Apollo Hospitals Q1 net up 13 % at Rs.79 crore

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Wednesday, August 07, 2013
Published On: 23:00:01 PM

Apollo Hospitals Enterprise on Wednesday reported a 13.2 per cent rise in its net profit at Rs.78.94 crore for the first quarter ended June 30, 2013, mainly on account of robust business in all verticals.

The company had posted a net profit of Rs.69.74 crore for the corresponding period in the previous fiscal, Apollo Hospitals said in a filing to the BSE. Net sales rose to Rs.895.04 crore from Rs.777.39 crore in the period under reference, it added.

In another filing to the exchange, the firm said its board had noted the resignation of Shashank Singh as a director consequent to the divestment of entire equity stake held by HSTN Acquisition (FII) Ltd. in the company. The private healthcare provider has over 8,500 beds across 51 hospitals, besides diagnostic clinics, dispensing pharmacies and consultancy services.

Shares of Apollo Hospitals closed at Rs.915.95 on the BSE, down 4.29 per cent from its previous close.

Courtesy : The Hindu

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