Lakeshore Hospital has released its financial results for the fiscal year 2024, showcasing consistent performance across key financial metrics. Here’s a breakdown of the main highlights:
Key Financial Highlights :
1. Revenue:
- Total revenue for FY 2024 stood at ₹396 crore, a slight decrease from ₹419 crore in FY 2023. This reflects stable income despite a challenging healthcare environment.
2. Gross Margin:
- Gross margin slightly declined to 71.97% in FY 2024 from 73.27% in FY 2023. This demonstrates the hospital’s strong focus on managing costs amidst varying operational expenses.
3. Employee Benefit Expenses:
- Employee benefit expenses rose to ₹75 crore in FY 2024, up from ₹64 crore in FY 2023. This increase reflects investments in skilled personnel to enhance healthcare quality.
4. Other Expenses:
- Other expenses decreased to ₹135 crore in FY 2024, down from ₹143 crore in the previous year. This reduction shows a strategic effort to streamline operational costs.
5. EBITDA:
- EBITDA dropped to ₹73 crore in FY 2024 from ₹102 crore in FY 2023. Despite this decrease, the hospital continues to maintain positive operational margins.
6. Operating Profit Margin (OPM):
- The Operating Profit Margin (OPM) fell from 24.34% in FY 2023 to 18.43% in FY 2024, reflecting the impact of reduced EBITDA.
7. Earnings Before Tax (EBIT):
- EBIT for FY 2024 was ₹49 crore, a decrease from ₹79 crore in FY 2023. This resulted in an EBIT margin of 12.37%.
8. Profit Before Tax (PBT):
- Profit Before Tax (PBT) declined to ₹55 crore in FY 2024, down from ₹82 crore in the previous year. This shows a balanced approach to revenue generation and expense management.
9. Profit After Tax (PAT):
- PAT decreased from ₹57 crore in FY 2023 to ₹44 crore in FY 2024. This yielded a Net Profit Margin (NPM) of 11.11%, indicating sustainable profitability.
10. Earnings Per Share (EPS):
- EPS dropped to ₹4.4 from ₹5.7 in FY 2023, consistent with the overall decline in profit figures.
Cash Flow Analysis:
1. Cash from Operating Activities:
- Cash generated from operations reduced to ₹63 crore in FY 2024 from ₹75 crore in FY 2023. This was due to an increase in working capital requirements.
2. Cash from Investing Activities:
- Investments in property, plant, and equipment (PPE) led to a cash outflow of ₹9 crore, while PPE sales contributed ₹0.1 crore. This resulted in a net cash outflow from investing activities of ₹6.9 crore.
3. Cash from Financing Activities:
- The hospital maintained a conservative financing approach, with minimal changes, reflecting a focus on sustainable growth and careful debt management.
Strategic Overview:
1. Operational Efficiency:
- Lakeshore Hospital is focused on efficient resource management and cost-effective operations, ensuring strong financial stability.
2. Technological Advancements:
- The hospital invested in advanced medical equipment and digital tools, enhancing operational efficiency and patient care.
Outlook :
Lakeshore Hospital remains committed to quality patient care and operational excellence. Its strong financial position enables continued investment in technology and healthcare innovation, positioning the hospital well for future growth.
