Stock market today: Share prices of Yatharth Hospital and Trauma Care Services Limited are on an upward trend after the announcement of Q3 2024 financial results. MultiCare Hospital announced its financial results for the third quarter of fiscal year 2024 last Saturday. Yasas Hospital announced a 39% year-on-year increase in PAT (profit after tax) in its financial results for the third quarter of 2024, while the company's operating revenue soared 21% during this period.
With such strong numbers, stock market investors reacted strongly when the market opened on Monday. Yasaas Hospital stock price started higher on Monday and hit a lifetime high during Monday's trading. But the bull market didn't end on Monday.
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Yatarus Hospital stock expanded its rise after the earnings report and continued to hit new highs. INR471.40 per piece on NSE in Tuesday session. In other words, multiple chain hospital stocks have hit new highs for two consecutive days.
In its third quarter 2024 financial results, the multicare hospital chain reported revenue from operations at the following facilities: INR166.8 million, an increase of 21% YoY for Q3 FY23 operating revenue. INR137.5 million. On a quarter-over-quarter basis, the company reported a modest 3% increase in operating revenue.
For the first nine months of the current fiscal year, the hospital chain reported total revenue from operations as follows: INR492.6 million, recording 31% year-on-year increase in total operating revenue INRThe same period last year was 376.5 million yen.
Yatharth Hospital's third quarter EBITDA was INR46.4 billion, which was a 29% year-on-year increase over EBITDA in Q3 2023. INR36.1 billion. On a quarter-over-quarter basis, the company's EBITDA increased by 2%.
In the first nine months of fiscal year 2023-24, the company reported EBITDA. INR133.4 million dollars, INR95.3 billion yen in the first nine months of the previous fiscal year. Therefore, his EBITDA of the company in the first nine months of the current financial year increased by 40% year-on-year.
The company's PAT for Q3 FY2024 was INR29.5 million, registering a 39% YoY increase against PAT in Q3 FY23. INR21.3 billion. Quarter-over-quarter, the company's EBITDA increased by 7%.
In the first nine months of the current financial year, the company's PAT was INR76.1 million, up 57% YoY against PAT. INRThe same period last year was 484 billion yen.
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