Narayana Hrudayalaya Reports 18% Increase in Q4 Profit, Declares ₹4 Dividend

Narayana Hrudayalaya, a leading healthcare services provider, has announced its fourth-quarter financial results, showcasing robust growth and a commitment to shareholder value. The company reported a significant 17.7% year-on-year increase in net profit, reaching ₹195 crore for the quarter ending March 31, 2024. This notable growth demonstrates Narayana Hrudayalaya’s resilience and strategic initiatives in navigating challenging market conditions.

In comparison to the corresponding period of the previous fiscal year, Narayana Hrudayalaya’s revenue from operations recorded a solid 4.7% uptick, reaching ₹1,279.4 crore. This growth underscores the company’s continued focus on delivering high-quality healthcare services while maintaining operational efficiency.

At the operating level, Narayana Hrudayalaya achieved a commendable 7% increase in EBITDA (earnings before interest, tax, depreciation, and amortization), reaching ₹294.5 crore in the fourth quarter. The EBITDA margin also witnessed improvement, standing at 23% compared to 22.6% in the corresponding period of the previous fiscal year. These results reflect the company’s effective cost management strategies and operational excellence across its healthcare facilities.

In line with its commitment to creating value for shareholders, Narayana Hrudayalaya declared a dividend of ₹4 per share. This dividend declaration underscores the company’s confidence in its financial position and long-term growth prospects, providing shareholders with tangible returns on their investment.

Narayana Hrudayalaya’s strong performance in the fourth quarter underscores its position as a leading player in the healthcare industry. With a focus on innovation, patient care, and financial prudence, the company remains poised for sustained growth and value creation in the healthcare sector.

Investors and stakeholders can look forward to continued momentum and strategic initiatives from Narayana Hrudayalaya as it continues to deliver superior healthcare services and drive shareholder value.

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