Artemis Medicare Services Limited — Updates, 14-11-2024: Press Release

Artemis Medicare Services has reported strong growth in Q2 and H1 FY25, with consolidated gross revenue reaching INR 2,523 Mn, up 6.2% year-over-year. EBITDA also saw a significant increase of 35.7% to INR 497 Mn, pushing the EBITDA margin to 20.6% from 16.3%. Net profit after tax (PAT) surged by 63.5% to INR 221 Mn, indicating a robust profit margin of 9.2%. Key operational metrics include a consistent bed capacity utilization of 69.4% and an average revenue per occupied bed (ARPOB) of INR 78,800.

The company has commenced operations in its third tower in Gurgaon, enhancing its capacity to meet growing demand. Additionally, Artemis plans to establish a 300+ bed super speciality hospital in Raipur through a long-term agreement, aiming for operational readiness within a year. This move signals a strategic expansion into central India, potentially strengthening its market position. Given these developments, investors should watch closely for continued growth opportunities and solid performance trends.