A 42 per cent drop in the healthcare segment (hospitals) revenues indicates the severe impact of lockdown on Apollo Hospitals June quarter (Q1) performance. However, its diversified business model helped as a strong 21 per cent growth in the pharmacy business restricted the fall in income from operations to just 12 per cent year-on-year (YoY).
Healthcare, which saw impact on its OPD services, deferment of elective surgeries, and negligible medical tourism, posted a loss at operating level, while pharmacy segment's profit surged 40 per cent year-on-year. Firm interest expenses meant ...
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