Apollo Hospitals Q3 Results: 52% Profit Surge, ₹9 Dividend, Revenue Up 14%
Business and Industry Overview:
Apollo Hospitals was founded in 1983 by Dr. Prathap C. Reddy, widely recognized as the architect of modern healthcare in India. As the country’s first corporate hospital, Apollo Hospitals pioneered the private healthcare revolution and has since evolved into Asia’s leading integrated healthcare services provider. The group has a strong presence across the healthcare ecosystem, including hospitals, pharmacies, primary care and diagnostic clinics, and various retail health models. Additionally, it offers telemedicine services across multiple countries, health insurance solutions, global project consultancy, medical colleges, e-learning through Medvarsity, and specialized colleges for nursing and healthcare management. Its research foundation and initiatives like ‘ASK Apollo’—an online consultation portal—and Apollo Home Health further enhance its service offerings.
Apollo Hospitals has been at the forefront of introducing cutting-edge medical innovations in India, leveraging rapid advancements in medical technology. Notably, Southeast Asia’s first proton therapy center began operations at the Apollo Center in Chennai.
The organization has also launched several social initiatives aimed at supporting underprivileged children, including:
- SACHi (Save a Child’s Heart Initiative): Focused on pediatric cardiac care for congenital heart diseases.
- SAHI (Society to Aid the Hearing Impaired): Provides support for children with hearing disabilities.
- CURE Foundation: Dedicated to cancer care.
- Total Health Foundation: A unique population health model piloted in Thavanampalle Mandal, Andhra Pradesh, offering holistic healthcare from birth through old age.
The industry includes hospitals, medical devices, health insurance, and more The healthcare sector has been growing at a compound annual growth rate of around 22% since 2016. In 2022, the healthcare industry was valued at over $370 billion, and the sector is expected to reach over $610 billion by 2026. Apollo Hospitals is India’s largest for-profit private hospital network with 71 owned and managed hospitals. Through its subsidiaries, it also runs pharmacies, primary care and diagnostic centers, telehealth clinics, and digital healthcare services. India’s healthcare industry is one of the country’s largest sectors, employing millions of people and contributing billions of dollars to the economy.
Latest Stock News:
Apollo Hospitals reported a 52% year-on-year (YoY) increase in net profit, reaching ₹372 crore for the third quarter ended December 31, 2024. Revenue grew 14% YoY to ₹5,527 crore. The company’s board declared an interim dividend of ₹9 per share, setting February 15 as the record date, with payment scheduled on or before February 28, 2025.
Despite meeting analysts’ estimates with a 14% revenue growth in Q3 FY25, Apollo Hospitals’ shares declined 4.5%. The company remains focused on expanding its healthcare services and technology capabilities.
Additionally, Apollo Hospitals announced plans to add 3,512 beds over the next 3 to 4 years, starting FY26.
Segmental information:
Apollo Hospitals operates across multiple business segments, making it one of India’s most diversified healthcare providers.
Healthcare Services
Apollo runs 71 hospitals across India, offering multispecialty and superspecialty care in cardiology, oncology, neurology, orthopedics, and transplants. It has introduced advanced medical technologies, including robotic-assisted surgeries and South East Asia’s first Proton Therapy Centre in Chennai.
Pharmacy & Digital Healthcare
Apollo Pharmacy, India’s largest retail pharmacy chain, has 5,000+ stores across 21 states, providing prescription drugs, OTC medicines, and wellness products. Its digital platform, Apollo 24/7, offers teleconsultations, e-pharmacy, and home diagnostics, leveraging AI for personalized healthcare.
Primary & Secondary Care
Apollo Health and Lifestyle operates Apollo Clinics, Apollo Diagnostics, Apollo Sugar (diabetes care), Apollo White (dental), Apollo Cradle (women & child care), Apollo Fertility, and Apollo Dialysis, extending care beyond hospitals.
Telehealth Services
Apollo TeleHealth provides remote healthcare through B2C, B2B, and B2G models, partnering with government programs to improve healthcare access in rural areas. Established in 1999, it operates 100+ teleclinics across India.
Health Insurance & Wellness
Previously operating Apollo Munich Health Insurance (now merged with HDFC Ergo), Apollo continues to support corporate and individual health insurance solutions.
Education & Research
Apollo Medvarsity, an e-learning platform, trains medical professionals, while the Apollo Research Foundation focuses on clinical trials and medical research.
International Healthcare Projects
Apollo provides global healthcare consultancy, recently signing an MoU with Indonesia’s Mayapada Healthcare Group to enhance oncology, cardiology, neurology, and transplant services.
With its integrated network of hospitals, pharmacies, digital healthcare, and research, Apollo Hospitals continues to drive innovation and accessibility in healthcare.
Subsidiary Information:
- Apollo HealthCo (formed in 2021) integrates the group’s non-hospital pharmacy chain Apollo Pharmacy with its digital healthcare platform Apollo 24/7.
- Apollo Pharmacy: India’s largest retail pharmacy chain, operating over 5,000 stores across 21 states. Established in 1987.
- Apollo 24/7: The group’s digital healthcare platform, launched in 2020, offering telehealth consultations, online medicine orders, home diagnostics, and more.
- Apollo Health and Lifestyle: The group’s primary and secondary care arm, which operates:
- Apollo Clinics: Multi-specialty clinics.
- Apollo Diagnostics: Pathology and diagnostic labs.
- Apollo Sugar: Diabetes management clinics.
- Apollo White: Dental hospitals.
- Apollo Dialysis: Dialysis centers.
- Apollo Spectra: Minimally invasive surgical hospitals.
- Apollo Cradle: Women and children’s hospitals.
- Apollo Fertility: Fertility clinics.
- Apollo TeleHealth Services:
- Manages the group’s telehealth network via multiple models:
- Business-to-Consumer (B2C): Direct services like online consultations, appointment booking, and medicine delivery.
- Business-to-Business (B2B): Corporate telehealth services.
- Business-to-Government (B2G): Telehealth partnerships with public healthcare systems.
- Established in 1999, headquartered in Hyderabad, with over 100 franchised teleclinics.
Q3 Highlights:
- PAT jumps 52% YoY to Rs 372 crore, revenue rises 14%; Rs 9 per share dividend declared
- declared an interim dividend of Rs 9 per share and fixed February 15 as the record date for the same.
- Apollo Hospitals’ consolidated profit rose 51.8 per cent year-on-year (Y-o-Y) to Rs 372.3 crore in Q3FY25, from Rs 245.3 crore in the same quarter previous fiscal year (Q3FY24)
Financial Summary:
| Amount in ₹ Cr | Q3 FY24 | Q3 FY25 | FY23 | FY24 |
| Revenue | 4,851.00 | 5,527.00 | 16,612 | 19,059 |
| Expenses | 4,237 | 4,765 | 14,548 | 16,665 |
| EBITDA | 643 | 831.00 | 2,140.00 | 2,498.00 |
| OPM | 13% | 14% | 12% | 13% |
| Other Income | 29 | 69 | 75 | 105 |
| Net Profit | 254.00 | 379.00 | 844 | 935 |
| NPM | 5.24 | 6.86 | 5.08 | 4.91 |
| EPS | 17.06 | 25.89 | 56.97 | 62.5 |