Leading Multi Speciality Healthcare Chain hit its 52 week high and all-time high price after it jumped 9 percent in the day’s trade following its Q2FY24 results with increase in Net Profit by 32 percent YoY.
At 11:35 a.m the shares of Narayana Hrudayalaya Limited were trading at Rs. 1,138 up 4.92 percent from its previous day close price of Rs. 1,084.65 and its market capitalization is Rs. 23,264.
Narayana Hrudayalaya Limited reported a 34.24 percent YoY jump in Net Profit from Rs. 168.85 Crores in Q2FY23 to Rs. 226.68 Crores in Q2FY24 and it grew 23.16 percent QoQ from Rs. 184.04 Crores in Q1FY24 to Rs. 226.68 in Q2FY24.
Its Revenue from operations grew 14.33 percent YoY from Rs. 1,141.57 Crores in Q2FY23 to Rs. 1,305.24 Crores in Q2FY24 and it grew 5.82 percent QoQ from Rs. 1,233.42 Crores in Q1FY24 to Rs. 1,305.24 Crores in Q2FY24.
As per the company’s financial statements its revenue grew 22.25 percent from Rs. 3,701.32 Crores in FY22 to Rs. 4,524.77 Crores in FY23, accompanied by increasing profits of Rs. 342.12 Crores to Rs. 606.57 Crores.
It has reported a return on equity (ROE) of 33.55 percent and a return on capital employed (ROCE) of 33.92 percent, it is making good returns on its equity and capital employed.
According to the latest shareholding data available for the September 2023 quarter, the company’s Promoters hold 63.85 percent stake, the Domestic Institutional Investors hold 10.90 percent and the Foreign Institutional Investors (FII) hold 11.59 percent.
Narayana Hrudayalaya Limited is engaged in providing economical healthcare services. It has a network of multispecialty and super specialty hospitals spread across multiple locations.
Written by: Bharath K.S
