut at the exchanges at just 2% premium over the issue price.

Analysts advised long-term investors to hold the stock. The initial public offer of Yatharth Hospital received good response from investors with the overall subscription at 36.1 times at close. Yatharth Hospital & Trauma Care Services Ltd is a private hospital, which provides healthcare services and is based in the northern region of India.