Max Healthcare Q1 Results: Profit falls 1.58% to ₹236 crore; shares in the red

Max Healthcare reported on Thursday, August 1, a consolidated net profit of ₹236.27 crore for the quarter ended June 30, 2024 (Q1 FY25). The figure slipped 1.58% on a year-on-year (YoY) basis. The company had posted a profit of ₹240.08 crore in the year-ago period. 

Revenue from operations came in at ₹1542.95 crore, up 20% against ₹1284.99 crore logged in the corresponding quarter of the previous fiscal. Total income for the quarter under review stood at ₹1,577.63 crore, up 18.94% YoY. In the year-ago period, the figure stood at ₹1326.31.

Further, EBITDA, or earnings before interest, taxes, depreciation, and amortisation, rose nearly 15% to ₹387.5 crore against ₹337.4 crore in the June 2023–24 quarter. However, margins decreased to 25.1% from 26.3% in the year-ago period, as per news reports.

The chairman added, "In the meantime, consistent performance in existing hospitals and an encouraging response to our offerings at new units are providing us with confidence to further pursue growth opportunities, including the newly entered built-to-suit arrangement in Mohali.” 

Shares of the company after the result announcement were trading 0.89% lower at ₹914 on the NSE. In the past 12 months, the stock has jumped 60%.