Shares of Apollo Hospitals Enterprise rose more than 13 percent on Tuesday, August 17, reaching a 52-week high of Rs 4,956.95 after the company released its April-June quarterly results for fiscal year 2020-21. On Tuesday, Apollo Hospitals opened on the BSE at Rs 4,359, fluctuating to an intra-day high of Rs 4,956.95 and an intra-day low of Rs 4,333.20, during the trading session. The major health insurer reported a net profit of Rs 489 crore in the first quarter of the current fiscal year, compared to a net loss of Rs 208 crore in the same period a year ago.
The company’s revenue in the June quarter was Rs 3,760 crore, compared to Rs 2,171 crore in the corresponding period last year, according to a regulatory filing by the company with the stock exchanges.
Revenue growth during the June quarter was mainly driven by the hospital segment, which rose 26.2 percent quarter-over-quarter to Rs 1,941 crore. The company’s sales from the pharmacy distribution segment grew 35 percent sequentially to Rs 1,512 crore in the April-June quarter.
During the quarter, the occupancy rate across the group was 5,108 beds (67 percent), compared to 2,742 beds (38 percent) in the corresponding quarter last year.
On the NSE, Apollo Hospitals Enterprise opened at Rs 4,345, with an intra-day high of Rs 4,974 and an intra-day low of Rs 4,3332.25, in today’s session. The shares were up 12.81 percent at Rs 4,901.75 apiece on the NSE.
Shares on Apollo Hospitals Enterprises were up 13.19 percent at Rs 4,920.40 each on the BSE.