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 company has consistently expanded by 20 per cent over the last few years without over-leveraging its balance sheet as per the results.
Additionally, Apollo Hospital’s FY13 results show volume growth across all ‘Centres of Excellence’. The company’s Hyderabad hospital has been re-accredited by the 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 Andhra Pradesh and a REACH hospital in Trichy. The time frame set for the establishments of these hospitals is between four to six months informed Krishnan Akhileswaran, Group CFO, Apollo Hospitals.
The group will increase its pan India presence by adding around 3,000 beds in the next three years. Moreover, plans are to establish hospitals at Indore and Patna as well. The company is also looking out for strategic partnerships to expand their business in Africa, the Middle East, Asia and the neighbouring countries. “Our strategy for business outside India is currently not focussed on active investment model but we are looking out for operation management positions,” added Krishnan.