Healthcare facilities firm Narayana Hrudayalaya announced Q3FY23 results: Consolidated Q3FY23: Total operating income was Rs 11,282 million for Q3FY23 as compared to Rs 9,598 million in the corresponding period of the previous year, reflecting an increase of 17.5% YoY and a decline of 1.2% QoQ. EBITDA stood at Rs 2,660 million, reflecting a margin of 23.6% as against Rs 1,819 million in Q3FY22, translating into YoY growth of 46.3% and QoQ degrowth of 3.2% respectively. PAT stood at Rs 1,539 million, reflecting a margin of 13.6% as compared to Rs 975 million in Q3FY22, translating into YoY growth of 57.7% and QoQ degrowth of 8.9% respectively. Consolidated 9MFY23: total operating income was Rs 33,032 million for 9MF23 as compared to Rs 27,606 million in 9MFY22 EBITDA of Rs 7,408 million for 9MFY23, reflecting a margin of 22.4% as against Rs 5,032 million in 9MFY22 PAT stood at Rs 4,333 million for 9MFY23, reflecting a margin of 13.1% as compared to Rs 2,732 million in 9MFY22. IND AS 116: Effective April 1, 2019, which resulted in Rs 118.6 million increase in EBITDA and increase of Rs 0.4 million in PAT for Q3FY23 and Rs 409.1 million increase in EBITDA and increase of Rs 8.4 million in PAT for 9MFY23 on a like-to-like basis. Total Borrowings less Cash & Bank Balance and Current Investments was Rs 2,142 million, representing a net debt to equity ratio of 0.11. (Out of which, borrowings worth US$ 33.3 million is foreign currency denominated). Commenting on the performance, Emmanuel Rupert, Managing Director and Group CEO, Narayana Hrudayalaya Limited, said, “Despite several holidays and festivals which affect patient footfall, the third quarter delivered steady performance supported by the growth in business across our flagship units, newer hospitals and improvement in payor mix. However, contributions from international patient footfall remain unaffected. Our Cayman unit managed to contribute to the overall performance despite the holiday season and we remain optimistic about the strong growth prospects of overseas business. We continue to strengthen our current position and grow our brand through several strategic initiatives that will drive our vision to offer integrated healthcare services to people across our core geographies.” Result PDF