Q4 FY23 Results
Non COVID revenue up 15% yoy, Hitech revenue flat.
Ebitda margins expanded to 24.9% from 24.5%, when adjusted for network expansion they are at pre-Covid level of 27%
Company expecting to add 100 new labs by FY25. Mumbai and Pune continue to be focus markets
Have significantly reduced debt taken for Hitech acquisition to ~Rs 70 crore.
Valuation is currently at similar multiples as what Metropolis paid for Hitech acquisition.
Discl: Invested
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