Apollo Hospitals report net profit of Rs 209.60 crore for March quarter
The company had posted a net profit of Rs 72.80 crore in the corresponding period of the preceding fiscal, Apollo Hospitals said in a statement.;
New Delhi: Healthcare major Apollo Hospitals Enterprise reported an over two-fold jump in consolidated net profit to Rs 209.60 crore for the March quarter, mainly on account of one-off gains.
The company had posted a net profit of Rs 72.80 crore in the corresponding period of the preceding fiscal, Apollo Hospitals said in a statement.
Consolidated revenue from operations stood at Rs 2,922.43 crore for the quarter under consideration. It was Rs 2,499.50 crore for the same period a year ago, it added.
The company, after meeting the closing conditions for the sale of investments in its associate Apollo Munich Health Insurance Company to Housing Development Finance Corporation in the quarter ended March 31, 2020, has recorded a profit of Rs 198.30 crore, which has been disclosed under exceptional items, it said.
For the full fiscal 2019-20, the net profit of the company came in at Rs 431.80 crore, as against Rs 200.16 crore in the previous fiscal year.
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