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New Delhi, <keyword id="56368" type="General" weightage="20" keywordseo="Apollo-Hospitals" source="Orion">Apollo Hospitals</keyword> on Friday said its consolidated profit after tax declined by 47 per cent to Rs 167 crore in the first quarter ended June 30, 2023. The healthcare major had reported a PAT (profit after tax) of Rs 317 crore in the April-June quarter of previous fiscal. Revenue grew by 16 per cent to Rs 4,418 crore in the first quarter as against Rs 37,96 crore in the same period a year ago, Apollo Hospitals said in a regulatory filing. As on June 30, 2023, Apollo Hospitals had 7,798 operating beds across the network, out of which 14 hospitals were new with 2,380 operating beds, it said. The new hospitals have a utilisation of 60 per cent and are expected to witness double-digit growth in volumes and improvement in utilisation and profitability going forward, it added. "As we step into the next quarter, our focus remains steadfast - to augment our doctors' expertise and revolutionise the overall patient experience as we continue steering Apollo towards a future where healthcare is proactive, personalised, and accessible to all," Apollo Hospitals Group Chairman Prathap C Reddy noted. Shares of the company were trading 0.32 per cent down at Rs 4,905.05 apiece on the BSE.

Apollo Hospitals Q1 2023-24 net profit dips 47% to Rs 167 crore

Chennai, <keyword id="6382967" type="General" weightage="20" keywordseo="Apollo" source="Orion">Apollo</keyword> Hospitals Enterprise Ltd has recorded a standalone profit after tax of Rs 294.8 crore for the three months ended September 30, 2023, the healthcare major said on Friday. Apollo Hospitals reported a standalone profit after tax of Rs 279.1 crore during the corresponding quarter last year. For the half-year period ended September 30, 2023, the standalone profit after tax stood at Rs 508.9 crore, as against Rs 612.3 crore registered in the same period last year, the company said on Friday. Total income on a standalone basis during the quarter under review grew to Rs 1,931.1 crore from Rs 1,758.5 crore during the corresponding quarter of the previous year. For the six-month period ended September 30, 2023, the standalone total income grew to Rs 3,637.3 crore against Rs 3,298.7 crore registered in the same period last year. In a statement, Apollo Hospitals said the board, based on the recommendations of the investment committee, has evaluated and approved an expansion plan for the company involving a balance capital outlay of around Rs 3,400 crore after reckoning for land/asset acquisition costs already incurred. "(Apollo Hospitals is) on track to add 2,300 beds across eight locations at a cost of Rs 3,400 crore over the next three financial years," the statement read. The mode of financing would be internal accruals and debt financing. "This expansion plan is in line with the plan to expand footprint in identified strategic locations to drive continued business growth and cater to the increasing demand for quality healthcare services across the country," the company said. Apollo Hospitals Group Chairman Prathap C Reddy said, "For more than 40 years, Apollo has spearheaded a healthcare revolution in India, leading the charge in delivering quality healthcare services throughout the nation. Our unwavering commitment drives us to extend the reach of our services far and wide, bolstered by investments in cutting-edge technologies and the ongoing enhancement of our existing facilities." "We are happy to have announced our new hospitals at Pune and Kolkata, and we are forging ahead with our plans to add 2,300 high-quality beds in key geographies over the next three years," he added.

Apollo Hospitals posts July-September 2023 standalone PAT of Rs 294.8 cr

New Delhi, Realty firm <keyword id="72751" type="General" weightage="20" keywordseo="Brigade-Enterprises" source="Orion">Brigade Enterprises</keyword> has reported a 72 per cent increase in its consolidated net profit to Rs 133.50 crore for the second quarter of this fiscal year. Its net profit stood at Rs 77.58 crore in the year-ago period. Total income rose to Rs 1,407.92 crore during the July-September period of this fiscal year from Rs 912.19 crore in the corresponding period of the previous year, according to a regulatory filing on Wednesday. The company's sales bookings stood at 1.67 million square feet valued at Rs 1,249 crore during the second quarter of this fiscal year. "All business verticals contributed significantly to the growth of the company in Q2 of FY24. The residential segment continues to outperform with strong absorption across our key markets, heightened end-user interest, stable registration processes, steady home loan rates and excellent response to new launches," Pavitra Shankar, Managing Director of Brigade Enterprises Ltd, said. With a robust pipeline of launches in Bengaluru, Chennai and Hyderabad, she expressed confidence that the company would sustain the momentum going forward. Established in 1986, Brigade Enterprises Ltd is one of the leading property developers. It has developed many housing, commercial (office and malls) and hospitality projects across cities -- Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Gift City-Gujarat, Thiruvananthapuram, Mangaluru and Chikkamagaluru.

