Krishna Institute of Medical Sci. announced that the 22th Annual General Meeting(AGM) of the company will be held on 29 August 2024.Powered by Capital Market - Live News

Net profit of Krishna Institute of Medical Sciences declined 29.81% to Rs 65.47 crore in the quarter ended March 2024 as against Rs 93.27 crore during the previous quarter ended March 2023. Sales rose 10.05% to Rs 633.80 crore in the quarter ended March 2024 as against Rs 575.93 crore during the previous quarter ended March 2023.For the full year,net profit declined 7.78% to Rs 310.15 crore in the year ended March 2024 as against Rs 336.32 crore during the previous year ended March 2023. Sales rose 13.67% to Rs 2498.14 crore in the year ended March 2024 as against Rs 2197.68 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales633.80575.93 10 2498.142197.68 14 OPM %25.0628.34 -25.6327.48 - PBDT146.29162.70 -10 606.19599.34 1 PBT99.99127.27 -21 459.64470.08 -2 NP65.4793.27 -30 310.15336.32 -8 Powered by Capital Market - Live News

Krishna Institute of Medical Sci. will hold a meeting of the Board of Directors of the Company on 16 May 2024.Powered by Capital Market - Live News

Krishna Institute of Medical Sciences has received revision in credit ratings from CRISIL as under:Long term rating - CRISIL AA/ Stable (upgraded from CRISIL AA-/ Positive) Short term rating - CRISIL A1+ (reaffirmed) Powered by Capital Market - Live News

Krishna Institute of Medical Sciences has entered into a definitive agreement for the acquisition of land on a 99-year lease and purchase of the building thereon for setting up a new Hospital at Thane. The investment in the project is expected to be around Rs. 500 crore. The purchase of the building and lease amount will be paid from bank loan and internal accruals. It would be a multi-specialty hospital with state-of-the-art tertiary and quaternary care facilities having a land area of approximately 2.59 Acres and a total built-up area of 2.72 Lakh sq. ft. The proposed hospital will have a bed capacity of 300 beds (approx.). This will be the first hospital of KIMS in the Mumbai-Thane region and the third in Maharashtra, following its presence in Nagpur and Nashik. The Nashik unit will be opening in Q1 FY25.Powered by Capital Market - Live News