Narayana Hrudayalaya surges 8% on good Q4 results

The company reported consolidated net profit of Rs 22 crore in Q4 against Rs 5 crore in year ago.

Narayana Hrudayalaya moved higher by 8% to Rs 319 on the BSE in noon deals after the company reported more than four-fold jump in its consolidated net profit at Rs 22 crore in March quarter (Q4FY17). The company engaged in healthcare services business had logged profit of Rs 5 crore in the same quarter of last fiscal year.

Consolidated total operating income grew 13% to Rs 484 crore in Q4FY17 against Rs 428 crore in the corresponding quarter of previous year. Ebitda (earnings before interest, tax, depreciation and amortization) margin during reporting quarter was at 13.6% as against 12.5%