Aster DM Swings To Profit In March Quarter

Aster DM Healthcare Ltd. posted a consolidated net profit of ₹790.2 million for the March quarter, compared with a net loss of ₹240.3 million a year ago, helped by higher other income and lower taxes. Revenue from operations rose 2.7% on year to ₹10 billion. On a sequential basis, net profit rose 39.1%, while revenue declined 4.7%.

Other income jumped to ₹312.8 million from ₹40.8 million a year ago. Total expenditure was largely flat at ₹9.05 billion, though finance costs rose to ₹324.3 million from ₹298.8 million. The company also took a one-time loss of ₹264.2 million during the quarter.

Its tax outgo fell sharply to ₹50 million from ₹305.7 million.

For 2024-25, Aster DM reported a multi-fold rise in net profit to ₹53.78 billion, while revenue rose 11.9% to ₹41.38 billion. The board has recommended a final dividend of ₹1 per share