Apollo Hospitals Q2 Results

Promoters' pledged shares to come down to 20-25 per cent in a month

Apollo Hospitals Enterprise Ltd has posted a decline of 22.9 per cent in net profit at Rs 70.90 crore during the quarter ended September 30, 2017, as compared to Rs 91.99 crore during the same quarter of last year. The total income grew to Rs 1854.27 crore during the quarter as against Rs 1643.54 crore during the corresponding quarter of last year."It has been a good quarter where we have seen an overall recovery in volumes. It also reiterates our resilience of our model, powered by a strong focus by clinical and operational excellence," said Akhileswaran Krishnan, Chief Financial Officer of Apollo Hospitals. Overall the performance has been good for this quarter, he averred.The 23 per cent drop in PAT was as expected, since the depreciation and interest for the year was high because of the investments in the new hospitals. The company has added almost 13 new hospitals of over Rs 2000 crore of Capex, all of that will start contributing to the business soon. A few of them have already .