Yatharth Hospital shares fall up to 6% after Q4 margin narrows despite strong topline growth

Shares of Yatharth Hospital and Trauma Care Services Ltd. tanked nearly 6% after reporting their fourth quarter earnings, which were higher on a year-on-year basis barring the margins picture.The company reported a healthy set of results across most parameters. However, its margins contracted from the previous year.

Yatharth Hospitals’ net profit increased by 23% to ₹47.5 crore from ₹38.7 crore in the fourth quarter last year.
Its revenue came in at ₹341.5 crore, up 47% from the previous year’s ₹233 crore.The company’s earnings before interest, tax, depreciation and amortization (EBITDA) gained 37% to ₹80 crore in the fourth quarter from ₹58.2 crore last year. However, margins contracted to 23.3% from 25% in the year-ago period.

Yatharth Hospital shares declined 8% to hit an intraday low of ₹792.85 apiece after reporting their fourth quarter earnings. The stock was trading 5% lower at ₹819 apiece at 2.20 pm. It has risen 9.11% in the past month and 21.4% this year, so far.

Also Read: NBCC Q4 Results: Exceptional gain aids profit, revenue drops; Stock off highs