Apollo Hospitals net up 49 per cent

Apollo Hospitals posted 49 per cent growth in net profit for the quarter ended September 30, 2012 against the same quarter last year as the net revenues grew by 19.5 per cent.

Apollo made a net profit of Rs 83.2 crore during the quarter as against Rs 55.8 crore in Q2 of 2011-12. The income grew from Rs 699 crore in Q2 of 2011-12 to Rs 836 crore in the last quarter.

Revenue from the hospital division grew by 13.7 per cent to Rs 558 crore, while the standalone pharmacies posted a revenue growth of 33 per cent to Rs 277 crore during the quarter against the same period last year.

Prathap C Reddy, chairman of Apollo Hospitals said, “The rising maturity of newer facilities and a focus on complex treatments through the ‘Centres of Excellence’ initiative have led to balanced growth. The improving performance of our pharmacy & health insurance businesses is resulting in a significantly improved contribution.

While the regulatory framework has become more conducive, we expect progress in a calibrated manner to enable us to balance growth and profitability while positioning ourselves to realise the long-term potential of these businesses”.

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