Max Healthcare Navigates Growth Amid Strategic Acquisitions

Max Healthcare Institute reported a 6.5% decline in profits due to a one-time acquisition charge. Despite this, the company saw significant revenue growth, driven by efficiencies across various business formats. Future expansions include new hospitals in Thane and Mohali, signaling a focus on growth and operational effectiveness.

Max Healthcare Institute Ltd reported a 6.5% drop in profit after tax to Rs 316 crore for the December quarter, attributed to a one-time payment for a change in shareholding of Jaypee Healthcare Ltd, a company it recently acquired.

The prior year's corresponding quarter had seen a profit after tax of Rs 338 crore. In contrast, the company's network gross revenue surged to Rs 2,381 crore from Rs 1,779 crore, according to a company statement.

The company's board approved new projects, including a 500-bed hospital in Thane and an expansion in Mohali. Chairman Abhay Soi noted significant revenue and EBIDTA growth and expressed optimism about continued expansion and operational efficiency improvements.

(With inputs from agencies.)