Apollo Hospitals seeks to prop up falling occupancy to boost growth

Apollo Hospitals looks at increasing occupancy to improve growth this FY

Firm's Q4 profit dived 41% to Rs 48 cr; sets target of 65% occupancy by FY18-end from 47% currently



Latest news : Apollo Hospitals Enterprise (AHEL) is focusing on increasing its occupancy to improve growth, which declined in the financial year (FY) 2016-17. The hospital has set the target of achieving 65 per cent occupancy by the end of the current FY from the 47 per cent occupancy at present, said senior management of the company.
AHEL had posted a 40.7 per cent fall in profit at Rs 48.16 crore in the fourth quarter of the FY17 as compared to Rs 81.31 crore for the same period of the previous FY on a standalone basis.
"The business plan this year is to see how we can improve our occupancy and fill in at least 400 more beds. We have a lot of vacant beds because of the new hospitals. First plan is to see how we can fill up the new beds and increase the occupancy from the current 47 per cent to around 65 per cent this year," said a senior official. Through aggressive expansion programmes, the company has crossed the capacity of over 10,000 beds in the last FY.
The company is targeting the growth of over 12 per cent during the current FY as against the nine per cent growth in the last FY. Q1 and Q2 of the FY are usually good for the company and it is expecting this to be true for this FY too.

Read this: Zydus Cadila gets USFDA nod to market ulcerative colitis drug


During the year, for further traction in four specialities viz. Cardiac, Oncology, Neurosciences and Orthopaedics, it will also be focusing on Centres of Excellence (CoEs) in urban centres such as Chennai, Hyderabad. It is also looking at ways to increase the surgical volumes in specialities of urban centres.
The company expects to continue the similar pace of growth and margins in the pharmacy segment this year, which would add to the growth. To improve margins, it is also looking at increasing prices across various services this year.

Comments

Post a Comment

Popular posts from this blog

Tigor launched at Rs 4.7 lakh: Tata eyes a seat in Swift Dzire's market

Image
It comes in four variants in the price range of Rs 4.7 lakh to Rs 6.19 lakh Upping the ante in the crowded compact sedan category,  Tata Motors  on Wednesday launched Tata Tigor , its third product in the tax-efficient sub-four metre sedan segment. The biggest selling point for Tigor is its aggressive pricing. At Rs 4.7 lakh for the base petrol variant, Tigor is now the cheapest compact sedan in the country and even undercuts Tata’s existing models. For example, the largest-selling car in the segment - Swift Dzire - starts at Rs 5.27 lakh, while the base petrol version of Indigo CS, from the Tata stable, is priced at Rs 5.03 lakh. Besides Indigo CS, Tata Motors also sells the Zest in the segment, but has not been able to break the dominance of Maruti Suzuki’s Swift Dzire in the category. The compact sedan and hatchback category, accounted for over 40% of car sales in January 2017, at over 114,000 units. Maruti accounted for 56,000 cars in the category, with Swift D...
Read more

Indigo, SpiceJet Shift Operations To T-2 of DIAL

Image
Indira Gandhi International airport sees a partial shift of operations from Terminal-1 (T-1) to Terminal-2 (T-2) by Indigo and SpiceJet The decision relating to shifting a part of the airline’s operation to IGI terminal 2 in Delhi International Airport Ltd (DIAL’s) decision was challenged by Indigo airlines, which has the biggest market share in Delhi high court. However, as a temporary measure, the Delhi high court on Tuesday cleared all the decks for (DIAL) to shift a part of operations of a few airlines to the newly unveiled Terminal 2 from terminal 1 at Indira Gandhi airport. Hema Kohli and Rekha Palli dismissed the appeal by the Indigo against the shifting of its partial operations by DIAL, which is a policy decision with the sanction of Directorate General of Civil Aviation (DGCA). Partial Shifting of Operations Indira Gandhi International airport sees a partial shift of operations from Terminal-1 (T-1) to Terminal-2 (T-2) by Indigo and SpiceJet. The shift of operat...
Read more

Oppo to set up Rs 2,200-cr smartphone manufacturing unit in Greater Noida

Image
Domestic smartphone maker is looking to begin export of phones made in India in the next 2-3 years LATEST NEWS : Telephone maker Oppo Mobiles is making plans to make investments round Rs 2,200 crore in India for a cellular telephone production facility. The proposed investment can be at more Noida. The company has submitted files associated with the proposed assignment to the environment Ministry and stated that the net quantity required for the status quo of the second one unit in Uttar Pradesh includes land in addition to development prices. The assignment is anticipated to be a self-sufficient manufacturing established order, spreading across an area of 110.04 acres. In its reaction to a fixed of questions posed by means of the business fashionable, Oppo said its other meeting unit in Noida, which commenced manufacturing in July 2016, has reached full capacity and plans were being firmed up for the putting in of a surface Mount generation (SMT) manufacturing fac...
Read more