KIMS Q3 net up 76 per cent at Rs 84.2 crore

Hyderabad: Hyderabad-based Krishna Institute of Medical Sciences Limited (KIMS Hospitals) reported a jump of 76 per cent in net profit for the third quarter ended December 31, 2021, at Rs 84.2 crore compared to Rs 47.8 crore during the corresponding period of the previous fiscal.

The Q3 FY22 saw the business coming back on track to pre-Covid levels. The total income stood at Rs 396 crore during the quarter under review as against Rs 360.8 crore during the corresponding period of the previous year, reflecting a growth of 10 per cent.

EBITDA for Q3 FY22 was at Rs 132.2 crore compared to Rs 93.1 core during the same quarter of the previous fiscal, showing a growth of 42 per cent.

Commenting on the performance, Dr B Bhaskara Rao, MD said, “Q3 has been a busy quarter for the hospital sector. With Covid wave ebbing, the footfalls at OPD as well as high-end elective surgery work have now come back to near pre Covid levels. We are optimistic that the business momentum seen across all our units will be on course for the set growth trajectory.”

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