- Good set of numbers. Management to maintain same level of growth in the topline & with stable EBITDA margins.
- A new hospital in Faridabad which consist of 200 beds has been acquired which has started its operations. Occupancy of this hospital will soon (~1 year) reach the same as of Jhansi-Orchha’s levels. This will not impact in overall EBITDA margin.
- Bit concerning on the balance sheet side as receivables gone up to Rs.227cr from Rs.108cr due to high contribution of Govt business mix (35-40%) & also due to Elections the payments are delayed from governments end.
- Management commented that receivable will improve in coming quarters & working on to keep it on lower end.
- Management is focused on improving ARPOB & International business as the volumes are increasing in it, not much focused on payor mix.
- Finding opportunities to expand in North India.
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