Q1 Results: Medanta's PAT Jumps By 73% YoY To Rs 103 Cr

Global Health a private multi-specialty tertiary care providers operating in the North and East regions of India, on Thursday announced its unaudited consolidated financial results for the quarter ending 30th June, 2023. 

Medanta's total income in Q1FY24 stood at Rs. 794 crore; growth of 26.8 per cent y-o-y against Rs 626 crores in the same quarter last year. 

The healthcare provider's EBITDA stood at Rs 199 crore up by 40.7 per cent y-o-y. EBITDA margins improved from 22.6 per cent in Q1 FY23 to 25.1 per cent in Q1 FY24. 

Profit after tax (PAT) was at Rs 102 crores up by 73.7 per cent y-o-y against Rs 58 crore recorded in Q1FY23.

Average Occupied bed days increased by 16.2 per cent y-o-y, representing an occupancy of 58.1 per cent in Q1 FY24 on increased bed capacity. 

ARPOB grew by 7.1 per cent y-o-y to Rs 63,148; In-patient volume increased by 19.4 per cent and Out-patient volume increased by 17.5 per cent y-o-y. 

Pankaj Sahni, Group CEO and Director said: “We are also pleased to report our Q1 FY24 financial performance. The Company continues to deliver strong year-on-year and sequential growth driven by higher patient volumes and improvement in realisation.”