Apollo Hospitals Q4 net profit down 40 per cent to Rs 48 crore

Healthcare major Apollo Hospitals Enterprise today reported a 40.76 per cent decline in standalone net profit at Rs 48.16 crore for the fourth quarter ended March, on account of increased expenditure.

Apollo, Apollo Hospitals, apollo net profit, hospitals profit, Healthcare, anual profit, profit, net profit, hospitals, medical structure
The company had posted a net profit of Rs 81.31 crore in the January-March quarter of the previous fiscal, Apollo Hospitals said in a BSE filing. (PTI file photo)

Healthcare major Apollo Hospitals Enterprise today reported a 40.76 per cent decline in standalone net profit at Rs 48.16 crore for the fourth quarter ended March, on account of increased expenditure. The company had posted a net profit of Rs 81.31 crore in the January-March quarter of the previous fiscal, Apollo Hospitals said in a BSE filing.
However, the company’s total standalone income rose 14.64 per cent to Rs 1,670.77 crore as against Rs 1,457.34 crore in the year-ago period. Total expenses during the quarter shot up to Rs 1,612.17 crore as compared to Rs 1,358.07 crore in the year-ago period. This was mainly on account of

This was mainly on account of spike in cost of materials consumed to Rs 668.84 crore as against Rs 270.47 crore in the same quarter of previous fiscal, the company added. For the entire fiscal, Apollo Hospitals Enterprise reported a net profit at Rs 285.15 crore as compared to Rs 333.95 crore in the 2015-16 fiscal, down 14.61 per cent. Total income from operations for the fiscal stood at Rs 6,467.66 crore as against Rs 5,621.04 crore in the year-ago period.

You may also like to watch:

The company announced re-appointment of Prathap C Reddy as the executive chairman for five years subject to approval of member at the AGM. It also appointed T Rajgopal as the additional director. Apollo Hospitals’ board has recommended a dividend of Rs 6 per share for FY17. Shares of Apollo Hospitals closed 0.40 per cent down at Rs 1,209.50 on BSE.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express Telegram Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.