Illustration: Ajay Mohanty
International Well being, which operates hospitals underneath the Medanta model, on Friday mentioned its consolidated revenue after tax elevated 4 per cent 12 months on 12 months to Rs 106 crore for the primary quarter ended June 30, 2024.
The corporate had reported a revenue after tax (PAT) of Rs 102 crore within the April-June quarter.
Income from operations rose to Rs 861 crore within the June quarter as in comparison with Rs 779 crore within the year-ago interval, International Well being mentioned in a regulatory submitting.
Medanta Chairman & Managing Director Naresh Trehan mentioned that on July 22, 2024, the corporate has acquired affirmation from the Mumbai Housing and Space Growth Authority (MHADA) concerning a profitable bid for a land parcel measuring 8,859.24 sq. meter at Mauje-Oshiwara, Jogeshwari, Mumbai.
“This pivotal step marks Medanta’s entry into the dynamic Mumbai market, the place we plan to ascertain a 500-plus-bedded super-speciality hospital,” he added.
The power will present medical providers and superior remedy choices to the residents of Mumbai and surrounding areas, he added.
The healthcare supplier goals to take a position round Rs 1,200 crore on the venture.
Shares of International Well being on Friday ended 3.79 per cent down at Rs 1,132.10 apiece on the BSE.
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First Printed: Aug 09 2024 | 4:42 PM IST