Aster DM Healthcare posts Q1 FY25 PAT at Rs. 74 Cr
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Aster DM Healthcare posts Q1 FY25 PAT at Rs. 74 Cr

Q1 FY25 revenues up 20% YoY to Rs. 1,002 crore

  • By IPP Bureau | August 02, 2024

Aster DM Healthcare, one of the leading integrated healthcare service providers in India, today announced its financial results for the quarter ended June 30, 2024.

During the quarter, Aster DM Healthcare’s revenue grew 20 per cent YoY to Rs. 1,002 crore as compared to Rs. 838 crore in Q1 FY24. Operating EBITDA grew 39 per cent YoY to Rs. 177 crore in Q1 FY25 as compared to Rs. 128 crore in Q1 FY24.

Net Profit (post NCI) grew by 80 per cent to Rs. 74 crore in Q1 FY25 as compared to Rs. 41 crore in Q1 FY24.

Commenting on the performance for Q1 FY25, Dr. Azad Moopen, Founder and Chairman, Aster DM Healthcare, said: “I am pleased to announce that this quarter represents a pivotal moment for Aster DM Healthcare. With the successful segregation of our GCC business, we are now a pure-play India entity, as we embark on a new journey FY25 onwards. In Q1 FY25, our India business achieved 20% YoY growth delivering the highest ever revenue performance of INR 1,002 crores, aided by an increase in bed capacity and growth in ARPOB. The Operating EBITDA grew by 39% YoY to INR 177 crores and net profits (post NCI) grew by 80% YoY to INR 74 crores in Q1 FY25”

Dr. Moopen further added, “Aster DM Healthcare continues to get prestigious recognitions at the national level. Recently, The Economic Times awarded us as the “Best Healthcare Brand of the Year-2024”. Also, Aster CMI Hospital became the first hospital in South India to receive NABH Digital Platinum Accreditation. As we progress, we are on track to reach 6,500+ beds by FY27, further strengthening our position as a leader in the healthcare sector.”

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