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Apollo Hospitals up 10% in two days on strong Q1 results; nears record high

The company's consolidated net profit more than doubled at Rs 49 crore in Q1FY20 as against a PAT of Rs 23 crore in the year ago quarter.

Apollo Hospitals has been investing big in infrastructure and bringing in advanced technologies such as Proton Therapy for cancer treatment, which has resulted in a higher debt

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3 min read Last Updated : Aug 16 2019 | 1:03 PM IST

Shares of Apollo Hospitals Enterprises rallied 7 per cent intra-day to Rs 1,454 apiece on the BSE on Friday, also its 52-week high, on strong June quarter results for FY20 (Q1FY20). The stock has surged 10 per cent at the bourses since Tuesday, when it reported more than double consolidated net profit at Rs 49 crore. The company had a profit of Rs 23 crore in the year-ago quarter. The stock is 6 per cent away from its all-time high level of Rs 1,544 touched on March 2, 2016.

Operational revenue during the quarter grew 16 per cent at Rs

Topics : Apollo Hospitals Enterprise Buzzing stocks

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