Yatharth Hospitals and Trauma Care Services reported a 60% year-on-year (Y-o-Y) increase in consolidated net profit for the June quarter (Q1FY25) to Rs 30.4 crore, up from Rs 19 crore recorded in the same period last year.
The hospital's operating revenue increased to Rs 211.8 crore in Q1FY25, up 37% year on year from Rs 154.5 crore in Q1FY24. The company's earnings before interest, tax, depreciation, and amortization (EBITDA) increased by 30% year on year to Rs 53.7 crore in the June quarter, with Ebitda margins of 25.3 percent, down from 26.8 percent in Q1FY24.
According to the company's statement, the margin decline is due to operating losses at Yatharth's recently operationalised Faridabad hospital.On a sequential basis, the company reported a 21% decrease in net profit while sales increased by 19%, from Rs 38.3 crore and Rs 177.8 crore reported in Q4FY24, respectively.
The company recorded a 9% year-on-year growth in its average revenue per occupied bed (Arpob) at Rs 30,551 in Q1FY25, with bed occupancy climbing to 61% in the June quarter from 51% the previous year. Yatharth Tyagi, whole-time director of Yatharth Hospitals, commented on the company's June quarter statistics, stating that oncology and robotic procedures are significant drivers of Yatharth's increased Arpob and overall occupancy.
"We continue to professionalize our management and bolster our finance team, with the addition of three key management personnel this quarter, to strengthen our cash flows and balance sheet, and steadfastly pursue our expansion strategy."
The business intends to increase its bed capacity to 2,800-3,000 beds by FY28, boosting the proportion of super specialties and introducing cancer and robots to drive further Arpob improvement. Tyagi stated that the company's obvious aim is to grow its footprint across North India in order to maintain its leadership and innovation in the healthcare sector.
