MUMBAI : Apollo Hospitals Enterprise Ltd’s second-quarter numbers do not have much to cheer about, though they have matched the Street’s expectations. Much of the increase in revenue was along expected lines because of better growth in its new hospitals. While mature hospitals’ revenues rose 12% year-on-year in Q2 FY20, higher than what analysts had estimated, revenue from new hospitals were up 17%. Graphic by Satish Kumar/MintOptimal asset utilization, along with an improvement in the revenue mix, is also being seen as a key reason for better revenue trajectory. Also, its lifestyle segment turned profitable this quarter, implying better revenue growth trajectory," said Param Desai, analyst at Elara Capital (India) Pvt.

Source: Mint November 17, 2019 15:45 UTC