Q4 Result: Indraprastha Medical Corporation Net Profit Jumps By 30% To Rs 19.84 Cr

Indraprastha Medical Corporation on Tuesday announced its January-March quarter results, the healthcare provider has clocked a Profit After Tax (PAT) of Rs 19.84 crores in quarter four of the financial year 2023, registering a jump of 30.5 per cent year on year against Rs 15.20 crores registered in the same quarter in FY2022. 

For FY23 the company's net profits also soared to Rs 86 crores from Rs 58 crores recorded in FY22, registering a rise of 40.2 per cent YoY.

The company's consolidated revenues also jumped by 28.11 per cent in Q4FY23 YoY to Rs 278 crore against Rs 217 crore registered in Q4FY22. The healthcare provider's revenues for FY23 further surged by 24.3 per cent to Rs 1,108 crores from Rs 891 crores in FY22.

The healthcare provider's total expenses rose by 27.4 per cent YoY in the March quarter to Rs 251 crores from Rs 191 crores recorded in the same quarter of the previous year. In FY23, Indraprastha Medical Corporations' expenses came in at Rs Rs 991 crores against Rs 812 crores in FY22, a rise of 22 per cent YoY.

The Board of Directors of the company have recommended a dividend of 30 per cent i.e. Rs. 3.00 per share for the financial year 2022-23.