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Apollo Hospitals dips post Q4 earnings

Q4 profit at Rs 76 crore on back one-time gain due to sale of assets against an average analyst estimates of Rs 82 crore.

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SI Reporter Mumbai
Apollo Hospitals Enterprise has dipped 4% to Rs 1,028 on reporting a 27% year-on-year (yoy) jump in standalone net profit at Rs 75.52 crore for the quarter ended March 31, 2013 (Q4) on the back of one-time gain due to sale of assets. Analyst on an average had expected profit of Rs 82 crore for the quarter. The company had profit of Rs 59.32 crore in a year ago quarter.

“The company earned extraordinary income of Rs 4.54 crore on selling of the assets related to seven of its clinics to its 100% subsidiary as a slum sale,” Apollo Hospitals Enterprise said in a statement.

Total income from operations grew 14% at Rs 848 crore on yoy basis, it added.

The stock opened at Rs 1,072 and hit a low of Rs 1,021 on NSE. A combined 660,346 shares changed hands on the counter so far on NSE and BSE.

 
 

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First Published: May 20 2013 | 2:07 PM IST

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