Apollo Hospitals stock falls nearly 4%, expects 2018-19 to be a strong year

The Apollo Hospitals Enterprise stock fell nearly 4 per cent to its 52-week low as its consolidated March quarter performance was below estimates. Regulatory worries related to pricing also weighed on the stock.  While the company posted a 14 per cent growth rate in consolidated revenues of Rs 18.6 billion, net profit came in at Rs 3.5 billion, down 42.5 per cent over the year ago quarter. Costs jumped on account of new hospitals, especially at Navi Mumbai, and retail health care business Apollo Health and Lifestyle (AHLL),  which continues to make losses and rising staff costs.....

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