Hyderabad, Aug 10: Hyderabad-based Krishna Institute of Medical Sciences Limited (KIMS Hospitals), the largest Corporate healthcare group in Andhra Pradesh and Telangana, on Tuesday reported its Profit After Tax (PAT) at Rs 920 million for the first quarter ended June 30, 2021 against Rs 89 million for the corresponding quarter during the previous year.
Therefore the group registered a growth of 931 per cent on YoY basis.
The Hospital’s total income, including other incomes were registered at Rs 4,775 million as against Rs 2,055 million during the previous year, KIMS Hospitals said in a statement here.
The Board of Directors of KIMS Hospitals today approved the financial results for the first quarter.
In June this year, the initial public offer of KIMS Hospitals was subscribed 3.86 times at a price band of Rs Rs 815-825 per share. The IPO received bids for 5,56,55,046 shares as against 1,44,13,073 shares on offer, as per NSE data earlier.
Q1 Fy22 revenue and EBTTDA growth is partly on account of the low base during the last financial year due to lock down, which makes Q1 FY21 not a comparable quarter.
Growth during Q1 FY22 was on account of contribution from ECMO and Heart and Lung Transplant program which has doubled compared to previous quarter and higher occupancy of Covid patients.
In addition, Vaccination revenue, RTPCR tests, COVID home care and COVID hotel packages also contributed significantly, it said.
During this unprecedented COVID crisis, KIMS rose to the occasion and did exemplary work by saving many lives in tough situations and performed Asia’s largest 20 COVID lung transplants till June 30, the group claimed.
In anticipation of increasing needs, we acquired additional ECMo machines and it had enormously helped in treating Covid patients effectively.
We now have 18 ECMO machines and this is possibly the largest number in a single centre in the country and we treated nearly 50 plus COVID patients on ECMO machines out of which 10 were doctors brought from various parts of the country, who were serving COVID patients, the statement said.
India’s First known ECMO case of a COVID positive child was successfully treated and discharged.
Alongside COVID cases, the hospital also did significant Non-COVID work.
Commenting on the Performance, KIMS Hospitals Managing Director Dr B.Bhaskara Rao, said with learning from the first wave, we implemented several measures like doubling up Oxygen storing tanks to hiring additional manpower especially in Nursing.
While critical surgeries like transplants, trauma, continued , elective surgeries were impacted. However, we have now seen the OP footfalls coming back to near normal and IP numbers are picking up too significantly, he added.
Presently, KIMS hospitals have 9 multi-specialty hospitals with an aggregated bed capacity of 3064 beds.
