Apollo Hospitals Q1 net declines 51% at Rs 35 cr

The total income has seen an increase of 14.3% to Rs 1,680 cr

Apollo Hospitals Enterprise Ltd has posted a decline of 51.2 per cent in net profit at Rs 35.21 crore during the quarter ended June 30, 2017, as compared to Rs 72.17 crore during the same quarter of previous fiscal.

The total income has seen an increase of 14.3 per cent to Rs 1,680.71 crore during the quarter as against Rs 1,469.66 crore during the corresponding quarter of the previous financial year.

The decline in net profit is mainly due to the impact of higher depreciation and interest costs on the over 2,000 new beds created in the last 3 years,