Raelene Kambli, EH News Bureau
Apollo Hospital group has had a buoyant consolidated revenue growth of 21.8 per cent at Rs 8813 million as per its revenue results in the Q1FY 13. The results also reveal that Apollo’s earnings before interest, taxes, depreciation, and amortization ( EBITDA) went up by 24 per cent at Rs 1480 million and the consolidated PAT went up by 44.2 per cent at Rs 787 million. The results also brought to light that the company has consistently expanded by 20 per cent over the last few years without over-leveraging its balance sheet.
Additionally, Apollo Hospitals’ FY13 results show volume growth across all ‘Centres of Excellence’. The company’s hospital in Hyderabad has been re-accredited by the Joint Commission International (JCI) while the Group’s REACH hospitals initiative received recognition at the recent G20 Summit in Mexico.
With such remarkable revenue results, Apollo Hospitals has set forth on an expansion path. The group will establish a 200-bedded hospital in Chennai, a 100 bedded ortho-spine centre at Bangalore, another 200-bedded hospital at Vellore in Andra Pradesh and a reach hospital in Trichy. The time frame set for the establishments of these hospitals is between 4-6 months informed Krishnan Akhileswaran. Group CFO, Apollo Hospitals.
As part of their expansion plans the group will increase its pan India presence by adding around 3000 beds in the next three years. Moreover, plans are to establish hospitals at Indore and Patna as well. In the meanwhile, the company is also looking out for strategic partnerships to expand their business in Africa, Middle East Asia and the neighbouring countries. “Our strategy for business outside India currently is not focussed on active investment model but we are looking out for operation management positions”, added Krishnan.
Shortly, the group is also set to organise twin conferences at Hyderabad. The ‘3 rd International Conference on Transforming Healthcare with IT 2012 is slated between August,31-1 September, 2012 and the ‘2 nd International Congress on Patient Safety; Best Practices for Asia’ will be held on September, 1–2, 2012.
- Advertisement -
