 "Apollo Hospitals")
Apollo Hospitals has reported a 29 per cent drop in profit during the second quarter ended September 30, 2020 to Rs 59 crore as compared to Rs 83 crore, during the same period last year. Revenue dropped by 2.8 per cent to Rs 2,761 crore from Rs 2,840 crore.
Standalone revenues of the healthcare services division decreased by 18% to Rs 1,062.6 crore in Q2FY21 compared to Rs 1290.9 crore in Q2FY20. Revenue of existing hospitals degrew 25% while the new hospitals grew by 5%.
Post the NCLT approval, the demerger of the front-end of the Pharmacy business came into
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