New Delhi, Nov 4 (PTI) Apollo Hospitals Enterprise on Wednesday reported a 31.5 per cent rise in consolidated net profit

New Delhi, Nov 4 (PTI) Apollo Hospitals Enterprise on Wednesday reported a 31.5 per cent rise in consolidated net profit

New Delhi, Nov 4 (PTI) Apollo Hospitals Enterprise on Wednesday reported a 31.5 per cent rise in consolidated net profit

New Delhi, Nov 4 (PTI) Apollo Hospitals Enterprise on Wednesday reported a 31.5 per cent rise in consolidated net profit to Rs 658.4 crore for the September quarter, aided by an increase in revenues.

     The company had posted a net profit of Rs 500.6 crore in the corresponding period of the previous year.

     Revenue from operations increased to Rs 7,614.9 crore during the quarter under review from Rs 6,186.8 crore a year earlier, according to a regulatory filing.

     Total expenses also rose to Rs 6,768.3 crore from Rs 5,568.3 crore a year ago, the filing noted.

     During the April-September period, the company reported a net profit of Rs 1,277.8 crore, up from Rs 947.7 crore during the first half of the previous fiscal year.

     In its filing to the exchanges, the company said Madhu Sasidhar will cease to hold the position of President & CEO - Hospitals Division, effective from the close of business hours on November 14.

     Further, the company also announced "the completion of divestment by Apollo Health and Lifestyle Ltd in Apollo Specialty Hospitals Pvt Ltd and Apollo Fertility Centre Pvt Ltd."

     Apollo Hospitals shares ended 1.58 per cent higher at Rs 8,577 apiece on the BSE on Wednesday.

(This story has not been edited by THE WEEK and is auto-generated from PTI)