Brigade Enterprises Q2 2023-24 net profit rises 72% to Rs 133.5 crore

Why America's hospitals are on life support  

Prolonged symptoms of <keyword id="8763838" type="General" weightage="20" keywordseo="COVID-19" source="Orion">COVID-19</keyword> may be associated with difficulty recognising faces, a little-known condition called face blindness, and navigational problems, according to a study. Previous studies have shown that COVID-19 can cause a range of neurological problems, including the loss of smell and taste, and impairments in attention, memory, speech, and language, known as "brain fog". The latest research, published in the journal Cortex, is the first to report prosopagnosia, or face blindness, following symptoms consistent with COVID-19. The condition that can make people fail to recognise familiar faces, has been estimated to affect between 2 and 2.5 per cent of people in the world. The researchers assessed the case of Annie, a 28-year-old customer service representative and part-time portrait artist in the US, who was diagnosed with COVID-19 in March 2020 and suffered a symptom relapse two months later. "When I first met Annie, she told me that she was unable to recognise the faces of her family," said <keyword id="16888434" type="General" weightage="20" keywordseo="Marie-Luise-Kieseler" source="Orion">Marie-Luise Kieseler</keyword>, a graduate student at <keyword id="224383" type="General" weightage="20" keywordseo="Dartmouth-College" source="Orion">Dartmouth College</keyword> in the US, adding Annie now relies on voices to recognise people. Annie also experienced navigational deficits after having COVID-19. She has had difficulty remembering where particular sections in her grocery store are and relies on Google maps and its pin function to remember where she parks her car. "The combination of prosopagnosia and navigational deficits that Annie had is something that caught our attention because the two deficits often go hand in hand after somebody either has had brain damage or developmental deficits," said study senior author Brad Duchaine, a professor at Dartmouth. "That co-occurrence is probably due to the two abilities depending on neighbouring brain regions in the temporal lobe," Duchaine said in a statement. Dr. Vinit Suri, Senior Consultant, Neurology, Indraprastha <keyword id="56368" type="DOMAIN" weightage="20" keywordseo="apollo-hospitals" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="apollo hospitals" meta.entityname="Apollo Hospitals Enterprise Ltd." meta.entityid="62" meta.seoname="apollo-hospitals-enterprise-ltd">Apollo Hospitals</keyword>, New Delhi noted that the exact mechanisms by which long <keyword id="8764262" type="General" weightage="20" keywordseo="covid" source="Orion">Covid</keyword> may cause face blindness are not yet fully understood, but there are several possible explanations. "Firstly, long Covid can cause a range of neurological symptoms which may affect the brain regions responsible for face recognition, causing difficulty in processing visual information and recognising familiar faces," Suri told PTI. "Secondly, Covid-19 can cause inflammation and damage to the blood vessels, which can lead to reduced blood flow to the brain. This can cause brain damage and cognitive impairments, including face blindness," he added. The research team conducted a series of tests with Annie to evaluate her problems with face recognition and determine whether she also has difficulties with other perceptual or cognitive abilities. In one test, Annie was sequentially presented with 60 images of celebrity faces and was asked to name them. Annie correctly identified 29 per cent of the 48 celebrities whom she was familiar with as compared to most people, who can correctly identify 84 per cent of familiar celebrities. The second test was a doppelganger test. Annie was shown a celebrity's name and then presented with images of two faces: the face of a celebrity and that of someone similar, and was then asked to identify which face was the famous person. She identified the celebrity in 69 per cent of the 58 trials, as compared to 87 per cent in the control group. "Our results from the test with unfamiliar faces show that it wasn't just that Annie couldn't recall the name or biographical information of a famous person that she was familiar with, but she really has trouble learning new identities," said Kieseler. The research team also obtained self-reported data from 54 individuals who had long COVID with symptoms for 12 weeks or more, and 32 persons who had reported that they had fully recovered from COVID-19. Most respondents with long COVID reported that their cognitive and perceptual abilities had decreased since they had COVID. "It was not just a small concentration of really impaired cases but a broad majority of people in the long COVID group reported noticeable difficulties doing things that they were able to do before contracting COVID-19 without any problems," Kieseler said. "Our study highlights the sorts of perceptual problems with face recognition and navigation that can be caused by COVID-19 -- it is something that people should be aware of, especially physicians and other health care professionals," Duchaine added. Dr. <keyword id="13873597" type="DOMAIN" weightage="20" keywordseo="atul" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="atul" meta.entityname="Atul Ltd." meta.entityid="14027" meta.seoname="atul-ltd">Atul</keyword> Prasad, Principal Director &amp; HOD Neurology, BLK-Max Super Speciality Hospital, New Delhi said this is the first report of long COVID-causing prosopagnosia. "The more we study the virus, the more we realise how much damage it can cause during acute infection and now after infection has settled," Prasad told PTI. Suri noted that not all people with long Covid will develop face blindness, and the severity and duration of symptoms can vary widely. "Further research is needed to better understand the relationship between long Covid and face blindness and to develop effective treatments and interventions for those affected," he added. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/international/news/israeli-shekel-devalues-by-8-3-in-less-than-2-months/articleshow/98857874.cms">Israeli shekel devalues by 8.3% in less than 2 months</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/chatgpt-suffers-mega-outage-chat-history-unavailable-for-most-users/articleshow/98857703.cms">ChatGPT suffers mega outage, chat history unavailable for most users</a>

