Max Healthcare Institute, a leading healthcare provider, announced an impressive 86% surge in its Profit After Tax (PAT) for the fourth quarter of 2022-23. The company’s PAT soared to an impressive Rs 320 crore, showcasing a remarkable improvement in operating metrics across its hospitals, coupled with a reduction in finance costs. Comparatively, the PAT reported for the same period in 2021-22 stood at Rs 172 crore.
In line with its strong financial performance, Max Healthcare witnessed a substantial increase in net revenue, which rose to Rs 1,551 crore during the fourth quarter from Rs 1,224 crore in the corresponding period the previous year.
For the fiscal year that ended on March 31, 2023, Max Healthcare achieved a PAT of Rs 1,328 crore, demonstrating a substantial growth of 76% compared to Rs 752 crore recorded in 2021-22. The company’s net revenue also witnessed a healthy rise to Rs 5,902 crore in FY23, a notable increase from Rs 4,981 crore in the previous fiscal year.
Commenting on the remarkable performance, Max Healthcare Institute’s Chairman and Managing Director, Abhay Soi, stated that the company is actively evaluating inorganic growth opportunities while maintaining prudence in its approach.
Moreover, in recognition of the exceptional results, the company’s board has approved a final dividend of Re 1 per equity share for the fiscal year that ended on March 31, 2023.
Despite the impressive financial achievements, shares of Max Healthcare Institute closed 2.49% lower at Rs 506.90 apiece on the Bombay Stock Exchange (BSE).
Past Data:
Quarterly Profit After Tax (PAT):
- March 2022-23: Rs 320 crore
- January-March 2021-22: Rs 172 crore
Net Revenue (Quarterly):
- March 2022-23: Rs 1,551 crore
- Year-Ago Period: Rs 1,224 crore
Annual Profit After Tax (PAT):
- FY23: Rs 1,328 crore
- FY22: Rs 752 crore
Annual Net Revenue:
- FY23: Rs 5,902 crore
- FY22: Rs 4,981 crore
Here’s a table summarizing the financial data mentioned:
| Q4 2022-23 | Q4 2021-22 | FY23 | FY22 | |
|---|---|---|---|---|
| Profit After Tax (PAT) | Rs 320 crore | Rs 172 crore | Rs 1,328 crore | Rs 752 crore |
| Net Revenue | Rs 1,551 crore | Rs 1,224 crore | Rs 5,902 crore | Rs 4,981 crore |
(Note: The above data reflects the financial performance of Max Healthcare Institute for the respective periods mentioned.)