Medical Dialogues
  • Dermatology
Login Register
This site is intended for healthcare professionals only
Login Register
  • Medical Jobs
  • Medical Matrimony
  • MD Brand Connect
  • MDTV
    • Breaking News
    • Medical News Today
    • Health News Today
    • Latest
    • Journal Club
    • Medico Legal Update
    • Latest Webinars
    • MD Shorts
    • Health Dialogues
Medical Dialogues
  • Medical News & Guidelines
      • Anesthesiology
      • Cardiology and CTVS
      • Critical Care
      • Dentistry
      • Dermatology
      • Diabetes and Endocrinology
      • ENT
      • Gastroenterology
      • Medicine
      • Nephrology
      • Neurology
      • Obstretics-Gynaecology
      • Oncology
      • Ophthalmology
      • Orthopaedics
      • Pediatrics-Neonatology
      • Psychiatry
      • Pulmonology
      • Radiology
      • Surgery
      • Urology
      • Laboratory Medicine
      • Diet
      • Nursing
      • Paramedical
      • Physiotherapy
  • Health news
      • Doctor News
      • Government Policies
      • Hospital & Diagnostics
      • International Health News
      • MCI News
      • Medical Organization News
      • Medico Legal News
      • NBE News
      • NMC News
  • AYUSH
    • Ayurveda
    • Homeopathy
    • Siddha
    • Unani
    • Yoga
  • State News
      • Andaman and Nicobar Islands
      • Andhra Pradesh
      • Arunachal Pradesh
      • Assam
      • Bihar
      • Chandigarh
      • Chattisgarh
      • Dadra and Nagar Haveli
      • Daman and Diu
      • Delhi
      • Goa
      • Gujarat
      • Haryana
      • Himachal Pradesh
      • Jammu & Kashmir
      • Jharkhand
      • Karnataka
      • Kerala
      • Ladakh
      • Lakshadweep
      • Madhya Pradesh
      • Maharashtra
      • Manipur
      • Meghalaya
      • Mizoram
      • Nagaland
      • Odisha
      • Puducherry
      • Punjab
      • Rajasthan
      • Sikkim
      • Tamil Nadu
      • Telangana
      • Tripura
      • Uttar Pradesh
      • Uttrakhand
      • West Bengal
  • Medical Education
      • Ayush Education News
      • Dentistry Education News
      • Medical Admission News
      • Medical Colleges News
      • Medical Courses News
      • Medical Universities News
      • Nursing education News
      • Paramedical Education News
      • Study Aborad
  • Industry
      • Health Investment News
      • Health Startup News
      • Medical Devices News
      • Pharma News
      • Pharmacy Education News
      • Industry Perspective
  • MDTV
      • Health Dialogues MDTV
      • Health News today MDTV
      • Latest Videos MDTV
      • Latest Webinars MDTV
      • MD shorts MDTV
      • Medical News Today MDTV
      • Medico Legal Update MDTV
      • Top Videos MDTV
      • Health Perspectives MDTV
      • Journal Club MDTV
This site is intended for healthcare professionals only
LoginRegister
Medical Dialogues
LoginRegister
  • Home
  • Medical news & Guidelines
    • Anesthesiology
    • Cardiology and CTVS
    • Critical Care
    • Dentistry
    • Dermatology
    • Diabetes and Endocrinology
    • ENT
    • Gastroenterology
    • Medicine
    • Nephrology
    • Neurology
    • Obstretics-Gynaecology
    • Oncology
    • Ophthalmology
    • Orthopaedics
    • Pediatrics-Neonatology
    • Psychiatry
    • Pulmonology
    • Radiology
    • Surgery
    • Urology
    • Laboratory Medicine
    • Diet
    • Nursing
    • Paramedical
    • Physiotherapy
  • Health news
    • Doctor News
    • Government Policies
    • Hospital & Diagnostics
    • International Health News
    • MCI News
    • Medical Organization News
    • Medico Legal News
    • NBE News
    • NMC News
  • AYUSH
    • Ayurveda
      • Ayurveda Giuidelines
      • Ayurveda News
    • Homeopathy
      • Homeopathy Guidelines
      • Homeopathy News
    • Siddha
      • Siddha Guidelines
      • Siddha News
    • Unani
      • Unani Guidelines
      • Unani News
    • Yoga
      • Yoga Guidelines
      • Yoga News
  • State News
    • Andaman and Nicobar Islands
    • Andhra Pradesh
    • Arunachal Pradesh
    • Assam
    • Bihar
    • Chandigarh
    • Chattisgarh
    • Dadra and Nagar Haveli
    • Daman and Diu
    • Delhi
    • Goa
    • Gujarat
    • Haryana
    • Himachal Pradesh
    • Jammu & Kashmir
    • Jharkhand
    • Karnataka
    • Kerala
    • Ladakh
    • Lakshadweep
    • Madhya Pradesh
    • Maharashtra
    • Manipur
    • Meghalaya
    • Mizoram
    • Nagaland
    • Odisha
    • Puducherry
    • Punjab
    • Rajasthan
    • Sikkim
    • Tamil Nadu
    • Telangana
    • Tripura
    • Uttar Pradesh
    • Uttrakhand
    • West Bengal
  • Medical Education
    • Ayush Education News
    • Dentistry Education News
    • Medical Admission News
    • Medical Colleges News
    • Medical Courses News
    • Medical Universities News
    • Nursing education News
    • Paramedical Education News
    • Study Aborad
  • Industry
    • Health Investment News
    • Health Startup News
    • Medical Devices News
    • Pharma News
      • CDSCO (Central Drugs Standard Control Organisation) News
    • Pharmacy Education News
    • Industry Perspective
  • Home
  • News
  • Health news
  • Aster DM India, Gulf...

