Apollo Hospitals Records 83% Profit Surge in Q1

Apollo Hospitals reported an 83% increase in consolidated profit after tax, reaching Rs 305 crore for Q1 ending June 30, driven by strong performance across business lines. Revenue also rose to Rs 5,086 crore. Chairman Prathap C Reddy highlighted the expansion of retail operations and a commitment to healthcare excellence.

Apollo Hospitals on Tuesday reported an 83% surge in consolidated profit after tax to Rs 305 crore for the first quarter ending June 30. This growth was fueled by robust performance across various business verticals.

The healthcare company had posted a profit after tax of Rs 167 crore in the June quarter of FY24, marking a significant year-over-year increase.

Total revenue for the first quarter rose to Rs 5,086 crore, compared to Rs 4,418 crore in the same period last fiscal year. ''In the first quarter of FY25, we have seen significant growth and improved the reach of our retail operations,'' Apollo Hospitals Group Chairman Prathap C Reddy stated in a regulatory filing.

Reddy added that the company is committed to advancing healthcare excellence through innovative solutions and improving access to quality healthcare services across India and beyond. Shares of Apollo Hospitals ended 1.26% higher at Rs 6,586.55 apiece on the BSE on Tuesday.