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Arya Nanda made post

How do you see the stock of Max Healthcare after the latest quarter results for the Mar-20 quarter?

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Deepa Salunkhe answered.
4 weeks ago

Max Healthcare posted a 75% jump in profits in the Mar-20 quarter at Rs.32 crore despite the lockdown that started in the last week of March. The company reported EBITDA margin of 19% for the March quarter. Max Healthcare also posted a 6% growth in gross revenues at Rs.807 crore.

Due to the Covid-19 lockdown Max Healthcare saw a spurt in occupancy rates hospitals declining to 35% around end of March remained subdued during April-May. Things did turn around in June as occupancy improved to around 58%. The company has been focusing on conserving cash and focusing on structural reforms, including tele-consulting.