Name: Latest research reports of Krishna Institute of Medical Sciences Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Krishna Institute of Medical Sciences Ltd.
Rating: 4
Author: ICICI Securities Limited

Impressive quarter, expansion projects on track

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ICICI Securities Limited

Krishna Institute of Medical Sciences’ (KIMS) Q2FY24 was a tad better than our expectations. EBITDA margin at 27.2% was better than expected as commercialisation of new hospital under Sunshine was postponed to Nov’23 (Aug’23 earlier). Rise of 10.6% QoQ in-patient footfall fuelled 600bps surge in occupancy to 76.4%, while ARPOB was down 2% QoQ due to change in case mix.