Apollo Hospitals Enterprise (APOLLOHOSP) is the leading private sector healthcare provider in Asia and owns and manages a network of specialty hospitals and clinics, a chain of pharmacy retail outlets across the country, and provides consultancy services for commissioning and managing the specialty hospitals. It was incorporated as a public limited company in the year 1979. Promoted by Dr. Prathap C. Reddy (executive chairman), it belongs to the Apollo Hospitals group that pioneered the concept of corporate healthcare delivery in India. Preetha Reddy is the managing director of the company. Apollo Hospitals Enterprise has over 26 hospitals of which 14 are client hospitals managed by professionals deputed from Apollo. The management consultancy services division offers project and operations management consultancy services to clients varying from conceptualization to commissioning of a wide range of healthcare models.
The company`s retail pharmacy business with a network of over 310 outlets offers a range of medicines, surgical and hospital consumables, health products and general over-the-counter products. Subsidiaries include Unique Home Health Care, AB Medical Centers and Apollo Hospitals International. Lanka Hospitals is an associated company with a 350-bed capacity in Sri Lanka. In 2006, the company acquired Samudra Healthcare Enterprise and 51% of Imperial Cancer Hospital and Research Center. It entered into a JV with British American Investment (Mauritius) for setting up a multi-specialty hospital in Mauritius and launched India`s first exclusive healthcare center for women in Chennai. It is to get into medical tourism with Taj Hotels Resorts and Palaces and will set up telemedicine centers in about 300 villages in Kutch. The registered office is at No.19, Bishop Gardens. Raja Annamalaipuram, Chennai-600028, Tamil Nadu.
Financials
The company reported rise of 61.27% in standalone net profit on y-o-y basis to Rs 470.90 million, while total income increased 28.42% y-o-y basis to Rs 6.27 billion for the quarter ended March 2011.
Results Update
Apollo Hospitals Enterprise has posted a net profit of Rs. 557.60 million for the quarter ended September 30, 2011 as compared to Rs. 495.50 million for the quarter ended September 30, 2010. Total Income has increased from Rs. 5932.40 million for the quarter ended September 30, 2010 to Rs. 7067.00 million for the quarter ended September 30, 2011.
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