 "Apollo Hospitals profit drops marginally in Q4 to Rs 77 cr")
Krishnan Akhileshwaran, chief financial officer of AHEL, said that the standalone net profit has been affected since tax rate for the quarter has been higher and also Rs 7.5 crore was spent on Corporate Social Responsibility was made during the year, out of which around Rs 5-6 crore was spent during the fourth quarter.
"Also, there was a higher tax rate for a planned completion of a project, which has been pushed to the succeeding quarter. The Malleswaram facility, which was expected to come last year, will be commissioned only this fiscal," he said.
A total of around Rs 15 crore was thus affected during the quarter.
On the fundraising plans, he said the company is looking at raising upto Rs 750 crore through rights issue to the existing investors. It could be launched at least three to four months later. "There is a headroom for growth so that we can use it for our expansion plans and partially to reduce the debt," said Akhileshwaran, adding that currently AHEL's debt is around Rs 1,600 crore.
Prathap C Reddy, Chairman, AHEL commented that the fiscal year 2015 has been an eventful year for Apollo Hospitals. During the year the hospital has commissioned five new hospitals and undertaken a couple of synergistic acquisitions.
AHEL also surpassed the milestone of Rs 5,000 crore in annual consolidated revenue.
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Last year, AHEL has set up around 750 beds in five hospitals and made an acquisition. This fiscal year, plans are to set up another around 850 beds, which would take the total number of additional beds by the end of tge current fiscal year would be 2,000.
He refused to comment on the reports that the company is looking at acquisition of healthcare facility in Mumbai. The company continues to look atan opportunity to acquire a hospital in North East market, he added.