Artemis Hospitals announces its Q3 FY23 results

Q3 FY23 Consolidated Gross Revenue stood at Rs 1,979 mn

Artemis Medicare Services has announced its Q3 FY23 and 9M ended Dec 2022 results on 1st February 2023.

Q3 FY23 Consolidated Performance Highlights (YoY)

  • Net Revenue from Operations increased by 30 per cent to Rs 1,875 mn from Rs 1,440 mn
  • EBITDA increased by 43 per cent to Rs 268 mn from Rs 187 mn with margin of 14.3 per cent
  • PAT increased by 61 per cent to Rs 103 mn from Rs 64 mn with margin of 5.5 per cent
  • Net Debt of Rs 1,802 mn as on 31st December 2022; Net Debt/Equity of 0.46x

Q3 FY23 Artemis Hospital Gurgaon (YoY)

  • Average gross revenue per occupied bed (ARPOB) of Rs 67,800 against Rs 64,400
  • EBITDA margin stood at 15.9 per cent as compared to 13.1 per cent
  • Bed capacity utilisation including the new tower stood at 68 per cent
  • Revenues from overseas patients for the quarter increased by 94 per cent to Rs 502 mn, from Rs 259 mn, contributing 24 per cent to net revenue
  • Patient footfall stood at 85,407, an increase of 11 per cent
  • No. of surgeries performed during the quarter 3,187, an increase of 16 per cent
  • Average length of stay (ALOS) at 3.78 days

9M FY23 Consolidated Performance Highlights (YoY)

  • Net Revenue from Operations stood at Rs 5,421 mn showing an uptick of 34 per cent
  • EBIDTA increased by 38 per cent to Rs 732 mn from Rs 531 mn; EBITDA margin stood at 13.5 per cent
  • PAT increased by 50 per cent to Rs 273 mn from Rs 182 mn with PAT margin of 5.0 per cent


Artemis Hospitalfinancial resultsFY23
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