Medanta announces Q2FY24 results: Net Profit up 46% to Rs 125 crore

MUMBAI, 11 NOVEMBER, 2023 (TGN):  Medanta-operator Global Health Ltd reported a 46 percent year-on-year (YoY) rise in net profit at Rs 125 crore for the July-September period of the current financial year.

The company reported a net profit of Rs 86 crore in the year-ago period.

The hospital operator's revenue for the quarter came in at Rs 844 crore, reflecting a 24 percent rise YoY from Rs 679 crore.

Its earnings before interest, taxes, depreciation, and amortization (EBITDA) was at Rs 213 crore against Rs 156 crore in the same quarter of the previous financial year.

The EBITDA margin for the July- September quarter was reported at 25.2 percent as against 23 percent for the same period a year ago.Ends