The stock of the country’s largest listed hospital company, Apollo Hospitals Enterprise, is up over 20 per cent since January 1, and half of these gains have come over the past fortnight.
Better-than-expected performance in the 2023–24 (FY24) October-December quarter (Q3) has led to earnings upgrades, while capacity expansion and rising revenue per bed could translate into strong revenue and profit growth over the next two years.
While overall revenues saw a 13.8 per cent growth year-on-year (Y-o-Y) at Rs 4,850 crore, the hospital segment, which accounts for just over half of consolidated revenues, saw a growth of 12 per