Narayana Hrudayalaya recorded 45.1% growth in consolidated net profit to Rs 110.6 crore on 20.2% increase in total operating income to Rs 1,033.4 crore in Q1 FY23 compared to Q1 FY22.

Consolidated EBITDA stood at Rs 200 crore, reflecting a margin of 19.4%, compared to Rs 140.4 crore in Q1 FY22 translating to an annual growth of 42.5%.

As of June 30, 2022, total borrowings less cash and bank balance and current investments was Rs 82.9 crore, representing a net debt to equity ratio of 0.05. (Of which, loans worth US$28 million are denominated in foreign currencies).

Group Managing Director and CEO Dr Emmanuel Rupert, Narayana Hrudayalaya, said With the near normalization of services after the onset of the pandemic leading to a large overall increase in performance across all our units, we are pleased to announce a record profitability for our Indian operations in the past quarter, surpassing previous highs seen in Q3 FY22.

Complemented by our regular overseas operations in the Cayman Islands, we remain globally well placed to continue this commercial momentum despite the new uncertainties linked to Covid-19.

Going forward, while continuing to consolidate our operations, we will seek to pursue growth opportunities both in India and overseas to derive synergies from our strong existing operations to maximize value for all our stakeholders. .

Narayana Hrudayalaya is a healthcare service provider, operating a chain of multi-specialty, tertiary and primary healthcare facilities. The company has a network of 20 hospitals and 4 cardiac centers across India as well as an overseas presence in a hospital in the Cayman Islands and a managed hospital in Saint Lucia with over 6,000 beds operational in all its centers and the potential to reach a capacity of more than 6,300 beds.

The certificate gained 3.82% to end at Rs 658.75 on BSE on Monday.

The national stock market is closed today (August 9, 2022) due to Muharram.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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