Narayan Hrudayalaya at new high

about 27 days ago
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On the 5th of Nov, Narayan Hrudayalaya hit a new high at Rs.288 and then again on the 6th at Rs.290.30. Today also, post announcement of its Q2FY20 earnings, the stock hit another new high at Rs.305.40 with volumes jumping up 10.5 times.

The company posted is earnings late Friday evening, with a whopping 234% (YoY) jump up in consolidate net profit at Rs.45 crore on a 16% rise in total revenue at Rs.822 crore.

Consolidated EBITDA stood at Rs.128 crore, reflecting a margin of 15.6% as against Rs. 8 crore in Q2 FY19, translating into a YoY growth of 68%.

As on September 30th, 2019, the consolidated net debt was Rs.678 crore representing a net debt to equity ratio of 0.61. (Out of which, debt worth US$ 51.2 mn is foreign currency denominated).

On Friday, the company also announced shutting down of its hospital at Whitefield in Bengaluru as the unit was not able to scale up due to various reasons including the failure of the lessor to provide additional infrastructure that is compliant with all regulatory norms.

Narayana Hrudayalaya operates 21 of its own hospitals as well as manages two more hospitals. It also has seven heart centres, 19 primary health facilities as well as one hospital in the Cayman Islands.

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