Yatharth Hospital shares surge over 10% on stellar Q2 performance
Yatharth Hospital & Trauma Care Services, one of the leading private super specialty hospitals in Delhi NCR, jumped 10.75% to ₹414.95 apiece in Wednesday's early trade. This strong spike was in response to the company's stellar performance in Q2FY24. The company on Tuesday posted a 34% YoY improvement in revenues, reaching ₹171 crore.
It reported a 36% YoY rise in EBITDA at ₹45.6 crore, while the EBITDA margin improved by 40 basis points YoY to 26.6%. Also Read: Yatharth Hospital group’s several premises raided by income tax department: Report On the bottom line, the company's consolidated net profit jumped to ₹27.6 crore, a 70% improvement compared to a net profit of ₹16.2 crore recorded in the corresponding period of last year. The bed occupancy rate improved to 57% in Q2FY24 compared to 45% in Q2FY23 and 50% in the preceding June quarter.
The Average Revenue Per Occupied Bed (ARPOB) came in at ₹27,561 in Q2FY24, up 5% YoY. Commenting on the performance, Yatharth Tyagi, Whole Time Director, Yatharth Hospitals, said, “We are delighted to announce another exceptional quarter of performance. Our revenue has experienced a remarkable 34% year-over-year growth, reaching ₹171 crore, while our profit after tax (PAT) has surged by an impressive 70% compared to the same period last year." Also Read: Diwali 2023: Can Nifty 50 hit 25,000 in Samvat 2080? Here's what experts say “We are happy to announce that we have turned net debt-free during the quarter.
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