News Digging > News > Healthcare Stock Declared Rs 8/Share Dividend, ICICI Securities Sees 43% Upside, Suggests Buy
Healthcare Stock Declared Rs 8/Share Dividend, ICICI Securities Sees 43% Upside, Suggests Buy
Healthcare Stock Declared Rs 8/Share Dividend, ICICI Securities Sees 43% Upside, Suggests Buy,Metropolis Healthcare’s (Metropolis) reported Q3FY23 performance was a mixed bag. Revenue declined 2.6% YoY (-5% QoQ) at Rs2.9bn (I-Sec: Rs2.8bn). Excluding Hi-Tech and government contract revenues, non-covid revenue grew ~13% YoY (+1,000bps from volume growth and +300bps from higher realisations). EBITDA margin contracted 160bps QoQ to 24.7%, driven by negative operational leverage (I-Sec: 26%).

Healthcare Stock Declared Rs 8/Share Dividend, ICICI Securities Sees 43% Upside, Suggests Buy

Metropolis Healthcare’s (Metropolis) reported Q3FY23 performance was a mixed bag. Revenue declined 2.6% YoY (-5% QoQ) at Rs2.9bn (I-Sec: Rs2.8bn). Excluding Hi-Tech and government contract revenues, non-covid revenue grew ~13% YoY (+1,000bps from volume growth and +300bps from higher realisations). EBITDA margin contracted 160bps QoQ to 24.7%, driven by negative operational leverage (I-Sec: 26%).