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Global Health Ltd News

Global Health Q4 result: PAT up 25% at Rs 127 cr, total income at Rs 836 cr

Global Health, which operates hospitals under the Medanta brand, has reported a 25 per cent increase in its consolidated profit after tax at Rs 127 crore for the March 2024 quarter. The healthcare provider had posted a profit after tax of Rs 102 crore in the January-March quarter of the previous fiscal. Total income rose to Rs 836 crore for the fourth quarter as compared with Rs 732 crore in the year-ago period, Global Health said in a statement on Saturday. For the year ended on March 31, 2024, the company said its net profit increased to Rs 478 crore as against Rs 326 crore in FY23. Total revenue rose to Rs 3,350 crore last fiscal from Rs 2,759 crore in 2022-23 fiscal. "The continued focus on providing our patients with the highest quality of care has enabled Medanta to deliver strong financial results during the year," Global Health Group CEO and Director Pankaj Sahni said. The company remains dedicated to executing its core strategy and delivering on the upcoming projects, he

Global Health Q4 result: PAT up 25% at Rs 127 cr, total income at Rs 836 cr
Updated On : 20 May 2024 | 4:19 PM IST

Medanta Hospitals Q4 results: Net profit up 25%, revenue rises 14.3%

The hospital operator's revenue from operations rose to Rs 808.6 crore in Q4 FY24, a 14.3 per cent rise from Rs 707 crore in Q4 FY23

Medanta Hospitals Q4 results: Net profit up 25%, revenue rises 14.3%
Updated On : 17 May 2024 | 7:41 PM IST

Max, Fortis, Apollo: Why are hospital stocks bleeding in a firm market?

Nifty Healthcare has outperformed Nifty50 and some individual healthcare stocks have doubled investor wealth in FY24

Max, Fortis, Apollo: Why are hospital stocks bleeding in a firm market?
Updated On : 01 Mar 2024 | 1:59 PM IST

Share price of this hospital company has zoomed over 100% in 5 months

For Q3FY24, Global Health reported a strong 53 per cent year-on-year (Y-o-Y) rise in consolidated net profit to Rs 123.54 crore

Share price of this hospital company has zoomed over 100% in 5 months
Updated On : 12 Feb 2024 | 12:11 PM IST

Medanta Q3 results: Profit up 53% at Rs 123.54 cr, revenue up 19.9%

Consolidated net profit fell by 1.29 per cent from Rs 125.16 crore, whereas revenue fell by 1.34 per cent from Rs 843.93 crore in Q2 FY24

Medanta Q3 results: Profit up 53% at Rs 123.54 cr, revenue up 19.9%
Updated On : 08 Feb 2024 | 10:53 PM IST

Global Health Q3 results: Profit up 52% at Rs 123 cr, revenue at Rs 833 cr

Global Health, which operates hospitals under the Medanta brand, on Thursday reported a 52 per cent increase in consolidated net profit at Rs 123 crore for the third quarter ended December 2023 on the back of increased in-patient volume and improved realisation. The healthcare provider had reported a net profit of Rs 81 crore in the year-ago period. Revenue from operations rose to Rs 833 crore in the third quarter of the current fiscal from Rs 694 crore in the year-ago period, the Gurugram headquartered firm said in a regulatory filing. "In Q3 FY2024, both our matured and developing units delivered robust revenue growth of 17 and 33 per cent year-no-year respectively," Global Health Ltd Group CEO and Director Pankaj Sahni said. The growth was primarily driven by increased in-patient volume and improved realisation, he added.

Global Health Q3 results: Profit up 52% at Rs 123 cr, revenue at Rs 833 cr
Updated On : 08 Feb 2024 | 10:11 PM IST