Good NP numbers help Apollo Hospitals trade in the green

Apollo Hospitals is trading in the green on the BSE after the company announced decent fourth quarter & FY09 results.

The scrip is currently trading at Rs 574 per share, up 7.10 points or 1.25% on the BSE.

The stock opened at Rs 570.10 as compared to its previous close of Rs 566.90. Intraday, the stock touched a high and a low of Rs 587 and Rs 568, respectively.

So far, 9,938 shares of the company were traded on the BSE.

The stock touched its 52-week high of Rs 609 on June 26, 2009 and 52-week low of Rs 350 on October 27, 2008.

The stock has gained 10.53% since the past one week and 11.86% since the last one month.

Apollo Hospitals Enterprise has announced its audited results for the quarter & year ended March 31, 2009.

The company has posted net profit of Rs 29.14 crore for the quarter ended March 31, 2009 against a net profit Rs 21.81 crore for the quarter ended March 31, 2008, up 33.60%. Total income has increased from Rs 312.23 crore posted in the fourth quarter of 2007-08 to Rs 396.60 crore in fourth quarter of  2008-09, registering a growth of 27.02%.

For entire fiscal the company has posted a net profit of Rs 118.07 crore for FY09 against Rs 101.75 crore for FY08, a rise of 16.03%. Total income has increased from Rs 1,151.64 crore posted in financial year ended March 31, 2008 to Rs 1,480.35 crore for the financial year ended March 31, 2009, registering growth of 28.54%.

The board of the company has recommended dividend of Rs 6.50 per equity share of Rs 10 each for the financial year ended March 31, 2009.