Aster DM Healthcare announced Q2FY24 results: Q2FY24: - The company's operational revenue grew by 18% YoY to Rs 3,317 crore compared to Rs 2,816 crore in Q2FY23. - EBITDA increased by 21% YoY to Rs 393 crore from Rs 324 crore in Q2FY23. - PAT grew by 46% to Rs 67 crore. - India: - Indian revenues up 23% YoY to Rs 934 crore. - EBITDA for India grew 19% YoY to Rs 157 crore. - GCC (Gulf Cooperation Council): - GCC revenues up by 16% YoY to Rs 2,383 crore. - EBITDA for GCC grew by 23% YoY to Rs 236 crore. H1FY24: - Operational revenue for the half-year increased by 19% YoY to Rs 6,532 crore against Rs 5,478 crore in H1FY23. - EBITDA grew by 28% YoY to Rs 791 crore compared to Rs 620 crore in H1FY23. - PAT saw a 77% YoY increase to Rs 162 crore from Rs 91 crore in H1FY23. Commenting on the performance for Q2FY24, Dr. Azad Moopen, Founder Chairman and Managing Director, Aster DM Healthcare, said: "In Q2 FY24, our consolidated revenue witnessed an impressive 18% YoY growth, reaching Rs 3,317 crore, attributed to the successful ramp-up of new hospitals initiated in the last two financial years. Our consolidated EBITDA showed resilient growth, reaching Rs 393 crore, reflecting a 21% YoY increase. This growth was further amplified by various cost-saving initiatives, emphasizing our commitment to operational efficiency. Both the businesses delivered a healthy growth in revenues and EBITDA. India revenues up 23% YoY to Rs 934 crore and EBITDA grew 19% YoY to Rs 157 crore during the quarter. GCC revenues were up 16% YoY to Rs 2,383 crore and EBITDA grew 23% YoY to Rs 236 crore for the quarter. We are delighted to announce the successful completion and operational launch of Aster Whitefield Hospital’s phase 2 expansion, increasing the total capacity to 347 by adding 286 beds. The inauguration of the hospital in its enhanced form marks a significant milestone, with Block D currently in expansion mode, aiming to achieve a 506-bedded hospital. Regarding the restructuring process, negotiations with the shortlisted bidder are at an advanced stage. The company is working to bring this process to a conclusion soon. We continue to believe strongly in the underlying premise of the transaction, which is that separating the two businesses will maximize value for shareholders." Result PDF