Earnings Review
Apollo Hospitals Q2 net profit grows at 8-quarter low but beats estimates
This story was originally published at 19:02 IST on 6 November 2025
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--Apollo Hosp Jul-Sept consol net profit INR 4.77 bln
--Analysts saw Apollo Hosp Jul-Sept consol net profit INR 4.50 bln
--Apollo Hosp Jul-Sept consol revenue INR 63.04 bln
--Analysts saw Apollo Hosp Jul-Sept consol revenue INR 62.29 bln
--Apollo Hosp Jul-Sept consol PAT INR 4.77 bln vs INR 3.79 bln year ago
--Apollo Hosp Jul-Sept consol revenue INR 63.04 bln vs INR 55.89 bln year ago
--Apollo Hosp Apr-Sept consol PAT INR 9.10 bln vs INR 6.84 bln year ago
--Apollo Hosp Apr-Sept consol revenue INR 121.46 bln vs INR 106.75 bln yr ago
--Apollo Hosp Q2 consol health svcs sales INR 32.17 bln vs INR 29.20 bln
--Apollo Hosp Q2 consol health, lifestyle sales INR 4.74 bln vs INR 4.04 bln
--Apollo Hosp Q2 digital health, pharma ops sale INR 26.6 bln vs INR 22.8 bln
--Apollo Hosp Jul-Sept consol EBITDA INR 9.41 bln, up 15% on year
--Apollo Hosp Jul-Sept health svcs revenue INR 31.69 bln vs INR 29.03 bln
--Apollo Hosp Jul-Sept health svcs EBITDA INR 7.81 bln vs INR 7.22 bln
--Apollo Hosp arm HealthCo Jul-Sept revenue INR 26.61 bln vs INR 22.82 bln
--Apollo Hosp arm HealthCo Q2 EBITDA INR 1.10 bln vs INR 520 mln yr ago
--Apollo Hosp arm health, lifestyle Q2 revenue INR 4.74 bln vs INR 4.04 bln
--Apollo Hosp arm health, lifestyle Q2 EBITDA INR 500 mln vs INR 410 mln
--Apollo Hosp Jul-Sept hospitals ops occupancy rate 69% vs 73% yr ago
--Apollo Hosp operating beds at 8,050 as on Sept 30
--Apollo Hosp arm HealthCo net added 186 stores in Q2, total stores 6,928
By Anand JC
MUMBAI – The bottom line of Apollo Hospitals Enterprise Ltd. grew at an eight-quarter low in the September quarter but managed to beat estimates. The integrated healthcare system operator's top line for the reporting quarter, too, beat estimates but grew at a 13-quarter low.
The company reported a consolidated net profit of INR 4.77 billion for the reporting quarter, up 26% on year. Analysts had projected the company to report a bottom line of INR 4.50 billion. Its consolidated top line grew 13% on year to INR 63.04 billion, higher than the consensus estimate of INR 62.29 billion revenue.
"I am happy to announce another strong quarter for Apollo Hospitals, with double-digit revenue and profit growth across all three of our core divisions, Healthcare Services, Retail Healthcare & Diagnostics, and Digital & Pharma Distribution, underlining the strength of our diversified healthcare model with integrated delivery," Apollo Hospitals' chairman Prathap Reddy said in a statement. "Our hospitals have continued to attract the most complex cases from across India and beyond, achieving an 69% occupancy and a 9% increase in revenue," Reddy said.
SEGMENTAL VIEW
Apollo Hospitals' healthcare services revenue grew 10% on year to INR 32.17 billion while the segment's profit grew 13% on year to INR 4.10 billion. The segment's earnings before interest, tax, depreciation, and amortisation grew 8% on year to INR 7.81 billion. The hospital managed 8,050 operating beds as of Sept. 30. The overall occupancy for hospitals fell to 69% from 73% in the same period a year ago.
"Q2FY25 had a higher incidence of seasonal medical admissions, leading to a high base, whereas medical admissions were low in Q2FY26. This low growth in medical admissions was partly offset by 14% increase in Revenue from CONGO Specialties," the company said in a presentation.
Revenues of Apollo Health & Lifestyle Ltd. grew 17% on year to INR 4.74 billion but the segment reported a loss of INR 60 million. This segment's EBITDA grew 21% on year to INR 500 million.
Net sales of Apollo HealthCo, the company's digital healthcare and omnichannel pharmacy platform, grew 17% on year to INR 26.61 billion and the segment's profit stood at INR 730 million. The segment added 186 net new stores in the September quarter, taking the overall tally to 6,928 stores.
Apollo Hospitals' total expenses for the quarter grew 12% on year to INR 56.90 billion. Expenses related to the purchase of stock-in-trade grew nearly 17% on year to INR 24.65 billion while other expenses swelled 11% on year to INR 13.52 billion.
In the first six months of this financial year, Apollo Hospitals' consolidated bottom line grew 33% on year to INR 9.10 billion. Its revenue for this period grew 14% on year to INR 121.46 billion. Consolidated EBITDA for Apr-Sept grew 20% on year to INR 17.93 billion.
The company reported its financials after the markets closed. Thursday, its shares closed 0.4% lower on the National Stock Exchange at INR 7,782. End
Edited by Akul Nishant Akhoury
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