Narayana Hrudayala - Q2 FY21 First cut - Recovery sets in - YES Securities

- Revenues marginally ahead of estimates at Rs6bn, a decline of 27% yoy and up 50% qoq as recovery sets in; EBIDTA +ve at 4.5% vs estimated EBIDTA loss as staff costs decline qoq

- Sep month revenues at 90% of pre COVID Feb 20 level; Flagship hospitals at Bangaluru and Kolkata remain impacted due to cardiac offerings as well as higher dependence on OPD and international patient revenues; Delhi NCR and Tier II units show healthy traction

- Domestic business - Mature hospitals sales down 39% yoy while 3 new facilities sales fell 11% yoy

- Cayman Island hospital closed Q2 with highest sales.

Shares of Narayana Hrudayalaya Ltd was last trading in BSE at Rs.328.3 as compared to the previous close of Rs. 342.15. The total number of shares traded during the day was 19958 in over 846 trades.

The stock hit an intraday high of Rs. 344.9 and intraday low of 318.5. The net turnover during the day was Rs. 6541663.

Source : Equity Bulls

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