This small-cap stock surges by 10 per cent as it announced 73 per cent jump in net profit!
The company has a ROCE of 26.6 per cent and a ROE of 43.9 per cent.
Yatharth Hospitals operates three specialty hospitals in Delhi's NCR – Noida, Greater Noida, and Noida Extension. The Noida Extension and Greater Noida hospitals rank 8th and 10th in private hospital bed count for Fiscal 2023. The company's expansion includes a 305-bed hospital in Orchha, Madhya Pradesh, boosting total bed capacity to 1,405. Their Noida Extension facility has 450 beds, solidifying its standing. With 394 critical care beds, the hospital focuses on comprehensive care. A team of 609 doctors caters to diverse medical needs across specialties.
Yatharth Hospital and Trauma Care Services Ltd recently announced their stellar Q1FY24 results in which sales of the company surged by 39 per cent and stood at Rs 155 crore as compared to Q1FY23, while EBITDA of the company grew by 61 per cent to Rs 41.4 crore as compared to Q1FY23. Similarly, net profit of the company jumped by 73 per cent and stood at Rs 19 crore as against to Q1FY23. Furthermore, the sales of the company grew by 52 per cent (CAGR) over the past 3 years and net profit has grown by 275 per cent (CAGR) over the same period.
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The company has delivered returns of 3.5 per cent from date of its listing on August 11, 2023. Additionally, the company has a ROCE of 26.6 per cent and a ROE of 43.9 per cent.
On Friday, shares of the company surged by 10 per cent and made and intraday high of Rs 349.45.
Investors should keep a close eye on this buzzing stock.
Disclaimer: The article is for informational purposes only and not investment advice.