 "Narayana Hrudayalaya gains on strong Q1 results")
Narayana Hrudayalaya rallied 13% to Rs 329 on the BSE after the company reported consolidated net profit of Rs 16.72 crore in June quarter (Q1FY17) against a loss of Rs 50 lakh in the year-ago quarter.
The consolidated total operating income increased by 19% at Rs 452 crore against Rs 379 crore in the corresponding quarter of previous fiscal.
EBITDA (earnings before interest, taxes, depreciation and amortization) margin improved by 247 basis points at 12.2% in Q1FY17 as against 9.7% in Q1FY16, Narayana Hrudayalaya said in a press release.
Commenting on the performance Dr. Ashutosh Raghuvanshi, vice chairman, managing director and group CEO, Narayana Hrudayalaya said, enhanced operating efficiencies, in line with maturity of facilities is playing a very significant part in sustaining the earnings for the forthcoming future. Overall, the business looks bright and we are confident of growing upon the strong momentum as we move forward.
At 03:08 pm, the stock was up 9% to Rs 318 on the BSE, compared to 0.12% decline in the S&P BSE Sensex. A combined 810,941 shares changed hands on the counter on the BSE and NSE so far.
The consolidated total operating income increased by 19% at Rs 452 crore against Rs 379 crore in the corresponding quarter of previous fiscal.
EBITDA (earnings before interest, taxes, depreciation and amortization) margin improved by 247 basis points at 12.2% in Q1FY17 as against 9.7% in Q1FY16, Narayana Hrudayalaya said in a press release.
Commenting on the performance Dr. Ashutosh Raghuvanshi, vice chairman, managing director and group CEO, Narayana Hrudayalaya said, enhanced operating efficiencies, in line with maturity of facilities is playing a very significant part in sustaining the earnings for the forthcoming future. Overall, the business looks bright and we are confident of growing upon the strong momentum as we move forward.
At 03:08 pm, the stock was up 9% to Rs 318 on the BSE, compared to 0.12% decline in the S&P BSE Sensex. A combined 810,941 shares changed hands on the counter on the BSE and NSE so far.