| Apollo Hospitals Related news |
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Apollo Hospitals to join Ayushman Bharat, but only in smaller cities
Posted on 26th September 2019 |
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Apollo Hospitals, the country’s largest chain in the segment, says it will join the Ayushman Bharat programme in tier-II and tier-III cities. In metropolitan cities, however, it will continue to stay away till the government programme raises the rates for surgery and treatment. |
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AHEL to seek shareholders’ nod to ive off pharmacy business
Posted on 17th September 2019 |
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Pursuant to the recent orders of the National Company Law Tribunal, Chennai, Apollo Hospitals Enterprise (AHEL) has called for an equity shareholders meeting here on October 21 for approving the scheme of arrangement between AHEL and Apollo Pharmacies (APL), the company has informed the stock exchanges on Monday. In November 2018, Apollo Hospitals had said, to capitalise on the huge growth opportunity and to give greater focus, it had decided to restructure its pharmacy business. |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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Apollo Hospitals promoter group will issue 50 lakh shares to reduce stake
Posted on 12th September 2019 |
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The promoter group family of Apollo Hospitals Enterprise Ltd (AHEL) will be issuing five million shares through secondary placement to raise around $101 million (Rs 720 crore). The aim is to reduce the promoters' pledged shares in the company. The deal, for which Citi Group is acting as placement agent and building the book (the term for getting enough investors to buy into a new share issue), is expected to happen in a day or two. |
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Apollo Hospitals’ profit focus is key to retaining investor interest
Posted on 19th August 2019 |
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Shares of Apollo Hospitals Enterprise Ltd have gained 10% since it announced its June quarter results on 13 August. With the performance reassuring investors on asset optimization and profit metrics, the stock hit a new 52-week high of ₹1,4687 on Friday. Losses the company’s new ventures, housed under Apollo Health and Lifestyle Ltd, reduced significantly. |
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Analyst corner: Expect AHCLL to break even at Ebitda level in H2FY20
Posted on 17th August 2019 |
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Apollo Hospitals (APHS) reported Q1FY20 results on August 13. For the quarter, revenues came in at Rs 22.3 bn, up 17% y-y and 2% above our forecast of Rs 21.8 bn. EBITDA pre IND AS 116 acc-ounting change was at Rs 2.7 bn, up 21% y-y and 3% ahead of our estimate. Repo-rted PAT came in at Rs 793 mn, 1% below our estimate. EBITDA margin pre IND AS 116 was at 12.3%, higher by 43bp y-y and 11bp against our estimate. This was due to positive surprise in EBITDA marg-in of new hospitals ex-Proton that was at 8.3% vs our estimate of 5.8%. |
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Apollo Hospitals up 10% in two days on strong Q1 results; nears record high
Posted on 16th August 2019 |
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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. |
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Apollo Hospitals register 32 per cent growth in Q1 profit
Posted on 14th August 2019 |
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Apollo Hospitals Enterprise (AHEL) has reported a 32% growth in its net profit for the quarter ended June 30, 2019 to Rs 79.30 crore as compared to Rs 60.20 crore in the same quarter last fiscal. Revenue grew 17% to Rs 2,229.20 crore as compared to Rs 1,910.40 crore in the same quarter last fiscal. As on June 30, 2019, Apollo Hospitals had 7,348 operating beds across the network (excluding AHLL & managed beds), out of which 13 were new hospitals with 1,870 operating beds. |
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Microsoft ties up with Apollo Hospitals to combat Cardiovascular diseases
Posted on 1st August 2019 |
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Microsoft India and Apollo Hospitals have set up a National Clinical Coordination Committee (NCCC) for the AI-powered Cardiovascular Disease Risk Score API (application program interface), as part of Microsoft’s AI Network for Healthcare initiative. The committee consists of leading doctors from Apollo Hospitals; All India Institute of Medical Sciences, New Delhi; and King George’s Medical University, Lucknow. |
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