Narayana Hrudayalaya surges on fantabulous Q2FY17 numbers

Narayana Hrudayalaya (NHL) declared its Q2FY17 results. The company’s revenue increased 19.5 per cent to Rs 487 crore as compared to same period in the previous financial year. Its EBITDA too rose 31.1 per cent to Rs 68.1 crore in Q2FY17 on a yearly basis. NHL’s EBITDA margin expanded by 130 basis points to 14 per cent in Q2FY17 as compared to same period in the previous fiscal. The company’s net profit boosted more than two-fold to Rs 26.5 crore in Q2FY17 on a yearly basis.

NHL has successfully achieved the milestone of conducting 130 cardiac surgeries on children from 13 neighbouring islands till date.

As per the management, NHL has achieved steady growth in revenues across all maturity buckets coupled with significant uptick in the profitability, while its execution strategy at the current set of hospitals is playing out well.

On the half-yearly front, NHL’s topline rose 19.4 per cent to Rs 939 crore in H1FY17. as compared to corresponding period of the previous fiscal year. The company’s EBITDA increased 38.4 per cent to Rs 124 crore in H1FY17 on a yearly basis. Its EBITDA margin expanded 180 basis points to 13.2 per cent in Q2FY17 as compared to same period in the previous financial year. NHL’s bottomline soared four-fold to Rs 43.7 crore in H1FY17 on a yearly basis.

The share price of NHL surged 8.89 per cent on the bourses in early trades and is trading at Rs 358.4 on intraday basis.