India's Apollo plans to have 10,000 beds by 2016-17
28-May-15, Money Control
Last year's numbers have a set a strong foundation for growth in the current year, Suneeta Reddy, Managing Director, Apollo Hospital told CNBC-TV18.
%20Money%20Control.jpg "Indias Apollo plans to add 10000 beds in 2016 17 (c) Money Control")
Image: Money Control
Apollo Hospitals' revenue rose 20.6 percent year-on-year to Rs 1,203 crore. Profit fell five percent to Rs 77.33 crore compared to Rs 81.34 crore last year.
Profits in FY15 were hurt by lower margin and decline in other income, said Reddy.
For FY16, Apollo has budgeted Rs 1,700 crore to add 600 beds in the second and third quarters. It expects them to make operating profits by 2018. By 2016-17, it plans to have 10,000 beds, she said.