The share of this healthcare company fell by 13.26 percent after the company received an order from the Commissionerate of Sagar Sambhag, Madhya Pradesh to take over the premises of the hospital.
Yatharth Hospital & Trauma Care Services Ltd is a small-cap company with a market capitalization of Rs 3,313.82 crores. The company shares closed at Rs 386 a share, a decrease of 10.66 percent from the previous close price of Rs 432.05 a share.
Yatharth Hospital & Trauma Care Services Ltd received an order from the Commissionerate of Sagar Sambhag, Madhya Pradesh, according to the Exchange filing, to take over the hospital’s premises because the land specified in the said order belongs to the Madhya Pradesh government, the company said there will be no immediate impact on the ongoing operations at Ramaraja Hospital.
On February 18, 2022, Yatharth Hospital & Trauma Care Services Ltd purchased a 100% equity share from M/s. Ramraja Multispeciality Hospital & Trauma Centre Private Ltd, hereafter referred to as “Ramraja Hospital.”
At first, the National Highway Authority of India (NHAI) purchased 0.962 and 0.418 hectares of land out of the 5.698 hectares that Ramraja Hospital had originally purchased from various parties. The NHAI was compensated for the land it had purchased.
Yatharth Hospitals achieved net debt-free status during the quarter, and during that time, finance costs dropped by 50% QoQ and 42% YoY to Rs. 29 mn. The full effect of debt reduction on financing costs will become apparent in Q3 of this year.
Yatharth Hospitals strives to provide state-of-the-art medical technology and cutting-edge equipment. They have four hospitals that are outfitted with sophisticated technological machines and devices.
Looking into the company’s performance, Yatharth Hospital & Trauma Care Services Ltd’s revenue increased by 33.5 percent from Rs 128 Crore in Q2FY23 to Rs 171 Crore in Q2FY24. During the same period, net profits increased by 75 percent from Rs 16 crore to Rs 28 crore.
Yatharth Hospital is the best trauma and intensive care center in Delhi NCR and Greater Noida. It specializes in trauma emergency medicine.
Written By:- Abhishek Singh.
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