Long Covid infection linked with risk of developing 'face blindness' says study

<ul><li><keyword id="3127494" type="General" weightage="100" keywordseo="insta" source="Orion">Insta</keyword>, acquired by <keyword id="1165142" type="General" weightage="80" keywordseo="practo" source="Orion">Practo</keyword> in 2015, has transitioned to a SaaS model. </li><li>This move will also enable the hospitals, their clients, to improve operational efficiency by 20-25% with minimal revenue leakage. </li><li>The company has ambitious growth plans ahead – to grow the number of its clients by 25%.</li></ul>Cloud-based hospital management system Insta, acquired by Practo in 2015, has transitioned to SaaS or software-as-a-service model. This means Insta provides hospital management system or HMS to its clients, who are hospitals, clinics and <keyword id="7874987" type="General" weightage="50" keywordseo="healthcare-centers" source="Orion">healthcare centers</keyword>, via cloud computing. HMS helps hospitals manage their information like clinical data, inventory, patient information and financials, and integrate all of it across departments. Also, Insta’s own SaaS transition will render it with benefits and also the clients it serves. Insta says its new SaaS-powered system will enable the hospitals – its clients – to improve operational efficiency by 20-25% with minimal revenue leakage. “The India market is ripe for SaaS. It provides the much-needed agility that healthcare players are looking for, thus, giving us the confidence of further expansion in a shorter period of time,” said Abhinav <keyword id="3268" type="General" weightage="50" keywordseo="lal" source="Orion">Lal</keyword>, co-founder and chief technology officer, Practo. Scalability &amp; cost-efficiency The company has ambitious growth plans ahead – to grow the number of its clients by 25%. The SaaS model will provide it with scalability. The company said that the SaaS transition will also provide more value to its partner clinics and hospitals in addition to flexibility. More importantly, the new system will make it more cost-effective, and it can be passed on to its clients. “With this move, the company aims to improve its integration, enabling timely upgrades and greater ease of use, at four times reduction in costs as compared to conventional IT infrastructure,” Insta said in a statement. ‘Helps anticipate revenues &amp; shorten sales lifecycle’ Since it was acquired in 2015 by Practo, Insta grew its business by 368%. It has been clocking 25-30% revenue growth year-on-year, for the last two to three years. “While our consumer business continues to grow, our B2B business is turning profitable. This transition to SaaS is a strategic step in that direction. It helps us anticipate revenues, shorten sales lifecycle, and deepen integration, thus, creating a more predictable ecosystem for both growth and profitability,” said Lal. The global cloud computing market in healthcare is estimated to reach $51.9 billion by 2024. The company hopes to have a 10% share in this market, going ahead. “We are the leaders in the <keyword id="30350" type="General" weightage="50" keywordseo="middle-east" source="Orion">Middle East</keyword> market and will continue to invest in that market, to grow both market and revenue share,” Lal said. Some of Insta’s clients include <keyword id="1867979" type="General" weightage="50" keywordseo="apollo-health-and-lifestyle" source="Orion">Apollo Health and Lifestyle</keyword>, Ovum, Bansal, <keyword id="1801303" type="General" weightage="50" keywordseo="omni-hospitals" source="Orion">Omni Hospitals</keyword> in India and Emirates Healthcare, Right Health, Etihad Airways Medical Centre, VPS- Lifeline, VPS-Lifecare and Valiant Clinic in UAE. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sustainability/news/sanitary-pads-take-250-800-years-to-decompose-which-is-pushing-young-indians-to-opt-for-greener-alternatives/articleshow/93758591.cms">Sanitary pads take 250-800 years to decompose, which is pushing young Indians to opt for greener alternatives</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/airtels-stock-surges-as-bharti-telecom-says-it-will-acquire-singtels-stake-for-1-6-bn/articleshow/93767761.cms">Airtel’s stock surges as Bharti Telecom says it will acquire Singtel’s stake for $1.6 bn</a>

