Recovery in occupancy, footfalls drive growth for Apollo Hospitals

The ramp up in new hospitals should add to revenues and margins going ahead for the hospitals segment

Led by a recovery in occupancy and footfalls, the country’s largest hospital chain Apollo Hospitals Enterprises reported an improvement in December quarter performance. While the numbers cannot be compared with the year ago period as well as September quarter levels given the pharmacy restructuring, its performance excluding the impact of the pharma reorganisation were better on a sequential basis. 

While 83 per cent of the company’s 8,816 beds are operational, occupancy levels have increased to 63 per cent as compared to 56 per cent in the September quarter. Patient footfalls have increased with outpatients at 65-70 per cent of pre-Covid levels,