AHLL (Apollo Health & Lifestyle), a subsidiary, posted sales growth and profitability. APH also reduced operational costs at Healthco. However, GMV growth rates moderated.
APH's consolidated revenue grew 15 per cent year-on-year (Yo-Y) to ₹5,090 crore. Healthcare services revenue rose 16.8 per cent Y-o-Y to ₹2,560 crore. Healthco revenue was up 15.3 per cent Y-o-Y at ₹2,080 crore. The AHLL revenue increased 14.9 per cent Y-o-Y to ₹370 crore. The Ebitda grew 32.6 per cent Y-o-Y to ₹680 crore and adjusted PAT rose 83 per cent Y-0-Y to 316 crore. In Q1FY25, the revenue contribution of cash, insurance, international patients and government segments was at 38 per cent, 47 per cent, 6 per cent and 10 per cent, respectively.
The Ebitda margin expanded by 180 basis points (bps) Y-o-Y to 13.3 per cent. The Ebitda margins for healthcare services stood at 23.6 per cent and diagnostic and retail health had a margin of 8.4 per cent (up 110 bps Y-o-Y) and digital health at 1.1 per cent (turnaround vs Ebitda loss in Q1FY24).
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FY25 as weak-earnings year is gradually getting priced in
Even as many blame record foreign portfolio outflows for the market downturn, the real culprit is weak earnings amid rich valuations, says GAUTAM CHHAOCHHARIA, head of global markets, India, UBS. In an interview with Samie Modak in Mumbai ahead of the UBS India Summit, Chhaochharia highlights that 2024-25 (FY25) weak earnings growth is now factoring into market expectations. Investors are shifting their focus to the actions of the Reserve Bank of India (RBI) and the central government, as well as the outcome of upcoming state elections. Edited excerpts:
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