HCG Reports Strong Growth in Q4 FY24

HCG Reports Strong Growth in Q4 FY24

Dil Bar Irshad | June 1, 2024 | 11:41 AM IST | Breaking News | Follow on Google News

HCG Reports Strong Growth in Q4 FY24

HCG Reports Strong Growth in Q4 FY24

Key Highlights:

1. Consolidated Revenue up by 12% year-on-year, reaching INR 4,946 million.
2. Adjusted EBITDA shows significant growth of 21%, standing at INR 941 million.
3. Expansion plans include establishing two hospitals in Bangalore and enhancing patient experience with the ‘HCG CARE’ smart app.

HealthCare Global Enterprises Limited (HCG), a leader in specialty healthcare services focusing on oncology and fertility in India, announced its audited financial results for Q4 FY24. The quarter saw impressive growth, with consolidated revenue reaching INR 4,946 million, reflecting a year-on-year increase of 12%. Adjusted EBITDA surged by 21% to INR 941 million, showcasing the company’s strong financial performance.

In addition to financial achievements, HCG emphasized business updates for Q4 FY24. Overall, ARPOB experienced a notable 10% growth, while AOR stood at 64.2%. The company’s commitment to quality care is evident in its RoCE figures, with established centers maintaining a RoCE of 20.6%.

Commenting on the results, Dr. B.S. Ajaikumar, Executive Chairman of HCG, expressed pride in the company’s consistent performance and commitment to cancer care excellence. He highlighted HCG’s unique value-based care model and focused factory approach, which have contributed to sustainable outcomes comparable to premier global centers.

Mr. Raj Gore, CEO of HCG, elaborated on the strategic initiatives driving growth, including expansion plans in Bangalore and the introduction of the ‘HCG CARE’ smart app suite. These initiatives aim to enhance patient experience and streamline access to healthcare services, reflecting HCG’s patient-centric vision.

As HCG continues to innovate and expand its footprint, the company remains dedicated to “Adding Life to Years” by redefining healthcare through global innovation.

(Source: BusinessWireIndia

Dil Bar Irshad

Dil Bar Irshad is a seasoned journalist, hails from Jammu Kashmir's Doda, covers political, social, business stories, index stories.