Wednesday, Jun 29 2022 | Time 14:24 Hrs(IST)
image
Business Economy


KIMS Hospitals Q4 PAT up 42pc at Rs 83.3 crore

Hyderabad, May 19 (UNI) Hyderabad-based Krishna Institute of Medical Sciences (KIMS), the largest corporate healthcare group in Telugu states with a network of 12 hospitals and over 3600 beds spread across Telangana and Andhra Pradesh, on Thursday said it has posted a 42 percent jump in consolidated profit after tax (PAT) at Rs 83.3 crore for the fourth quarter ended March 31,2022, as compared to Rs 58.6 crore in the corresponding quarter of the last fiscal.
During the quarter, the total Income was Rs. 380.5 crore and EBITDA stood at 121.8 crore, the Hospitals said in a statement here.
With this, the consolidated Total Income and EBITDA grew by 25 percent and 41 percent respectively for FY 22 as compared to FY 21.
The Board of Directors of KIMS Hospitals today approved the financial results for the period ended March 31, 2022.
Commenting on the performance, Dr. B. Bhaskara Rao, Managing Director said business momentum in Q4 was slightly muted because of COVID 3rd wave scare in January; it has since then picked up momentum.
“ I am delighted that our newly added therapies like heart & lung transplants, advanced gastroenterology & liver transplant have seen robust growth this financial year and we are confident that these advanced therapies will help us offer better clinical care to more people in the coming years”, he said.
FY 23 will be building on the momentum of our recent acquisition (Sunshine Hospitals) and charting newer growth opportunities outside of our core markets, he added.
UNI KNR SHK2237
More News

ICICIdirect launches ICICIdirect iLearn app

29 Jun 2022 | 1:18 PM

Mumbai ,June 29 (UNI) ICICI Securities (I-Sec) on Wednesday announced the launch of ‘ICICIdirect iLearn,’ a learning app that will provide customers with easy access to learning content curated around several financial products and market topics. This will equip customers with the robust knowledge required to better assist them in their investment journey.

see more..
Sensex falls by over 300 points

Sensex falls by over 300 points

29 Jun 2022 | 11:36 AM

Mumbai, Jun 29 (UNI) The BSE Sensex on Wednesday slipped 317.19 points to 52860.26 as selling was seen in Health Care, IT and Technology stocks.

see more..

Rupee falls 9 paise against USD

29 Jun 2022 | 11:08 AM

Mumbai, Jun 29 (UNI) The Rupee on Wednesday dropped nine paise to 78.86 against the USD due to rising demand for the greenback by bankers and importers, dealers at the Foreign Exchange said.

see more..
Fuel prices remain unchanged

Fuel prices remain unchanged

29 Jun 2022 | 8:49 AM

New Delhi, June 29 (UNI) The prices of petrol and diesel remained unchanged for the 39th straight day on Wednesday.

see more..
Ashiana Housing & Lohia Jain Group join hands to bring premium housing project to Pune

Ashiana Housing & Lohia Jain Group join hands to bring premium housing project to Pune

28 Jun 2022 | 10:12 PM

Pune, Jun 28 (UNI) New Delhi-based real estate developer Ashiana Housing and city-based Lohia Jain Group have joined hands to come up with a premium project, Ashiana Malhar, in Pune’s Hinjawadi region.

see more..
image