Aster DM Healthcare Q2 results: Consolidated revenue rises 17.7%

Healthcare service supplier Aster DM Healthcare posted a 17.77 per cent enhance in its consolidated income from operations throughout the quarter concluded on September 30, 2023, which got here in at Rs 3,316.63 crore, in distinction to Rs 2,816.30 crore in Q2 FY23. The corporate reported a lack of Rs 30.79 crore in opposition to a revenue of Rs 46.21 crore in Q2 FY23. This discount in Revenue After Tax (PAT) will be attributed to a rise in complete bills.

On a sequential foundation, the corporate exhibited a 3.15 per cent enhance in income together with EBITDA, which grew 21 per cent year-on-year.

Income for India elevated by 23 per cent year-on-year, coming to Rs 934 crore.

Commenting on the outcome, Azad Moopen, Founder Chairman and Managing Director of Aster DM Healthcare, acknowledged, “In Q2 FY24, our consolidated income witnessed a powerful 18 per cent YoY development, reaching Rs 3,317 crore, attributed to the profitable ramp-up of latest hospitals initiated within the final two monetary years. This development was additional amplified by varied cost-saving initiatives, emphasizing our dedication to operational effectivity.

This quarter, the GCC enterprise elevated 16 per cent in income YoY, reaching Rs 2,383 crore.”

First Revealed: Nov 15 2023 | 5:31 PM IST

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