In an interview with CNBC-TV18's Reema Tendulkar and Sumaira Abidi, Sangita Reddy, Joint MD, Apollo Hospitals Enterprise, spoke about the company's latest hospital in Andhra Pradesh and its outlook going forward.
In an interview with CNBC-TV18's Reema Tendulkar and Sumaira Abidi, Sangita Reddy, Joint MD, Apollo Hospitals Enterprise , spoke about the company's latest hospital in Andhra Pradesh and its outlook going forward.
Below is the transcript of the interview on CNBC-TV18.
Sumaira: With this opening of your hospital in Nellore now you have entered the tier-II towns in Andhra. What is the potential from the tier-II towns that you see and what are the other cities that you could look to explore?
A: We have already been in quite a few tier-II towns. The Nellore hospital we have just opened is a 200 bed state-of-the-art facility and we are seeing a good respond to other facilities that we do have in tier-II towns. Shortly we are also opening more in Andhra Pradesh, an expanded facility in Vizag that will be another 250 beds hospital.
So we see a very good potential for state-of-the-art high quality care in tier-II towns. People are beginning to say that they do not want to travel anymore and they are looking for facilities in their cities itself.
Apollo Hospital stock price
On March 10, 2015, at 14:32 hrs Apollo Hospitals Enterprises was quoting at Rs 1358.15, down Rs 8.5, or 0.62 percent. The 52-week high of the share was Rs 1453.10 and the 52-week low was Rs 885.90.
The company's trailing 12-month (TTM) EPS was at Rs 25.20 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 53.89. The latest book value of the company is Rs 213.10 per share. At current value, the price-to-book value of the company is 6.37.
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