Practo’s Insta says its SaaS transition will help reduce costs by 4x

New Delhi, Feb 13 () Healthcare major Apollo Hospitals Enterprise on Thursday reported a 80.36 per cent rise in consolidated net profit at Rs 89.96 crore for the quarter ended December on account of robust performance across verticals. The company had posted a net profit of Rs 49.87 crore in the corresponding period of the previous fiscal, Apollo Hospitals Enterprise said in a filing to the BSE. Consolidated revenue from operations stood at Rs 2,911.74 crore for the quarter under consideration. It was at Rs 2,495.04 crore for the same period a year ago. The company's board has declared an interim dividend of Rs 3.25 per equity share of Rs 5 each for the financial year ending March 31, 2020, Apollo Hospitals Enterprise said. "In addition to arming ourselves with newer offerings and treatment technologies, the resilience of our service model that offers comprehensive care across multiple centres and formats, is enabling us to maintain a focused trajectory of growth amidst a dynamic and fluid operating environment," Apollo Hospitals Chairman Prathap C Reddy said. Even as Apollo Hospitals widens the suite of preventive healthcare offerings, "we are rapidly evolving our capabilities across key specialties such as oncology, neurosciences, orthopaedics and critical care to meet the healthcare challenges of the nation," he added. As on December 31, 2019, Apollo Hospitals had over 7,470 operating beds across the network (excluding AHLL and managed beds), out of which 14 were new hospitals with 1,990 operating beds. The new hospitals are expected to see increase in volumes and utilisation going forward, the company said. The total store network of standalone pharmacies as of December 31, 2019 stood at 3,700 operational stores, it added. Apollo Health &amp; Lifestyle Ltd (AHLL), a wholly owned subsidiary which houses the retail healthcare business of Apollo Hospitals, had 917 centers in total as of December 31, 2019, the company said. Shares of Apollo Hospitals Enterprise on Thursday closed 1.41 per cent higher at Rs 1,707.80 per scrip on the BSE. AKT RVK

You Searched For "Apollo Hospitals profit and loss" and got 7 results

Apollo Hospitals Q1 2023-24 net profit dips 47% to Rs 167 crore

PTI

Apollo Hospitals posts July-September 2023 standalone PAT of Rs 294.8 cr

PTI

Brigade Enterprises Q2 2023-24 net profit rises 72% to Rs 133.5 crore

BI India Bureau

Why America's hospitals are on life support

Bethany McLean

Long Covid infection linked with risk of developing 'face blindness' says study

PTI

Practo’s Insta says its SaaS transition will help reduce costs by 4x

Vaamanaa Sethi

Apollo Hospitals Q3 net profit up 80 pc to Rs 90 cr

PTI

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