Vijaya Diagnostic Centre Ltd. News and Updates

Name: Latest research reports of Vijaya Diagnostic Centre Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Vijaya Diagnostic Centre Ltd.
Rating: 1
Author: ICICI Securities Limited

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Vijaya Diagnostic Centre Ltd.

08 Nov 2023

1148.65

5.79%

Striving for profitable growth; pricey valuation

Sell: Vijaya Diagnostic Centre Ltd.

Recommendation

ICICI Securities Limited

Vijaya Diagnostic Centre’s (Vijaya) Q2FY24 result was a beat vs our estimates driven by 18.3% YoY growth in non-covid business. Test volume growth remained healthy at 18.7% YoY. In Q2, it commercialised a new hub in Kolkata; the company is witnessing good traction and expects the hub to breakeven in next three quarters.

Vijaya Diagnostic Centre Ltd. has gained 27.56% in the last 1 Month

Vijaya Diagnostic Centre Ltd.

11 Aug 2023

1148.65

5.79%

Growth trajectory unhurt

Accumulate: Vijaya Diagnostic Centre Ltd.

Recommendation Target

ICICI Securities Limited

Vijaya’s Q1FY24 performance beat our estimates driven by 19.2% YoY growth in non covid business. Test volume growth remained healthy at 17.5% YoY, aided by improvement in footfalls in the company’s mature and newer centres. Centres at Panjagutta and Rajamundhry have started gaining traction while Tirupati hub is expected to scale up in the coming quarters.

Vijaya Diagnostic Ce.. has an average target of 815.00 from 1 broker.

Vijaya Diagnostic Centre Ltd.

10 Aug 2023

1148.65

5.79%

Vijaya Diagnostic Centre Results Earnings Call for Q1FY24

Conference Call with Vijaya Diagnostic Centre Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.

audio

Vijaya Diagnostic Centre Ltd.

31 May 2023

1148.65

5.79%

Non-covid patient footfall sturdy

Buy: Vijaya Diagnostic Centre Ltd.

Target

ICICI Securities Limited

Vijaya Diagnostic Centre’s (Vijaya) Q4FY23 performance was driven by a steady 22.4% YoY growth in non-covid business, while covid business’ contribution fell to 1% (15% in Q4FY22). Overheads of new centres impacted EBITDA margin to a small extent though, at 40.6% in Q4, it continues to be better than that of most of listed peers.

Vijaya Diagnostic Centre Ltd. has gained 27.16% in the last 6 Months

Vijaya Diagnostic Centre Ltd.

30 May 2023

1148.65

5.79%

Vijaya Diagnostic Centre Results Earnings Call for Q4FY23

Conference Call with Vijaya Diagnostic Centre Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.

audio

Vijaya Diagnostic Centre Ltd.

30 May 2023

1148.65

5.79%

to see Rapid results content

Vijaya Diagnostic Centre Ltd.

16 Feb 2023

1148.65

5.79%

Steady performance, healthy outlook

Buy: Vijaya Diagnostic Centre Ltd.

Target

ICICI Securities Limited

Vijaya Diagnostic Centre’s (Vijaya) Q3FY23 performance was broadly in line with our estimates. Revenues grew 2.1% YoY (-6.3% QoQ) to Rs1.1bn (I-Sec: Rs1.1bn). Covid revenues were negligible during the quarter. EBITDA margin declined 120bps QoQ to 39.1% (I-Sec: 38%) due to negative operating leverage.

Vijaya Diagnostic Ce.. has an average target of 815.00 from 1 broker.

Vijaya Diagnostic Centre Ltd.

14 Feb 2023

1148.65

5.79%

Vijaya Diagnostic Centre Results Earnings Call for Q3FY23

Conference Call with Vijaya Diagnostic Centre Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.

audio

Vijaya Diagnostic Centre Ltd.

13 Feb 2023

1148.65

5.79%

to see Rapid results content

Vijaya Diagnostic Centre Ltd.

14 Nov 2022

1148.65

5.79%

Growth momentum to continue

Buy: Vijaya Diagnostic Centre Ltd.

Target

ICICI Securities Limited

Vijaya Diagnostic Centre’s (Vijaya) Q2FY23 performance was broadly in line with our estimates. Revenue grew 7.1% YoY and 15.7% QoQ to Rs1.2bn (I-Sec: Rs1.2bn).

Vijaya Diagnostic Centre Ltd. is trading above all available SMAs

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VOTE: Is Vijaya Diagnostic Centre Ltd. worth buying?

36 Votes:

Buy 77.78%

Sell 13.89%

Hold 8.33%

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