Bengaluru: Indian healthcare providers supplier Apollo Hospitals Enterprise Ltd reported a 7.6 per cent rise in its fourth-quarter profit on Tuesday, helped by a fall in enter prices.
Consolidated profit before tax rose to 2.54 billion rupees ($30.7 million) for the three months ended March 31, from 2.36 billion rupees a yr earlier, the corporate mentioned in a inventory trade submitting.
Revenue from operations for one of many nation’s largest hospital chains rose almost 21 per cent to 43.02 billion rupees, whereas price of supplies consumed slid 14.3 per cent from final yr.
The Chennai-based firm runs over 73 non-public hospitals, pharmacies, diagnostic clinics throughout the nation.
Shares of the corporate fell 2 per cent after the outcomes before settling 0.9 per cent lower to snap three straight periods of features.
Last week, peer Fortis Healthcare Ltd posted an almost 59 per cent rise in its fourth-quarter profit.
($1 = 82.7047 Indian rupees)
