Earnings Impact: Aster DM Healthcare Zooms 13%, Net Profit Rallies 115% YoY

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Earnings Impact: Aster DM Healthcare Zooms 13%, Net Profit Rallies 115% YoY
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Shares of the conglomerate healthcare company Aster DM Healthcare (NS: ATRD ) zoomed 12.8% to Rs 193.85 apiece at the time of writing, in response to an over two-fold surge in net profit for the March-ending quarter.

The company’s consolidated net profit rallied a whopping 114.7% YoY and 52.53% QoQ to Rs 226.27 in the March quarter, while total income surged 22.7% YoY and 3.3% QoQ to Rs 2,749.77 crore in the period.

In the financial year 2021-22, the company’s net profit jumped 256.02% YoY to Rs 526 crore and total income surged 19.01% YoY to Rs 10,303.94 crore.

Its EPS rallied 114.6% YoY and 52.7% QoQ to Rs 4.55 in the March quarter, and 255.9% YoY to Rs 10.57 in FY22.

''We have witnessed good overall growth during the recently concluded quarter. With existing facilities ramping up, there has been significant improvement in the utilisation of the facilities. Our India hospitals business is growing rapidly and we continue to add beds every quarter,'' stated the company’s Founder Chairman and MD.

Last week, the company partnered with a drone-based logistics firm Skye Air Mobility for delivering diagnostic samples and medicines.

Reports stated that nearly 80 flights would be carried out under the pilot carrying blood and other diagnostics samples and medicines for Aster clinics.

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  • Jai Hind @Jai Hind
    Brilliant hospital. Truly world class.
    Like 0

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