Apollo Hospitals Q1 net down to Rs.214 crore

CHENNAI: Healthcare major Apollo Hospitals Enterprise Ltd on Friday said it closed the first quarter with a lower net profit of Rs.214.1 crore.

In a regulatory filing, Apollo Enterprises said during the quarter ended June 30, 2023, it had earned an operational revenue of Rs.1,688.4 crore (Q1FY23 Rs.1,529.7 crore) and a net profit of Rs.214.1 crore (Rs.333.1 crore).

During the quarter under review, the company’s total expenses went up to Rs.1,424.7 crore -- contributed mainly by other expenses and employee benefits -- from Rs.1,290.1 crore spent during the previous year corresponding period.