Promoters of Apollo Hospitals Enterprise Ltd are expected to sell shares worth ₹1,395 crore through a block deal on Friday, according to reports. The floor price is likely set at ₹7,747 per share, representing a 2% discount to Thursday’s closing price of ₹7,920. Shares had ended the session with gains of ₹37 (0.47%).
Stake Sale Details
- Suneetha Reddy, one of the promoters, is likely to offload up to 1.25% stake.
- She currently holds a 3.36% stake, amounting to over 48.34 lakh shares.
- Exact details of the deal are awaited.
Strong Q1 Performance
Apollo Hospitals reported robust earnings for the June quarter (Q1FY26):
- Consolidated net profit (PAT): ₹433 crore, up 42% YoY from ₹305 crore in Q1FY25, and 11% sequentially from ₹390 crore in Q4FY25.
- Revenue from operations: ₹5,842 crore, up 15% YoY from ₹5,086 crore, and 4.5% QoQ from ₹5,592 crore.
Revenue Breakdown (Q1FY26)
- Healthcare services: ₹2,974 crore (vs. ₹2,654 crore YoY; ₹2,843 crore QoQ)
- Retail health & diagnostics: ₹435 crore (vs. ₹366 crore YoY; ₹394 crore QoQ)
- Digital health & pharmacy distribution: ₹2,472 crore (vs. ₹2,082 crore YoY; ₹2,376 crore QoQ)
The earnings were released post-market hours. On the NSE, Apollo Hospitals’ stock closed with a minor downtick at ₹7,253.
