Metropolis Healthcare Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 16, 2023 at 09:05 am EDT
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Metropolis Healthcare Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 2,825.46 million compared to INR 3,059 million a year ago. Revenue was INR 2,837.72 million compared to INR 3,115.76 million a year ago. Net income was INR 333.55 million compared to INR 399.87 million a year ago. Basic earnings per share from continuing operations was INR 6.51 compared to INR 7.81 a year ago. Diluted earnings per share from continuing operations was INR 6.49 compared to INR 7.78 a year ago.
For the full year, sales was INR 11,482.1 million compared to INR 12,283.36 million a year ago. Revenue was INR 11,634.35 million compared to INR 12,459.59 million a year ago. Net income was INR 1,428.83 million compared to INR 2,141.82 million a year ago. Basic earnings per share from continuing operations was INR 27.91 compared to INR 41.87 a year ago. Diluted earnings per share from continuing operations was INR 27.81 compared to INR 41.66 a year ago.
Metropolis Healthcare Limited is an India-based company, which is engaged in providing diagnostic services. The Company operates through the pathology services segment. The Company offers a range of clinical laboratory tests and profiles, which are used for prediction, early detection, diagnostic screening, confirmation, and monitoring of the disease. The Company also offers analytical and support services to clinical research organizations for their clinical research projects. Its services include pathology testing services, corporate wellness, lab in hospitals and clinical research services. The Company offers a range of tests and profiles that include advanced tests in diagnosis of cancer, neurological disorders, infectious diseases, and an array of genetic abnormalities. It owns a chain of diagnostic centers across India, South Asia, Africa, and the Middle East. The Company has spread its footprint across 20 Indian states and over 220 cities.