Narayana Hrudayalaya rallies 16% on strong March quarter results
Published On: Tuesday, June 1, 2021 | By: Team KnowMyStock
Shares of Narayana Hrudayalaya rallied 16 percent to Rs 507.60 on the BSE in intra-day trade on Tuesday after posting strong results a Six-time jump in the quarter ended on March 31, 2021.on the back of healthy operational performance. The company, a leading healthcare service provider in India, had recorded a profit of Rs 12 crore in Q4FY20. The hospital chain reported a 469 percent surge in consolidated profit at Rs 68.05 crore in Q4FY21 against Rs 11.99 crore in the same quarter of the previous year. The revenue of the company jumped to Rs 837.76 crore from Rs 742.95 crore during the period under review. Narayana Hrudayalaya reported a decent growth of 12.76 percent in consolidated revenues at Rs 837.76 crore in the March 2021 quarter, compared to Rs 749.9 crore in the same quarter of the previous year. On a sequential basis, the total revenue was up by 11.65 percent compared to revenue in the December 2020 quarter at Rs 750.36 crore.
EBITDA stands at Rs. 149.94 crore in March 2021 up 45.87% from Rs. 102.79 crore in March 2020.
The management said the flagship facilities were finally gaining traction in Q4, and that "we have been able to achieve this on the back of all-round growth registered by hospitals across the network in India as well as overseas operations at Cayman Islands".
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