In today’s briefing:
- Weekly Wrap – 18 Aug 2023
- Global Health (MEDANTA IN): Record High Quarterly Revenue in Q1; New Hospital Plan Announced
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Weekly Wrap – 18 Aug 2023
Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.
In this Insight:
- Sino-Ocean Group
- Adani Ports & Special Economic Zone
- Road King Infrastructure
- China Jinmao Holdings
- Geely Auto
and more…
Global Health (MEDANTA IN): Record High Quarterly Revenue in Q1; New Hospital Plan Announced
- Global Health (Medanta) (MEDANTA IN) delivered robust revenue growth and profitability in Q1FY24. Revenue grew 27% YoY and 9% sequentially to INR7.9B. EBITDA margins expanded 250 bps YoY to 25.1%.
- All the key operating metrics including inpatient and outpatient volume, ARPOB, and ALOS improved. However, occupancy declined to 58.1% in Q1FY24 from 60% in Q1FY23 on increased bed capacity.
- Medanta and DLF will develop a 400 bed multi-specialty hospital in Delhi. Ongoing expansion projects are on track to increase the bed capacity to 3,500–4,000 in FY25 from 2,725.