Aster DM India, Gulf revenue falls by 35 percent amid COVID crisis

Medical Dialogues BureauWritten by Medical Dialogues Bureau Published On 2020-06-02T10:30:29+05:30  |  Updated On 2 Jun 2020 5:00 AM GMT
Aster DM India, Gulf revenue falls by 35 percent amid COVID crisis

At the beginning of the outbreak, Aster DM Healthcare also observed disruption in the supply chain which then led to shortages of medical devices, personal protective equipment (PPEs), medicines and other essential supplies, but now it is getting normalised, it added.

Delhi - Aster DM Healthcare recently said it witnessed approximately 35 per cent fall in revenue for India and Gulf Cooperation Council (GCC) businesses in April as compared to same month last year due to the impact of COVID-19 on operations. "The business operation of April was impacted significantly due to COVID-19. Improvements in performance are expected to start by Q2 of FY 2021 and we...

Delhi - Aster DM Healthcare recently said it witnessed approximately 35 per cent fall in revenue for India and Gulf Cooperation Council (GCC) businesses in April as compared to same month last year due to the impact of COVID-19 on operations.

"The business operation of April was impacted significantly due to COVID-19. Improvements in performance are expected to start by Q2 of FY 2021 and we hope to cover up lost ground and achieve near normalcy by H2 of FY 2021," the company said in a filing to BSE.

For May, GCC continues to maintain the same revenue trend as April in spite of Eid holidays, whereas in India revenue has improved by approximately 23 per cent as compared with April, but still down around 20 per cent compared with May last year, the filing said.

Read Also:  Serum Institute CEO says vaccine development is like rollercoaster

"The current unexpected situation has even impacted our regular business operations," it said.

Lockdown restrictions in India and GCC countries, along with restrictions to undertake elective procedures, have impacted occupancy level in April.

The occupancy rate for GCC hospitals was 52 per cent and for India units was 38 per cent in April.

"We have observed improvement in occupancy rate for both India and GCC hospitals in May," it said.

At the beginning of the outbreak, Aster DM Healthcare also observed disruption in the supply chain which then led to shortages of medical devices, personal protective equipment (PPEs), medicines and other essential supplies, but now it is getting normalised, it added.

Shut down of international travel has impacted the company's medical value tourism business in India.

Medical travel contributes around six per cent of consolidated India revenue, it said.

All planned capital expenditure has been postponed, except for projects which are near completion such as the Sonapur Hospital in Dubai, it said.

"To mitigate the impact of COVID-19 on our business, we have taken the highest importance towards maintaining a strict watch on all capex and operating costs which are even more critical in this environment.

"To conserve cash, we have put on hold most of our existing projects till the overall business environment goes back to normalcy," it said.

The company said that it was continuously servicing its existing debt and it has sufficient unutilised working capital limits to support operation.

"Request is being raised to the banks for additional working capital limits, over and above the current limits to address any future contingency," it said.

Read Also: COVID-19 Bodies Disposal: Delhi Govt Issues Additional Guidelines


Aster DM Healthcare gulf revenues Gulf Cooperation Council covid 19 
Source : PTI
Medical Dialogues Bureau
Medical Dialogues Bureau

    Medical Dialogues Bureau consists of a team of passionate medical/scientific writers, led by doctors and healthcare researchers.  Our team efforts to bring you updated and timely news about the important happenings of the medical and healthcare sector. Our editorial team can be reached at editorial@medicaldialogues.in.

    Show Full Article
    Next Story
    Similar Posts
    NO DATA FOUND

    Editorial

    Journal Club Today

    Health News Today

    © 2022 All Rights Reserved.
    Powered By: Hocalwire
    X
    X