{"id":122250,"date":"2024-04-12T12:20:45","date_gmt":"2024-04-12T06:50:45","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=122250"},"modified":"2024-04-12T13:45:09","modified_gmt":"2024-04-12T08:15:09","slug":"healthcare-stock-jumps-7-after-it-achieved-debt-free-status","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/healthcare-stock-jumps-7-after-it-achieved-debt-free-status\/","title":{"rendered":"Healthcare stock jumps 7% after it achieved debt-free status\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1256630526\"><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>On Friday, the shares of the top diagnostics company surged by 7.5 percent, reaching a 52-week high price of \u20b91,935 per share. This significant increase followed the company&#8217;s complete repayment of its debt, leading to a debt-free status as of March 31, 2024.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1138349510\"><!-- 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>At 11:25 a.m., <strong>Metropolis Healthcare Ltd.<\/strong> shares were trading at \u20b91,884 a share, up 4.69 percent from the previous close price on the Exchange, and the company has a market capitalization of \u20b99,604 crores.\u00a0<\/p><p>According to the company&#8217;s report, in the fourth quarter of FY24, the core business revenue experienced a growth of around 15% compared to the previous year. This growth was fueled by an approximately 8% increase in volume and a 7% increase in Revenue Per Patient (RPP) year-over-year.&nbsp;<\/p><p>The growth in RPP was primarily attributed to the expansion of the specialty tests segment, premium wellness segment, and adjustments in prices. Additionally, the company&#8217;s B2C revenues saw a year-on-year increase of approximately 18% in Q4 FY24. Furthermore, during this quarter, the company successfully repaid its debts, achieving a debt-free status as of March 31, 2024.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3754533563\"><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><strong>Metropolis Healthcare shares have gained 25 percent in the last six months and 45 percent in the last 12 months.\u00a0<\/strong><\/p><p>The Company experienced a 2 percent annual increase in revenue, rising from \u20b9285 crores in Q3 FY23 to \u20b9291 crores in Q3 FY24. Concurrently, net profit declined by 25 percent during the same period, climbing from \u20b936 crores to \u20b927 crores.&nbsp;<\/p><p>Metropolis Healthcare Limited is a well-known Indian diagnostics company. The company has a diagnostic center network across India, South Asia, Africa, and the Middle East.&nbsp;<\/p><p>Metropolis Healthcare Ltd stands as the second largest diagnostic company in India, dominating the market in Western and Southern India.&nbsp;<\/p><p><strong>Revenue analysis for H1FY24 reveals that the core business constitutes 98% of total revenue, while Public-Private Partnership (PPP) contracts and COVID-related services contribute 0.5% and 1.5%, respectively.<\/strong><\/p><p>Geographically, revenue distribution indicates 8% from North India, 5% from East India, a significant 51% from West India, 30% from South India, and 6% from international operations.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-1250251719\"><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>Over the past three years, the company&#8217;s B2B segment has been the primary revenue driver, resulting in an extended receivables cycle. Despite efforts by management to diversify revenue streams and reduce reliance on the B2B segment, it still constitutes approximately 51% of total revenue.&nbsp;<\/p><p>Company has opened 141 centers and 7 labs in Q2FY24 in line with it 90:30 program. In H1FY24, company increased from 307 towns to 488 towns.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\">Disclaimer<\/h4><p><strong><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/strong><\/p><p><\/p><div class=\"trade-after-content\" id=\"trade-1781484044\"><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>On Friday, the shares of the top diagnostics company surged by 7.5 percent, reaching a 52-week high price of \u20b91,935 per share. This significant increase followed the company&#8217;s complete repayment of its debt, leading to a debt-free status as of March 31, 2024.&nbsp; At 11:25 a.m., Metropolis Healthcare Ltd. shares were trading at \u20b91,884 a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":62638,"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":[31,13525],"tags":[],"class_list":["post-122250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"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>Healthcare stock jumps 7% after it achieved debt-free status\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"On Friday, the shares of the top diagnostics company surged by 7.5 percent, reaching a 52-week high price of \u20b91,935 per share.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/healthcare-stock-jumps-7-after-it-achieved-debt-free-status\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Healthcare stock jumps 7% after it achieved debt-free status\u00a0\" \/>\n<meta property=\"og:description\" content=\"On Friday, the shares of the top diagnostics company surged by 7.5 percent, reaching a 52-week high price of \u20b91,935 per share.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/healthcare-stock-jumps-7-after-it-achieved-debt-free-status\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-12T06:50:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-12T08:15:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/09\/Market-1985-Cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/healthcare-stock-jumps-7-after-it-achieved-debt-free-status\/\",\"url\":\"https:\/\/tradebrains.in\/features\/healthcare-stock-jumps-7-after-it-achieved-debt-free-status\/\",\"name\":\"Healthcare stock jumps 7% after it achieved debt-free status\u00a0 - 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