Team Blitz India
NEW DELHI: Apollo Hospitals Enterprise Ltd.’s (AHEL) consolidated net profit for the September quarter rose 17% to Rs 249 crore from the year-earlier period.
Revenue from operations increased to Rs 4,847 crore from Rs 4,251 crore, the healthcare major said in a statement.
The healthcare services division’s revenue increased 12% to Rs 2,547 crore. Apollo Health and Lifestyle Ltd. (Diagnostics and Retail Healthcare) posted a 11% growth to Rs 354 crore, while Apollo HealthCo Ltd. (AHL) rose 17% to Rs1,945 crore.
The company said it had earmarked a capex of Rs3,435 crore for the proposed capacity addition of 2,285 beds. On a consolidated basis, the existing capacity stands at 7,860 operational beds, which accounts for 68% of capacity utilisation.
Apollo Hospitals also announced its entry into Pune by entering into binding agreement recently to acquire a 250-bed hospital asset that is expandable to 425 beds. With this expansion, Apollo will have more than l,000 beds in Maharashtra including Mumbai, Pune and Nashik.