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healthcare | IST

Bulk of revenues from COVID treatment; orthopedics revenue at 10-15% of total: Shalby

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Multispecialty hospital Shalby reported revenues of Rs 111.8 crore for the quarter ended September, up 174 percent over the preceding quarter, and a net profit of Rs 24.2 crore.

Multispecialty hospital Shalby reported revenues of Rs 111.8 crore for the quarter ended September, up 174 percent over the preceding quarter, and a net profit of Rs 24.2 crore.
Shanay Shah, President of Shalby told CNBC-TV18 that 60 percent of the revenue came from COVID treatment. He cautioned that the 28-30 percent margin seen during the quarter may not be sustainable, and it was more likely to be around 21-23 percent.
“Pre-COVID 50 percent of the work used to come from orthopedics, which is our key specialty and that number, as we talk, is between 10 percent and 15 percent as part of the topline in Q1 and Q2,” he added.
On fund raising, Shah said, “A large part of the fund will be used for expansion of beds within the current capacity and we have a new project coming up in Mumbai, we have taken over the Asha Parekh Hospital and we are going to run that hospital for the next 60 years. So there will be some amount of capex requirement for that particular hospital as well.”
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