Max Healthcare has reported a significant increase in its net profit for the second quarter of the fiscal year 2023-24, marking a growth of 26% to Rs 338 crore. The company also witnessed positive trends in various financial and operational aspects.
Revenue Growth
Max Healthcare’s gross revenue reached Rs 1,827 crore during the quarter, showcasing a robust growth of 17% compared to the same quarter in the previous year. This growth indicates a positive trajectory for the company’s financial performance.
Average Revenue per Occupied Bed (ARPOB)
All hospitals under Max Healthcare observed an improvement in their Average Revenue per Occupied Bed (ARPOB) during the period. The overall average growth in ARPOB stood at an impressive 13% year-on-year, reflecting the effective management of resources and services.
Cash Flow and Investments
The cash flow from operations during the quarter amounted to Rs 436 crore. Notably, a significant portion of this cash flow, Rs 90 crore, was allocated to ongoing capacity expansion projects, indicating the company’s strategic focus on enhancing its infrastructure and services.
International Patient Revenue
Max Healthcare also experienced positive growth in international patient revenue, which increased by 25% compared to the same period of the previous year and by 11% compared to the preceding quarter. The share of international patient revenues contributed 9% to the hospital revenue during the quarter, showcasing a diversified revenue stream.
Ben Müller
