Q1FY19 Result: Narayana Hrudayalaya bottomline turns negative

Leading healthcare service provider in India, Narayana Hrudayalaya's EBITDA for the quarter fell by 9.4 per cent yoy to Rs. 50.4 crore with a corresponding margin contraction of 295 bps.

The company reported results for the quarter ended June 30, 2018 on Thursday after market hours.

The company’s consolidated revenue for the quarter came in at Rs. 652.34 crore, registering 25.2 per cent yoy increase.

EBITDA for the quarter fell by 9.4 per cent yoy to Rs. 50.4 crore with a corresponding margin contraction of 295 bps. EBITDA margin for the quarter stood at 7.7 per cent.

The net loss for the quarter came in at Rs. 4.14 crore as against net profit of Rs. 10.92 crore in the corresponding quarter last year.

Narayana Hrudayalaya operates a chain of multispecialty, tertiary and primary healthcare facilities. The Company has a network of 23 hospitals and 7 heart centres across India and a single hospital overseas in the Cayman Islands with 6,143 operational beds across all its centres and has a potential to reach a capacity of over 7,100 beds.

On Friday, the stock opened at Rs. 255 per share, down by almost 2.8 per cent from its previous close of Rs. 262.30 and made an intraday low of Rs. 249 on the BSE. At 10:57 am, the stock was trading around Rs. 252.15 on the BSE.