Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Hospitals
Hospital revenues to grow 24.4% YoY
We expect revenues of our I-direct hospital universe to increase by
24.4% YoY on the back of robust revenue growth by Apollo
Hospitals. Overall, we expect in-patient volumes and average
revenue per bed (ARPOB) to grow 13% and 8% YoY, respectively,
for the quarter.
Operating margins to remain stable
Operating margins of the I-direct hospital universe are likely to
improve by 150 bps to 15.1%. Operating margins of Apollo Hospital
are likely to improve by 230 bps to 15.3% YoY due to an
improvement in the pharmacy segment. However, QoQ it is
expected to remain flat. The operating margin of Fortis Healthcare is
likely to see a marginal improvement of 60 bps YoY to 14.8% for
Q4FY11E.
PAT to grow ~53% YoY with Apollo Hospitals leading the pack
The profitability of the I-direct hospital universe will grow 53.3% on
stable operating margins and better revenue growth. Among the
peer set, we expect Apollo Hospitals to report higher growth in
bottomline compared to last year as its business got impacted by
the Telangana crisis. Fortis is expected to report net profit growth of
38% YoY on healthy revenue growth and stable margins.
Company specific view
Company Remarks
Apollo
Hospitals
Total revenues will grow 28.2% YoY. The hospital segment will grow 25% due to
rise in in-patient volume and increase in realisation by 16% and 7% YoY,
respectively, while pharmacy segment revenue will grow 36% to | 188 crore.
Operating margins are expected to remain stable at 15.3% for the quarter
Fortis
Healthcare
Revenues will grow 18.9% YoY and 5.3% QoQ, respectively, on account of a rise in
patient volumes (11% YoY) and increase in revenue per bed (8% YoY). Operating
margins are expected to remain stable at 14.8% for the quarter. As a result, PAT is
likely to grow by over 38% YoY
Source: Company, ICICIdirect.com
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Hospitals
Hospital revenues to grow 24.4% YoY
We expect revenues of our I-direct hospital universe to increase by
24.4% YoY on the back of robust revenue growth by Apollo
Hospitals. Overall, we expect in-patient volumes and average
revenue per bed (ARPOB) to grow 13% and 8% YoY, respectively,
for the quarter.
Operating margins to remain stable
Operating margins of the I-direct hospital universe are likely to
improve by 150 bps to 15.1%. Operating margins of Apollo Hospital
are likely to improve by 230 bps to 15.3% YoY due to an
improvement in the pharmacy segment. However, QoQ it is
expected to remain flat. The operating margin of Fortis Healthcare is
likely to see a marginal improvement of 60 bps YoY to 14.8% for
Q4FY11E.
PAT to grow ~53% YoY with Apollo Hospitals leading the pack
The profitability of the I-direct hospital universe will grow 53.3% on
stable operating margins and better revenue growth. Among the
peer set, we expect Apollo Hospitals to report higher growth in
bottomline compared to last year as its business got impacted by
the Telangana crisis. Fortis is expected to report net profit growth of
38% YoY on healthy revenue growth and stable margins.
Company specific view
Company Remarks
Apollo
Hospitals
Total revenues will grow 28.2% YoY. The hospital segment will grow 25% due to
rise in in-patient volume and increase in realisation by 16% and 7% YoY,
respectively, while pharmacy segment revenue will grow 36% to | 188 crore.
Operating margins are expected to remain stable at 15.3% for the quarter
Fortis
Healthcare
Revenues will grow 18.9% YoY and 5.3% QoQ, respectively, on account of a rise in
patient volumes (11% YoY) and increase in revenue per bed (8% YoY). Operating
margins are expected to remain stable at 14.8% for the quarter. As a result, PAT is
likely to grow by over 38% YoY
Source: Company, ICICIdirect.com
No comments:
Post a Comment