Shalby Ltd posts consolidated PAT of Rs. 24.46 crore in Q2FY21

Shalby Ltd has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.117.97 crores during the period ended September 30, 2020 as compared to Rs.40.75 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.24.46 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.(8.70) crores for the period ended June 30, 2020.

The company has reported EPS of Rs.2.27 for the period ended September 30, 2020 as compared to Rs.(0.81) for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 117.97 crs	₹ 40.75 crs	189.5%
Net Profit	₹ 24.46 crs	₹ (8.70) crs	381.15%
EPS	₹ 2.27	₹ (0.81)	380.25%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.117.97 crores during the period ended September 30, 2020 as compared to Rs.128.47 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.24.46 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.12.91 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.2.27 for the period ended September 30, 2020 as compared to Rs.1.20 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 117.97 crs	₹ 128.47 crs	-8.17%
Net Profit	₹ 24.46 crs	₹ 12.91 crs	89.47%
EPS	₹ 2.27	₹ 1.20	89.17%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.158.72 crores during the 6 months period ended September 30, 2020 as compared to Rs.262.08 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.15.76 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.36.53 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.1.46 for the 6 months period ended September 30, 2020 as compared to Rs.3.38 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 158.72 crs	₹ 262.08 crs	-39.44%
Net Profit	₹ 15.76 crs	₹ 36.53 crs	-56.86%
EPS	₹ 1.46	₹3.38	-56.8%

Commenting on performance, Mr. Shanay Shah, President said: "All our hospitals, except SG Shalby, have continued to treat Covid-19 patients and provide the required infrastructure support and medical facilities needed to try to address this ongoing unprecedented health crisis. In addition to having treated over 3,250 Covid-19 patients in total across our hospital group, during the last quarter we have also registered an increase in both arthroplasty and orthopedics elective surgeries. As a result of this, we have seen a sharp rebound in both our business and financial key performance indicators during Q2 FY21.

During the quarter, Shalby delivered total income of Rs. 1,118 million, an increase of 174% on a q-o-q basis and a decline of 12.9% on y-o-y basis. This was due to bed occupancy levels moving up meaningfully to 41% in Q2 FY21 as compared to 39% in the same quarter last year. EBITDA returned to profitability at Rs. 314 million and margins improved significantly to 28.0% as compared to 23.9% in Q2 FY2020. The margin improvement was primarily driven by higher occupancy from Covid-19 patients coupled with lower consumption of materials and consumables. Overall, net profit was Rs. 242 million with margins of 21.6%. From a balance sheet perspective, Shalby remains well capitalized with net cash of Rs. 503 million at the end of September 2020 compared with Rs. 398 million last quarter.

With the removal of lockdown and travel restrictions, business activity started to show early signs of normalization, however Covid-19 cases continue to rise across the country. Our senior management team remains fully committed to ensure best in class healthcare facilities are being provided to patients across our hospital group. Furthermore, Shalby continues to provide patients with affordable home care medical services."

Shares of Shalby Ltd was last trading in BSE at Rs.99.9 as compared to the previous close of Rs. 95.7. The total number of shares traded during the day was 55961 in over 1895 trades.

The stock hit an intraday high of Rs. 103 and intraday low of 96.8. The net turnover during the day was Rs. 5573623.

Source : Equity Bulls

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