Max Healthcare Sees Marginal Profit Rise Amid Expansion Plans

Max Healthcare Institute reported a slight increase in profit after tax to Rs 295 crore for Q1 ending June 30, 2024, compared to Rs 291 crore last year. The firm’s revenue increased to Rs 2,028 crore. Expansion with 900 new beds in Dwarka contributed to the growth and future opportunities.

Max Healthcare Institute has reported a marginal increase in its profit after tax, reaching Rs 295 crore for the first quarter ending June 30, 2024. This is a slight rise compared to Rs 291 crore during the same period last fiscal year.

The company's gross revenue surged to Rs 2,028 crore from Rs 1,719 crore in the year-ago period. As per an official statement, the recently launched Max Super Specialty Hospital in Dwarka has added over 900 beds, contributing significantly to the overall growth in revenue and profitability.

Chairman and Managing Director Abhay Soi emphasized that consistent performance across existing hospitals and positive responses to new units have instilled confidence in pursuing further growth. This includes new built-to-suit arrangements in Mohali. Shares of the company saw a marginal uptick, closing at Rs 924.25 on the BSE.

(With inputs from agencies.)