|
Company Watch
Apollo Hospitals Record Income of Rs 14,580 million in FY08-09
Q4 income at a record Rs 3911 million
Dr Pratap Reddy |
Apollo Hospitals Enterprise Ltd (AHEL) —Asia's largest
healthcare service provider —recorded a turnover of Rs 3911 million for
the quarter ended March 31, 2009, registering a significant increase of 34 per
cent net profit in the fourth quarter.
AHEL's financial results for FY09 have achieved major milestones in the 26 year-old
history of Apollo Hospitals' service for better patient-care: the cumulative
income was Rs 14580 million, a 30 per cent increase over last year's income
of Rs 11254 million. The net profit after tax before extra-ordinary items stood
at Rs 1221 million, an increase of over 20 per cent recorded over last year's
figures of Rs 1018 million. The hospital division's turnover grew by 22 per
cent, when compared to FY08.
Said Dr Prathap C Reddy, Executive Chairman, Apollo Hospitals Group, "The
results of FY09 are indicative of the collective efforts and endeavour of the
group to provide the highest quality of healthcare services in India. It is
for this reason that Apollo today ranks among the best hospital groups of the
world."
Through 2008-09, Apollo added another 200 beds to take the total number of beds,
under the brand and management of the Apollo Hospitals Group, to 7,450 beds
while the total number of beds collectively under the ownership of AHEL, and
its associates, subsidiaries, joint ventures stood at 4,356 beds.
Two new hospitals at Karimnagar (in Andhra Pradesh) with
120 beds and Karur (in Tamil Nadu) with 70 beds were commissioned. Overall,
the hospital occupancy stood at 76 per cent; the average length of stay was
lower at 5.15 days, compared to 5.18 days in the previous year.
The Apollo Hospitals Group's Chain of Standalone Pharmacies has gained significant
reputation for dispensing quality drugs and other medical consumables. There
are now 873 standalone pharmacies operational with the addition of 297 standalone
pharmacies during FY09 — a growth of 50 per cent, ensuring better and timely
services for patients. The network of pharmacies is expected to be on expansion
mode for the next year as well.
Apollo Speciality Cancer Hospital has been treating patients from across India,
Bangladesh, Malaysia, Oman, Sri Lanka, Iraq, Iran and Pakistan. Another pioneering
programme has been the liver transplant programme in India: Apollo Hospitals
Chennai has performed the largest number of cadaver liver transplants in the
last one year and has changed the scenario of liver transplantation in southern
India.
The group companies of Apollo Hospitals have also registered sound and praise-worthy
performances. Apollo Gleneagles Hospitals, Kolkata has shown a positive Profit
After Tax during the year ended 31St March 2009. Apollo Hospitals International
Ltd, Ahmedabad and Imperial hospitals and Research Center, Bangaluru have shown
positive EBIDTA for the year ended 31st March 2009.
A major expansion plan with an investment of Rs 150 crore at Apollo Health City,
Hyderabad, and Asia's first operational health city is planned. As part of this
expansion, Apollo has acquired Novalis TX Radio surgery. A state-of-the-art
Knee Institute, Bariatric Surgery Institute and Institute for Aesthetics and
Cosmetic Surgery are currently in the process of being added to the Health City
offerings.
The first of its kind in the state of Orissa, a 350-bed multi-speciality tertiary
hospital at Bhubaneswar will be commissioned shortly. Soon Apollo Children's
Hospital, Chennai, the group's first standalone paediatric hospital, will be
inaugurated.
EH News Bureau
|
