Apollo Hospitals rating – Add: Hospital business saw stellar performance
Firm best placed to gain from evolving healthcare; ‘Add’ retained with TP of Rs 5,275 APHS continued its stellar recovery in hospitals in Q3FY22, even as pharmacy distribution margins fell short of expectations. Hospital margins (post Ind-AS) have improved from <20% pre Covid to 24.6% in Q3FY22. APHS announced a 2,000-bed expansion across Bengaluru, Mumbai …