Stock market today: Shares of Yatharth Hospital and Trauma Care Services Limited were on a rise following the announcement of Q3 results 2024. The multi-care hospital declared its Q3FY24 results on Saturday last week. In its Q3 2024 results, Yatharth Hospital declared a 39 percent increase in PAT (Profit After Tax) while the company’s operating income increased by 21 percent in this time.
After such robust numbers, stock market investors responded strongly when the market opened on Monday. Shares of Yatharth Hospital opened on Monday and continued to touch a new lifetime high during Monday’s deals. However, the bull run didn’t just end on Monday.
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Yatharth Hospital shares extended the post-result rallies and went on to touch a new high ₹471.40 per at NSE in Tuesday session. So, the multi-chain hospital stock is touching new highs for two days in a row.
In Q3 results 2024, the multi-care hospital chain reported revenues from operations at ₹166.80 crore, registering a 21 percent increase yoy against the Q3FY23 revenue from operation of ₹137.50 crores. On a sequential basis, the company reported a marginal increase of 3 percent in operating income.
In the first nine months of the current financial year, the hospital chain reported total revenue from operations at ₹492.60 crore, registering 31 percent YoY against the total operating income of ₹376.50 crore in the corresponding period of the previous fiscal.
Yatharth Hospital’s Q3 EBITDA came in at ₹46.4 crore, which is 29 percent higher YoY than Q3FY23 EBITDA of ₹36.1 crores. On a QoQ basis, the company’s EBITDA grew by 2 percent.
In the first nine months of the financial year 2023-24, the company reported EBITDA of ₹133.4 crore, which stood at ₹95.3 crore in the first nine months of the previous financial year. So, the company’s EBITDA in the first nine months of the current fiscal grew by 40 percent YoY.
The company’s PAT in Q3FY24 stood at ₹29.5 crore, registering an increase yoy of 39 percent vs. Q3FY23 PAT of ₹21.3 crores. On a QoQ basis, the company’s EBITDA grew 7 percent.
In the first nine months of the current fiscal, the company’s PAT stood at ₹76.1 crore, growing 57 percent YoY against the PAT of ₹48.4 crore in the corresponding period in the previous fiscal.
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Published: 13 Feb 2024, 14:27 IST