Shares of this small cap healthcare company jumped 10.2 percent after the company announced results today and reported profit growth of 50 percent. The company has a market capitalization of Rs. 2,610.06 crores.
At 12:45, 27th October shares of Shalby Ltd were trading at Rs. 266.10 per share, up by 10.2 percent from previous closing price of Rs. 241.40 per share.
Such bullish stock price movements were observed after the company today announced results for Q2FY24 and reported revenue growth of 17.5 percent to Rs. 243.3 crores from Rs. 207.1 crores in the same quarter of previous financial year moreover, in the same time period net profit increased by 49.5 percent to Rs. 271.64 crores from Rs. 181.63 crores.
Looking at the profitability ratios, the company reported return on equity (ROE) of 7.51 percent and return on capital employed (ROCE) of 10.72 percent in the last financial year.
The company’s promoters possess roughly 74.12 percent of the shares, while the public own 21.77 percent, leaving the remaining 4.11 percent with the foreign institutional investors (FIIs).
Shalby is the largest chain of multispecialty hospitals in Western and Central India. It operates 14 hospitals across India with a total bed capacity of 2,000+ beds. The company holds the dominant position worldwide when it comes to knee replacement surgery and ranks among the top hospitals in India for joint replacement procedures.
Written by: Vinit Israni
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