Apollo Hospitals (APOLLOHOSP) Q4 97/98 earnings summary

Executive summary

• FY98 turnover rose to ₹8,978 lakh from ₹7,696 lakh; PAT fell to ₹856 lakh from ₹1,158 lakh, reflecting higher financial expenses and depreciation.

• Significant investment in Madurai and other projects was expected to support results from the next year; strategy emphasized quality, service and profitability.

Financial highlights

• Hospital collections were ₹8,592 lakh vs ₹7,296 lakh; other income was ₹385 lakh vs ₹400 lakh.

• PBT was ₹880 lakh vs ₹1,207 lakh; PAT was ₹856 lakh vs ₹1,158 lakh.

• Financial expenses rose to ₹1,311 lakh from ₹946 lakh; depreciation increased to ₹501 lakh from ₹409 lakh.

• Proposed dividend remained ₹2.50/share, or 25%; ₹100 lakh was transferred to general reserves vs ₹500 lakh in FY97.

Outlook and guidance

• Madurai and other investments were expected to yield good results from FY99 onward.

• Growth priorities included quality and service, stronger profitability, shareholder value and expansion of preventive healthcare.