Aster DM Quality Care

Indicators

0 bullish · 4 neutral · 17 bearish

Verdict

Aster DM Healthcare drives steady capacity expansion and occupancy growth, with improving profit margins offset by earnings volatility and rising operational costs.

Why

• •Operational beds grow from 3,832 to 5,385 over five quarters, supported by occupancy rising from 59% to 62%.
• •Profit before tax margin improves from 11.8% to 15.3%, while EBITDA post INDAS climbs from ₹207 Cr to ₹264 Cr, reflecting better cost control.
• •Normalised PAT fluctuates between ₹81 Cr and ₹200 Cr, settling at ₹125 Cr in Q1 FY27, indicating periodic earnings swings.
• •Depreciation and variable O&M fees steadily increase, adding pressure on operating expenses as the asset base expands.

Signals