Max Healthcare Q3 PAT Rises 26% to Rs 338 Crore
By Rediff Money Desk, NEWDELHI Jan 31, 2024 14:14
Max Healthcare Institute Ltd reported a 26% increase in profit after tax to Rs 338 crore in the December quarter, driven by strong revenue growth and positive trends across parameters.
![Max Healthcare Q3 PAT Rises 26% to Rs 338 Crore](https://im.rediff.com/money/2016/aug/16hospital.jpg)
New Delhi, Jan 31 (PTI) Max Healthcare Institute Ltd on Wednesday reported a 26 per cent growth in its profit after tax at Rs 338 crore in the December quarter.
The company had posted a Profit After Tax (PAT) of Rs 269 crore in the third quarter of FY23, Max Healthcare Institute said in a statement.
Network gross revenue stood at Rs 1,779 crore, up 14 per cent as compared to Rs 1,559 crore in the same period a year ago, it added.
Max Healthcare Institute Chairman and Managing Director Abhay Soi said the company continued to witness positive trends on all parameters even during this quarter. This translated into revenue and profitability growth, despite expected softness in occupancies due to the festive season.
"Further, our entry into central UP (Uttar Pradesh) through the acquisition of Sahara Hospital will strengthen our presence in Northern India and will act as a stepping stone in growing Max Healthcare's presence in the region," he added.
The company had posted a Profit After Tax (PAT) of Rs 269 crore in the third quarter of FY23, Max Healthcare Institute said in a statement.
Network gross revenue stood at Rs 1,779 crore, up 14 per cent as compared to Rs 1,559 crore in the same period a year ago, it added.
Max Healthcare Institute Chairman and Managing Director Abhay Soi said the company continued to witness positive trends on all parameters even during this quarter. This translated into revenue and profitability growth, despite expected softness in occupancies due to the festive season.
"Further, our entry into central UP (Uttar Pradesh) through the acquisition of Sahara Hospital will strengthen our presence in Northern India and will act as a stepping stone in growing Max Healthcare's presence in the region," he added.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.74 (+ 2.62)
- 84886833
- Srestha Finvest
- 2.24 (+ 4.67)
- 34707853
- Ola Electric Mobilit
- 132.76 (+ 19.99)
- 27685743
- Suzlon Energy Ltd.
- 79.93 (+ 4.10)
- 27308498
- IFL Enterprises
- 1.22 (+ 4.27)
- 24757806
MORE NEWS
![Sebi Eases...](https://im.rediff.com/80-80/money/2024/aug/10sebi1.jpg)
Sebi Eases Compliance for Listed NCDs - New...
Sebi proposes amendments to simplify compliance requirements for entities with listed...
![Chandrasekaran:...](https://im.rediff.com/80-80/news/2018/jan/04modi.jpg)
Chandrasekaran: Learn From Indian Wisdom &...
Tata Group Chairman N Chandrasekaran emphasizes the importance of learning from Indian...
JSW Cement Files IPO Papers to Raise Rs 4,000...
JSW Cement has filed draft papers with Sebi for an IPO to raise Rs 4,000 crore. The IPO...