Strong Q1: Yatharth surges 8% on higher ARPO, improved investment strategy

Yatharth Hospital grew about 8% on August 18, a day after reporting bumper profits for the first quarter of fiscal 2024.
The newly listed Delhi-NCR-based Yatharth Hospital and Trauma Center released results for the quarter ended June 2023 on Aug. 18. Sequential growth of 10% from Q4FY23. Operating revenue for the quarter ended June 2023 was Rs 154.5 crore, up 39% from Rs 111.1 crore in the same prior fiscal quarter.
Earnings before interest, taxes, depreciation and amortization (EBIDTA) for the quarter increased 61% year-on-year to Rs 41.4 crore and 10% to Rs 17.3 crore on a sequential basis. EBITDA margins for the quarter rose 368 basis points to 26.8%. In the quarter ended June 2023, bed occupancy increased to 51% from 49% in Q4FY23 and 40% in Q1FY23. Average Revenue Per Bed (ARPO) also increased to Rs 281.40 crore from Rs 277.06 in Q4FY23.5
The earnings call is scheduled for August 21.
In a post-earnings report, Yatharth Tyagi, full-time director of Yatharth Hospital and Trauma Care Center, said, “During the quarter, Yatharth Hospital recorded one of its fastest annual growth rates. in the hospital sector. Our ongoing investments reflect a strategic approach to driving future balanced growth, exemplified by our ongoing expansion initiatives, both organic and inorganic.

On August 7, Yatharth Hospital went live on NSE and ESB with an issue price of Rs 300. The Rs 687 crore public issue was registered 36.16 times between July 26 and 28. Yatharth Hospital & Trauma Care Services Limited is among the top 10 private hospitals in Delhi National Capital Region by number of beds in fiscal year 2023 with operations in Noida, Greater Noida and Noida Extension, Uttar Pradesh.