Apollo Hospitals Q4 results today: What to expect

Apollo Hospitals is expected to post healthy growth in core earnings for the quarter ended March 2024 due to improved ARPOB and Healthco operations. Analysts predict a 68% year-on-year growth in net profit for the fourth quarter.

Leading Hospital chain is expected to post healthy growth in core earnings for the quarter ended March 2024 due to improved (average revenue per occupied bed) and . The company will announce its results later today in the evening.

Net profit for the fourth quarter is likely to grow up to 68% year-on-year, according to various , while are expected to rise 13% year-on-year.

Analysts are baking in 11% year-on-year sales growth in the hospitals segment in 4QFY24, while HealthCo sales to grow 14% year-on-year, driven by growth in sales on account of the store expansion as well as traction in 24/7.

Investors may watch out for the GMV outlook in 24/7 and updates on at Pune, Hyderabad, Kolkata and Bengaluru are the key monitorables.

Here's what analysts expect from Apollo Hospitals



For AHLL, we forecast 16% year-on-year sales growth in 4QFY24, led by strong growth across diagnostics and specialty care segments. Overall, we expect APHS' revenues to grow 13% year-on-year (flat ) in 4QFY24.

We build in 8% year-on-year growth in hospitals EBITDA with at 23.7% (-70 bps year-on-year). We expect operating spends (including ESOP costs) in 24/7 to decline by 1.5% quarter-on-quarter to Rs 153 crore in 4QFY24. Resultantly, we expect Apollo Healthco to report marginal EBITDA of Rs 2 crore. We expect consolidated EBITDA margin to remain flat quarter-on-quarter at 12.7%.



Sales and EBITDA are expected to grow 14% and 25% year-on-year to Rs 2,500 crore and Rs 600 crore, respectively, due to improved ARPOB and Healthco operations.

With enhanced footfalls in primary care/Diagnostics and improved operational efficiencies, AHLL is expected to register 15%/37% year-on-year growth in Revenue and EBITDA.



We expect hospital business to report 13% year-on-year but remain largely flat quarter-on-quarter due to presence of longer holiday weeks in January and March. Occupancy is expected to be at 66%.

ARPOBs are also likely to remain steady at Rs 56,900. We estimate hospital EBITDA margin of 23.6%, 20bps quarter-on-quarter/-80bps year-on-year due to increased marketing and doctor costs.

Pharmacy is likely to continue its growth momentum given 550 store additions in FY24 and 1000 in FY23. Offline growth of 20%+ year-on-year/ +2% quarter-on-quarter; however Online 24/7 growth to remain largely flat quarter-on-quarter. We estimate Rs 150 crore spent including ESOPs (largely flat quarter-on-quarter).

AHLL to report strong 20% year-on-year growth, albeit on a weak base but also improve decline 11% quarter-on-quarter mainly driven by diagnostics. The overall margin to remain largely flat quarter-on-quarter at 12.7% as improvement in AHLL, pharmacy to offset by dip in hospitals' margin.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Source: Stocks-Markets-Economic Times

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