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Max Healthcare Profit Dips Amidst Tax Benefit Absence
30 Oct
Summary
- Max Healthcare's Q2 profit decreased by 15.6%.
- A year-ago tax benefit's absence impacted profit figures.
- Patient volume growth was observed across the network.
India's Max Healthcare Institute recently announced a notable 15.6% decrease in its second-quarter profits. The consolidated net profit for the quarter ending September 30 amounted to 4.15 billion Indian rupees, a reduction from the 4.91 billion rupees recorded in the same period last year. This profit decline was significantly influenced by the lapsing of a one-time tax benefit that had boosted figures in the prior year. Despite this financial setback, the hospital operator continued to see positive trends in its operations. Patient volumes showed growth across its network of hospitals, indicating a steady demand for its services and successful expansion efforts.
