Q1FY25 Results -Good
Press Release
Q1 FY25 Consolidated Gross Revenue of INR 2,344 Mn; up 6.4% Y-o-Y
Q1 FY25 EBITDA of INR 406 Mn; up 39.2% Y-o-Y
Q1 FY25 PAT of INR 165 Mn; up 69.5% Y-o-Y
Consolidated Performance Highlights Q1 FY25 vs Q1 FY24
Net Revenue from Operations increased by 6.5% to INR 2,23.2 Cr from INR 2,09.5 Cr
EBITDA increased by 39% to INR 40.6 Cr from INR 29.2 Cr
EBITDA margin at 18.2% compared to 13.9% at the consolidated level
Consolidated PBT increased by 65.1% to INR 21.6 Cr from INR 13.1 Cr with margin of 9.7%
Consolidated PAT increased by 69.5% to INR 16.5 Cr from INR 9.8 Cr, with margin of 7.4%
Dr. Devlina Chakravarty, Managing Director of Artemis Medicare Services
Ltd, commented:
Robust performance of Q1 FY25 reflects their conscious efforts towards streamlining all the financial and operational metrics. This is one of the best-ever quarterly performance with highest ever
ARPOB and EBITDA, giving a promising start to the year despite it being a seasonally muted qtr.
During the quarter, third tower is brought to the final stages and look forward to operationalising it soon, which will further enhance their unit economics and overall financial and operational metrics. Additionally, their asset-light centres have shown improved performance as a result of their concentrated efforts.
This quarter also marked their successful fund raise of INR 330 Cr from IFC, a member of the World Bank Group to accelerate their growth plans. They have plans to expand presence in the super speciality segment through addition of larger sized hospitals
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