Q2 results preview: Hospitals to be driven by higher occupancy, rising revenue
Live MintBetter occupancy rates, improving average revenues per operating bed are the key reasons which keep analysts positive on better performance by hospitals during Q2. They said that “The Hospital players under our coverage may report a strong performance in Q2FY24 on a sequential basis.” Better occupancy and ARPOB is likely to drive this sequential growth of 9%, 18% and 40% in revenue, Ebitda, net profits in Q2FY24, respectively, as per them. Analysts at Motilal Oswal Financial Services Ltd also expect profitability to improve due to favorable seasonality and improved operating leverage for Hospitals.They expect Apollo Hospitals to deliver sales and net profit growth of 8% and 9% year-on-year in 2QFY24. Max Healthcare is expected to deliver a robust performance with 12%, 11%, 14% YoY growth in sales, Ebitda and net profit as per MOFSL estimates.
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