Jupiter Life Line Hospitals Q4FY24: Income ₹291.4 crore, PAT ₹45.3 crore

Jupiter Life Line Hospitals Limited reported 187 percent rise in net profit at ₹45.3 crore, compared to ₹15.8 crore in the corresponding period last year.

Its total income rose 20 percent to ₹291.4 crore, compared to ₹ 242.2 crore reported in the year-ago period.

The EBITDA rose 23 percent to ₹63.2 crore, compared to ₹51.5 crore compared to last year.

Likewise, in FY24, the company reported 142 percent rise in net profit at ₹176.6 crore, compared to ₹72.9 crore in FY23.

Its total income rose 20 percent to ₹1073.4 crore, compared to ₹894.9 crore reported in FY23.

The EBITDA rose 19 percent to ₹242.1 crore, compared to ₹203.7 crore compared to last year.

“We decided to take the company public to accelerate its growth. We had set out to double our capacity to 2,500 beds in Western India in the next 5 years, by adding around 1,300 beds across 3 new hospitals. I am pleased to inform you that we have now also signed a second location in Pune, where we will be building a 500-bed hospital. The new location in Pune (Ganga Dham Chowk, Bibwewadi), along with the already under-construction hospital at Dombivli, gives us visibility to about 2,200 beds,” said Dr Ankit Thakker WTD & CEO.

“In FY25, we hope to finalize one more location to help us deliver on the scale milestone that we had set out to achieve. The existing 3 hospitals are also performing as per expectations, both clinically and financially. We have delivered ~20 % total income growth driven by improved occupancies, ARPOB, and case mixes. The profitability has also improved on account of retirement of our debt obligations,” he added.
MB Bureau