Apollo Hospitals Subsidiaries Report Losses Despite Turnover

HEALTHCAREBIOTECH
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AuthorVihaan Mehta|Published at:
Apollo Hospitals Subsidiaries Report Losses Despite Turnover
Overview

Apollo Hospitals disclosed financial updates for two subsidiaries, ASHPL and AFCPL. Both reported revenues but also negative net worth, signaling financial challenges.

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Financial Performance of Apollo Subsidiaries

Apollo Hospitals Enterprise Limited has provided an update on the financial status of two of its subsidiaries, ASHPL and AFCPL. Despite generating revenue, both entities reported negative net worth, indicating financial strain.

ASHPL reported a turnover of ₹351.53 crore, but its net worth was recorded as negative ₹153.84 crore. Similarly, AFCPL generated a turnover of ₹100.05 crore, with a net worth reported at negative ₹38.33 crore.

These figures suggest that while the subsidiaries are active and generating sales, their liabilities currently outweigh their assets, which could affect Apollo Hospitals' consolidated financial performance.

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