By: IPP Bureau
Last updated : August 23, 2024 8:45 pm
Higher revenues backed by huge demand and expanding network contributed to the growth in bottom line
Deepak Parekh-backed multi-specialty healthcare provider, Nephro Care India Limited (NCIL) has registered 86.07% surge in standalone net profit at Rs 4.41 crore for the year ended March 31, 2024, as against Rs 2.37 crore in FY 22-23.
Revenue from operations on a standalone basis increased by 59.33 % at Rs 27.23 crore during the financial year 2023-24, up from Rs 17.09 crore last year.
The company’s operating profit (EBITDA) surged nearly 99.41 per cent to Rs 6.84 crore during FY24 (April – March 2024) as against Rs 3.43 crore registered during FY23. It reported an EBITDA margin of 25.10% in FY24, an improvement of 505 basis points from 20.05% over the previous year.
Commenting on the surge in number of patients suffering from chronic kidney disease, Dr Pratim Sengupta, Founder & MD, Nephro Care India, said, “It is to be noted that nearly 15 per cent of the country’s population suffers from high blood sugar levels and nearly 22 per cent from hypertension or high blood pressure and both these conditions pose a significant risk for developing renal diseases. However, the country lacks adequate infrastructure thereby limiting access to specialized renal care contributing to the high burden of end-stage kidney disease. Our renal care clinics, which provide holistic care to patients, have helped bridge the existing demand supply gap to some extent but there is still a long way to go. It is our mission to expand our reach so as to be able to make quality kidney care accessible to people in the remote corners of the country.”
Government estimates suggest, nearly 2, 20,000 patients develop ESRD (end stage renal disease) in India, leading to an additional annual dialysis demand of 34 million treatment sessions. However, India presently has nearly 5,000 existing dialysis centres (including 1353 centres under PMNDP). This capacity will not be sufficient to meet the upcoming demand as the disease has been gaining traction due to various sociological, lifestyle and environmental factors, Dr Sengupta said, highlighting the need for setting up more such comprehensive renal care centres across the country.
NCIL, which currently has five renal care clinics in West Bengal, plans to set up 22 more such clinics across the country on a hub and spoke model by March 2026. The company has a vision of reaching out and impacting lives of close to one million patients suffering from chronic kidney disease by setting up 300 such centres across the country in the next 10-15 years.