Astrology  Chat  Cityscape  Classifieds  Entertainment  Health  Matrimonial 
Music  News  Panorama  Search  Shopping  Services  Tours & Travel  Home

Apollo set to go places

Apollo Hospitals, Asia’s largest healthcare service provider, has announced a turnover of Rs 240.7 crore, net profit after tax at Rs 18.3 crore and EBDITA of Rs. 51.10 crore for the half-year ended September 30. The financial results were reviewed by the audit committee and taken on record by the board of directors at a meeting held recently in Kolkata.

The net profit has grown to Rs 18.3 crore for the half-year from Rs 14.5 crore as on September 30, 2002 - a growth of 26 per cent. The EBDITA for the same period showed a growth of 7.6 per cent from Rs 47.49 crore to Rs. 51.10 crore for the same period.

The company Dupont ratio analysis reveals that the return on equity rose from 12.51 per cent for the year ended March 31, 2003, to 16.09 per cent for the half-year ended September 30, 2003 (annualised).

Highlights of the half-year:

• Completes 20years of healthcare service;

• PAT up 26 per cent;

• Turnover rises to Rs 240.7 crore;

• First Med Hospital revenues triple; and

• Developing a self-funded insurance package for NRIs.

Commenting on the results, Dr Prathap C. Reddy, chairman, Apollo Hospitals, said, “The half-yearly audited results have shown a significant growth across all our core business units. Apollo Hospitals today stands for providing world-class service to all our patients, who come in for treatment not only from various parts of India but from the world. We have initiated a series of business initiatives in the healthcare sector and each one of it, especially the First Med Hospitals model, has worked significantly for us.”

Dr Reddy added, “The last quarter witnessed the completion of 20 years of healthcare service. The mission for the Apollo group now is to be able to sustain and build further on the quality standards we have set for ourselves.”

First Med Hospitals triples revenue:

Apollo Hospitals Enterprises Ltd (AHEL) started its second brand, the ‘First Med Hospitals’ in Chennai in April 2002 with focus on providing emergency and trauma care to the neighbouring areas. This 74-bed acute care centre has over 25 specialties, including cardiology, neurology, nephrology, urology, orthopaedics and radiology.

• The revenues tripled over the first half of the previous year;

• Average occupancy has gone up to 93 per cent;

• Average collection stood at Rs 3 lakh per day;

• Proven to be successful model and has been patronised by the local populace.

Pharmacy:

• Adds 35 new retail outlets in H1 - taking the total number of pharmacies to 137.

• Turnover increased by 19 per cent from Rs 81.2 crore to Rs 96.6 crore.

Telemedicine:

This technology is being used effectively in the international market and forms the backbone in Apollo’s drive to tap the international market. Apollo has made a formal request to the Ministry of Civil Aviation to offer hopping flights selectively to destinations like Chennai, Hyderabad, Delhi, Ahmedabad and Kolkata. Health aviation promises to be a new economic growth engine for the region.

International expansion:

Apollo Hospitals would be expanding its network of information centres to Jakarta, Kuwait, Oman and Bahrain during the next quarter. It has established over 35 information centres over the last five years in India and abroad.

The centres enable patients to interact and gather information on the hospital, type of specialisations and specialists available. They also facilitate the travel, stay and other logistics of the patients coming to the hospitals from other localities. Over 10 such centres are also linked to the telemedicine network thereby providing real-time consultation with the doctors. The centres also enable the hospitals and its doctors to set up camps and provide medical facilities to patients from distant regions.

Recommend this page	Mail us your feedback