Thanks for good summary. I had expected QoQ revenue increase considering 1) Q3 is seasonally better for hospitals,
2)expected Noida extension hospital to extend the trajectory of revenue growth and occupancy rate
3)Had expected Jhansi hospital to improve occupancy, its too low though they have acquired it a while back.
4) Expected overall ARBOP to show improved trajectory considering they are investing in improving infra and surgical equipments.
It might be worth to listening to cancall tomorrow to understand why these havnt happened and what to be expected.
Overall on a good trajectory , isnt the Faridabad acquisition on a higher end considering its location and size? They paid rs-55 crore for Jhansi hospital with over 200beds 1 year back…
I think , for the valuations to catch up, they have to make much improvements to specialties and quality of doctors. However , their operational efficiency and return on capital for mature hospitals is very encouraging. I was hoping new acquisitions as triggers with their current cash position. The one immediate was mostly expected from their commentary last 1-2 quarters.
Also may be net cash would be lower that what you have estimated considering they are investing on equipments at current hospitals…
Any update on receivables? They have good chunk of revenue from govt affiliated patients (ex-defense and others)…
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