Max Healthcare Q4 net profit rises to ₹109 crore
May 28, 2021
During the quarter, the healthcare services firm’s gross revenue rose to ₹1,159 crore
Max Healthcare Institute Ltd (MHIL) has posted a quantum leap in net profit to ₹109 crore for the fourth quarter ended March 30, 2021, compared to ₹45 crore recorded during the corresponding period last year. During the quarter, the private sector healthcare services firm’s gross revenue rose to ₹1,159 crore, from ₹1,100 crore shown during the corresponding year-ago period. Its net debt fell to ₹544 crore following a Qualified Institutional Placement (QIP) from ₹2,102 crore recorded in previous year quarter, the company said in a statement.
Max Healthcare Institute Ltd(MHC) on Wednesday said it has raised Rs 1,200 crore via issue of securities. The company, which is the country s second largest private hospital chain, has raised the capital throughqualified institutional placement(QIP). The QIP opened on March 4, 2021, and closed on March 9, 2021. The healthcare major has accordingly issued6,14,12,482fresh equity sharesof face value of Rs 10 pershare at a price of Rs 195.40 per share, MHC said in a statement. Post the QIP, the issued and subscribed equity share capital of MHC stands at 96,59,45,006 equity shares, it added. MHC proposes to utilise the net proceeds for meeting the capital expenditure and working capital requirements, including expansion of capacity, increasing stake in existing/future subsidiariesetc, it said.