Page 5 - Healthcare

Eureka Forbes Ltd Q1FY25 results: Net profit up 26.4% at Rs 32.15 cr

Health and hygiene products maker Eureka Forbes Ltd on Thursday reported a 26.37 per cent increase in its consolidated net profit to Rs 32.15 crore for the first quarter ending June. The company had posted a net profit of Rs 25.44 crore in the April-June quarter a year ago, according to a regulatory filing by the firm now controlled by private equity firm Advent International. Its revenue from operation was up 9.61 per cent to Rs 553.37 crore during the quarter under review. It was at Rs 504.81 crore in the corresponding quarter. Eureka Forbes' total expenses increased 8.77 per cent to Rs 512.53 crore in the June quarter. Total income of Eureka Forbes was up 9.64 per cent at Rs 555.71 crore in the June quarter. Commenting on the results, Eureka Forbes MD and CEO Pratik Pota said: "Despite a muted demand environment, we are pleased to report the third successive quarter of double-digit growth in our continuing business. "Growth was broad-based across both Water Purifier and Vacuum

Dr Lal PathLabs Q1FY25 results: Net profit rises 28% to Rs 106 cr

Consolidated net profit rose 28 per cent to Rs 106 cr (around $13 million) for the quarter ended June 30, beating analysts' estimate of Rs 99.27 cr, per LSEG

National full immunisation coverage at 93.5%; Lakshadweep, J-K top list

The national full immunisation coverage for 2023-24 was 93.50 per cent, with Lakshadweep and Jammu and Kashmir topping the list, according to the Source Health Management Information System. In a written reply in the Rajya Sabha on Tuesday, Union Minister of State for Health Prataprao Jadhav said Lakshadweep (108.79 per cent) and Jammu and Kashmir (108.66 per cent) were followed by Telangana (106.13 per cent), Delhi (105.03 per cent), Andhra Pradesh (101.26 per cent), Mizoram (101.10 per cent) and Maharashtra (101.04 per cent). Immunisation coverage was above 95 per cent in West Bengal, Uttar Pradesh, Tripura, Meghalaya, Karnataka, Jharkhand Gujarat, Chandigarh and Chhattisgarh during this period. The coverage was the lowest in Dadra and Nagar Haveli and Daman and Diu at 48.03 per cent. According to health ministry sources, some states and Union territories had figures higher than 100 per cent because of increased coverage by catch-up campaigns such as Intensified Mission Indradhan

Bajaj Group eyes healthcare venture as hospital bed demand rising steadily

The healthcare business venture is likely to be headed by Nirav Bajaj, who currently oversees corporate strategy at Mukand. However, the investment plans have not yet been finalised

Max Healthcare Q1 results: Net profit increases marginally to Rs 295 cr

Max Healthcare Institute on Thursday said its profit after tax rose marginally to Rs 295 crore for the first quarter ended June 30, 2024. The healthcare firm had reported a profit after tax of Rs 291 crore in the April-June quarter of last fiscal. Gross revenue increased to Rs 2,028 crore for the period under review from Rs 1,719 crore in the year-ago period, Max Healthcare Institute said in a statement. "With the launch of Max Super Specialty Hospital, Dwarka, we have added over 900 beds to our capacity so far and have successfully supplemented the momentum of growth in revenues and profitability before augmentation of bed capacity through brownfield expansion plans in FY26," Max Healthcare Institute Chairman and Managing Director Abhay Soi stated. Meanwhile, consistent performance in existing hospitals and encouraging response to offerings at new units are providing the company with confidence to further pursue growth opportunities, including newly entered built-to-suit arrangeme

Rajasthan health dept issues advisory after Chandipura virus patient found

The Rajasthan Medical and Health Department on Tuesday issued a detailed advisory to take precautions and ensure necessary management after a Chandipura virus patient was found in Dungarpur district of the state. Medical and Health Minister Gajendra Singh Khinvsar instructed the authorities to take necessary steps to prevent this disease from spreading after a Chandipura virus patient was found in the state. The department has instructed the principals of all the medical colleges of the state, chief medical and health officers and chief medical officers to ensure necessary action according to the advisory. Additional Chief Secretary of Medical and Health Department Shubhra Singh said after a patient was found in Dungarpur district, arrangements have been made for the prevention and treatment of the disease across the state. Also, instructions have been given to conduct special vigilance in the border districts of Gujarat. Singh said in the detailed advisory issued by the department,

Rare disease patients suffer as CoEs under-utilise funds, shows data

5 of 12 CoEs formed to treat rare diseases have spent less than 35% funds allotted

Irdai directs Care Health to buy back shares allotted to Rashmi Saluja

Irdai has directed Care Health to cancel and revoke stock options to Saluja which remain unexercised and also ensure that no further grant and/or allotment of options are made to Saluja

Healthcare has become more affordable and accessible: Eco Survey

As such, out-of-pocket expenditure (OOPE) as a percentage of THE has come down from 64.2 per cent in FY14 to 47.1 per cent in FY20

Forgotten pandemic lessons? India's ambulance system needs urgent reforms

A recent report revealed that the focus of the Indian ambulance market, valued at $1.5 billion in 2022, still remains largely on patient transfer rather than critical emergency care

Lupin and Huons partner to bring novel dry eye treatment to Mexico

Cyclosporine Ophthalmic Nanoemulsion is a preservative-free treatment for dry eye syndrome and healing corneal ulcers

Pharma and healthcare sector seals $4.1 bn deals in Q2 2024: Report

The average deal size also saw a jump, rising from $9.7 million in Q1 calendar year 2024 to $74 million in Q2 2024

UnitedHealth beats Q2 profit estimates, raises Change Healthcare hack costs

UnitedHealth currently estimated the total 2024 impact from the hack to be between $1.90 to $2.05 per share. It had previously projected a hit of $1.15 to $1.35 per share

Union Budget 2024-25: Here are the key challenges in health care sector

Public healthcare expenditure is estimated at 2.1% of GDP as of FY23, which is lower than that of many developing nations

Laughter the best medicine in Japan: Local govt passes new health law

Explained: Japan's Yamagata prefecture's has introduced a new laughter ordinance aiming to promote better physical and mental health in the community

What are the neurological symptoms of Zika virus? Know the details

Zika virus typically results in mild symptoms like fever, rash, and joint pain, however, its neurological complications can be severe and lasting

Budget 2024: What does the healthcare sector expect from FM Sitharaman?

Union Budget 2024: Finance Minister Nirmala Sitharaman is set to present the Budget in the Lok Sabha on July 23

Every 3rd Indian affected by fatty liver disease: Minister Jitendra Singh

Union Minister of Science and Technology launches the Indo-French Liver and Metabolic Disease Network to find India-specific interventions for metabolic disorders

Maharashtra govt to include dental treatments in state health scheme

Maharashtra Minister Tanaji Sawant on Monday said dental treatment will now be covered under the Pradhan Mantra Jan Aarogya and Mahatma Phule Jan Aarogya schemes. The state public health minister made the announcement while responding to a question from legislator Satyajeet Tambe in the state legislative council. This expansion broadens the coverage of the two schemes that provide a wide range of medical treatments free of cost at government-recognised hospitals. "Currently, 1,000 private and state-run hospitals are recognised under the schemes. With the latest decision, 900 more hospitals will be included. The expansion is expected to be completed by July 31," Sawant said. The state government is also working on developing an anti-fraud application to prevent hospitals from submitting bogus bills, he said.

Govt launches virtual systems for quality assessment in healthcare centres

The instant or 'tatkal' issuance of licences or registrations in select food businesses under the FSSAI was also a part of the health ministry's 100-day programme