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Indian hospital chain operator Apollo Hospitals misses Q4 profit estimates
Bengaluru: Apollo Hospitals, a hospital chain operator in India, has reported a slight miss in fourth-quarter profit estimates. Despite revenue growth in its healthcare services business, higher expenses impacted the bottom line.
The consolidated net profit increased by nearly 76% to 2.54 billion Indian rupees ($30.5 million). However, this figure fell short of analysts' average estimates of 2.65 billion rupees, as per LSEG data.
Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751