Narayana Hrudayalaya, a Rs.1,600 crore leading medical and healthcare services provider from Bengaluru, has turned the corner and earned a consolidated net profit of Rs.17.63 crore during the second quarter ended June 2016 as against a net loss of Rs.0.63 crore in the corresponding period of last year. Its income increased by 17.8 per cent to Rs.442.32 crore from Rs.375.60 crore. EPS worked out to Rs.0.82 as against negative Rs.0.03. Its equity capital stood at Rs.202 crore and promoters are holding 64.85 per cent.
Though its taxation provision increased to Rs.11.83 crore during the quarter under review from Rs.4.79 crore, it has reduced its interest burden to Rs.5.47 crore from Rs.8.88 crore in the last period. EBDITA stood at Rs.55 crore as compared to Rs.36.7 crore and EBDITA margins worked out to 12.2 per cent as against 9.7 per cent. Currently, Narayana Hrudayalaya scrip is moving around Rs.325 on BSE and it touched to its yearly highest level at Rs.360 during January 2016.
The company got listed on January 6, 2016 and it commissioned a 230 bedded multispecialty hospital at Kakriya, Jammu in April 2016 in partnership with Shri Mata Vaishno Devi Shrine Board. It installed the da Vinici robotic surgical system at its Health City at Bengaluru. It has completed 60 successful liver transplants on children and achieved the milestone of conducting 25 heart transplants till date across the network.
Dr Ashutosh Raghuvanshi, vice chairman, managing director and CEO, said, “Our quarter performance in Q1FY17 has been in line with the stated objectives. The key highlight of the quarter has been the commissioning of our 230 bed superspeciality hospital at Kakriyal, Jammu. I am delighted to inform you that the response has been really encouraging and we are seeing good traction in our operations at this facility. This apart, enhanced operating efficiencies in line with maturity of facilities are playing a very significant part in sustaining the earnings for the forthcoming future. Besides, performance of our hospital at Cayman Islands has picked up well with the unit expanding its service offerings through the programmes of plastic surgery, interventional radiology and interventional neurology. Overall, the business looks bright and we are confident of growing upon the strong momentum as we move forward.”
The company has a network of 23 hospitals and 7 heart centres across India with over 5,300 operational beds across all its centres and potential to reach a capacity of over 6,600 beds.