Metropolis Healthcare Reveals Robust 36% Profit Hike in Q3

Metropolis Healthcare reported a 36% increase in net profit for the December quarter. Net profit rose to Rs 42 crore, with a revenue increase to Rs 406 crore. The company announced bonus equity shares and highlighted India's growing diagnostics sector, driven by trends in preventive healthcare and chronic disease management.

Metropolis Healthcare announced a significant rise in net profit, experiencing a 36% increase to Rs 42 crore for the December quarter. This improvement comes in comparison to a net profit of Rs 31 crore during the same period last fiscal year.

Accompanying this financial growth, Metropolis reported a rise in revenue from operations, reaching Rs 406 crore, up from Rs 323 crore a year ago. The firm additionally set aside Rs 9 crore for the new labour code as an exceptional item in the quarter.

The board approved a bonus issuance of equity shares at a ratio of 3:1, signaling confidence in its growth strategy. Executive Chairperson Ameera Shah attributed the growth to the expanding Indian diagnostics sector, driven by preventive healthcare and an increase in chronic diseases.

(With inputs from agencies.)