Apollo Hospitals net profit dips 35% to Rs 323.78 crore in June quarter

Apollo Hospitals Enterprise has posted a 35 per cent dip in net profit for the April to June quarter of the financial year 2022-23 to Rs 323.78 crore, as compared to Rs 500.68 crore during the same period last financial year.

The company’s revenue from operations dipped marginally by 1 per cent during the quarter under review to Rs 3,795.60 crore, as against Rs 3,760.21 crore. The net profit was after a deferred tax reversal of Rs 154 crore. Apollo’s total expenses increased marginally by 2 per cent during the quarter, to Rs 3,545.36 crore as compared to Rs 3,475.58