This stock was listed on August 7, 2023, at Rs. 304 and it delivered 13% returns on the same day. Following the disclosure of its most recent results, the company’s shares increased 9% on Friday. The strong and rising volume that has crossed the averages from the previous day and the preceding week is supporting the stock price.
Yatharth Hospital and Trauma Care Service Ltd
Yatharth Ltd is a small cap with a market capitalisation of Rs. 2,919 Cr. On Friday shares of this company closed 9% up at Rs. 341.
According to the company filings, the total consolidated revenue grew by 39% YoY from Rs. 111.6 Cr in Q1 FY23 to Rs. 155.2 Cr in Q1 FY24. For the same period, net profits rose by 74% YoY from Rs. 10.9 Cr to Rs. 19 Cr.
ARPOB (Average Revenue Per Occupied Bed) rose to Rs. 28,140 in the first quarter of FY24 from Rs. 26,457 in the first quarter of FY23. The occupied bed improved by 51% in Q1 FY24 compared to 40% in Q1 FY24. As of March 2023, bed capacity has increased to 1,405 beds.
As per the latest shareholding information data, promotors hold 66.3% and the Public holds a 33.67% stake in this company.
Three super-speciality hospitals are operated by Yatharth Hospital & Trauma Care Services Limited (Yatharth Hospitals) in the Uttar Pradesh cities of Noida, Greater Noida, and Noida Extension and it is located in the National Capital Region of Delhi. In terms of beds in Fiscal 2023, its Noida Extension Hospital and Greater Noida are the 8th and 10th largest private hospitals in the Delhi NCR, respectively.
Written by Sheshadri N
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