{"id":107412,"date":"2023-08-18T12:53:37","date_gmt":"2023-08-18T07:23:37","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=107412"},"modified":"2023-08-18T12:53:39","modified_gmt":"2023-08-18T07:23:39","slug":"corporate-hospitals-fy24-revenue-is-expected-to-increase-by-8-10-icra-report","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/corporate-hospitals-fy24-revenue-is-expected-to-increase-by-8-10-icra-report\/","title":{"rendered":"Corporate hospitals&#8217; FY24 revenue is expected to increase by 8\u201310%: ICRA report"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3675163305\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>ICRA Ltd is a credit rating and investment information company that is independent and qualified. Three business segments make up the company&#8217;s operations: knowledge and market services, consulting services, and rating, research, and other services.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2555510115\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Corporate hospitals are set to clock an 8-10 per cent revenue growth and strong margins in the current fiscal, ICRA Ratings said in a report on Thursday.<\/p><p>The rating agency maintained a stable outlook for the sector, saying the improving operating leverage, coupled with continued cost optimisation and digitisation measures, are expected to support healthy operating margins of 22-23 per cent in 2023-24 (FY24).<\/p><p>The report is based on the agency&#8217;s sample of nine listed hospital chains &#8212; Apollo Hospitals, Aster DM Healthcare, Fortis Healthcare, Healthcare Global Enterprises, Krishna Institute of Medical Sciences, Max Healthcare, Narayana Hrudayalaya, Rainbow Children&#8217;s Medicare and Shalby Hospital.<\/p><div class=\"trade-content_5\" id=\"trade-943593273\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Higher revenue and margin expectations are led by a rising incidence of non-communicable lifestyle diseases, growing per capita spending on healthcare, increasing number of health insurances being availed of, and an increase in medical tourism, it said.<\/p><p>The report said the aggregate occupancy is likely to be at 63-65 per cent in FY24 as against 65.1 per cent in FY23.<\/p><p>The Average Revenue Per Occupied Bed (ARPOB) is expected to moderate to 5-7 per cent of the total revenue in FY24 as against 10 per cent in FY23.<\/p><p>Overall, the ratings agency estimated revenue to grow 8-10 per cent on the back of a 22-23 per cent operating margin expansion.<\/p><p>Mythri Macherla, assistant vice-president at ICRA Ratings, said these hospital chains have announced plans to add over 8,400 beds over the next four years due to a sustained improvement in demand.<\/p><p>This translates to over 26 per cent increase in capacity from the March 2023 levels.<\/p><div class=\"trade-content-10\" id=\"trade-333764390\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The in-patient footfall saw steady sequential improvement during every quarter of FY23, except the October-December period when elective surgeries were deferred by patients due to the festive season, according to the report.<\/p><p>Most of these hospitals saw a jump in the return on capital employed from 6 per cent in FY21 to 18 per cent in FY22, before settling at 16 per cent in FY23, the report said, adding that the same is expected to be in the 13-15 per cent range going ahead.<\/p><div class=\"trade-after-content\" id=\"trade-1596224095\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>ICRA Ltd is a credit rating and investment information company that is independent and qualified. Three business segments make up the company&#8217;s operations: knowledge and market services, consulting services, and rating, research, and other services.&nbsp; Corporate hospitals are set to clock an 8-10 per cent revenue growth and strong margins in the current fiscal, ICRA [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":93851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-107412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Corporate hospitals&#039; FY24 revenue is expected to increase by 8\u201310%: ICRA report - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"ICRA Ltd is a credit rating and investment information company that is independent and qualified. 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