Apollo Hospitals revenues crosses 1 billion dollar in FY17, Q4 profits down 40 percent

New Delhi: The consolidated revenues of Apollo Hospitals reportedly crossed the $1 billion mark in 2016-17 jumping 17% year-on-year (y-o-y) to Rs. 7255 crore. Profit after tax (PAT) however declined 7.2% y-o-y to Rs. 216 crore during the year.

Healthcare major Apollo Hospitals Enterprise also reported a 40.76 per cent decline in standalone net profit at Rs 48.16 crore for the fourth quarter ended March, on account of increased expenditure.

The company had posted a net profit of Rs 81.31 crore in the January-March quarter of the previous fiscal, Apollo Hospitals said in a BSE filing.

However, the company's total standalone income rose 14.64 per cent to Rs 1,670.77 crore as against Rs 1,457.34 crore in the year-ago period.

For the entire fiscal, Apollo Hospitals Enterprise reported a net profit at Rs 285.15 crore as compared to Rs 333.95 crore in the 2015-16 fiscal, down 14.61 per cent.

Total income from operations for the fiscal stood at Rs 6,467.66 crore as against Rs 5,621.04 crore in the year-ago period.

The company announced re-appointment of Prathap C Reddy as the executive chairman for five years subject to approval of member at the AGM. It also appointed T Rajgopal as the additional director.

Apollo Hospitals board has recommended a dividend of Rs 6 per share for FY17.