Max Healthcare Quarterly Income Doubles

Max Healthcare highlighted expansion plan over the next five years and estimated sustained revenue growth in the period.

Max Healthcare Institute Ltd gained 1.6% to 465 rupees after the company reported record quarterly revenue.

Third quarter revenue increased 9% to 1,567 crore rupees and net income more than doubled to 511 crore rupees from 207 crore rupees a year ago.

The hospital chain operator said revenue and operating earnings rose on improved payor mix and higher average daily rates.

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