Apollo Hospitals Q2 revenue up 23% and profit up 32% on higher occupancy and international patient growth
Summary
- Hospital business revenue rose 23% YoY in Q2 FY24, driven by improved occupancy and higher international patient inflow.
- Overall bed occupancy across Apollo's network increased to 73% in the quarter, up from 68% in the same period last year.
- Revenue from international patients jumped 37%, reflecting renewed confidence among overseas medical tourists.
- Apollo Hospitals plans to add approximately 5,800 beds over the next five years to expand its capacity.
Key Facts
- · Q2 FY24 revenue growth: 23%
- · Q2 FY24 profit growth: 32%
- · Bed occupancy rate: 73%
- · International patient revenue increase: 37%
- · Planned bed addition: ~5,800 beds in 5 years
- · Occupancy improvement contributed to higher per‑bed earnings
- · Expansion aims to capture growing demand in tier‑2 and tier‑3 cities
Why it matters
The strong financial performance underscores the resilience and growth potential of India's private healthcare sector, highlighting rising domestic and medical‑tourism demand. Expanded bed capacity will increase access to tertiary care, impact health‑sector employment, and contribute to overall GDP growth.
#Apollo Hospitals#Healthcare sector#Q2 FY24 results#Bed occupancy#Medical tourism#Capacity expansion