Apollo Hospitals Q3 profit rises 42% to Rs 130 cr, revenue down 5%

Apollo Hospitals on Friday reported a 42 per cent growth in net profit for the quarter ended December 31, 2020 (Q3FY21) at Rs 130 crore. It was Rs 92 crore in the same period last year (Q3FY20)

Revenues dropped by around 5 per cent to Rs 2,760 crore compared to Rs 2,911 crore, a year ago.

Standalone revenues of the healthcare services division declined by 4 per cent to Rs 1,240.7 crore in the latest December quarter compared to Rs 1296.9 crore in the same quarter last year. Revenue of existing hospitals fell by 8 per cent, while the new