Krishna Institute of Medical Sciences has made further investment by acquiring an additional equity stake of 3.00% in Arunodaya Hospitals, subsidiary company of the Company. Consequently, the Company now holds 70.66% of the total paid-up equity share capital of Arunodaya Hospitals. Powered by Capital Market - Live News

Net profit of Krishna Institute of Medical Sciences rose 16.71% to Rs 107.40 crore in the quarter ended September 2024 as against Rs 92.02 crore during the previous quarter ended September 2023. Sales rose 19.13% to Rs 777.30 crore in the quarter ended September 2024 as against Rs 652.48 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales777.30652.48 19 OPM %28.0627.17 - PBDT203.20171.22 19 PBT162.20138.62 17 NP107.4092.02 17 Powered by Capital Market - Live News

Krishna Institute of Medical Sciences (KIMS) Hospitals has announced the expansion into Kerala, to develop new medical facilities and acquire 3000 beds in the state over the next five years. KIMS Hospitals, currently has presence in the 5 states of Telangana, Andhra Pradesh, Maharashtra, Kerala and Karnataka with over 16 hospitals and 5000 plus beds. KIMS has already begun operations in Kerala by taking over Sreechand Hospital in Kannur and entering into an O&M contract with Westfort Hospital at Thrissur, where further development work is underway. Over the next two years, the group plans to establish new hospitals in Kerala developing large health cities in Kochi and Kozhikode, each with 800-bed capacities. The group`s expansion blueprint includes setting up a fully equipped oncology and transplant centre in Kannur, along with a 350-bed hospital in Thrissur dedicated to advanced transplant services. In future plans, KIMS intends to acquire hospitals in Calicut and Trivandrum. In the distant future, it plans to explore possibility of opening one hospital in all districts of Kerala. All our units will mostly be asset light model. Powered by Capital Market - Live News

Krishna Institute of Medical Sci. will hold a meeting of the Board of Directors of the Company on 9 November 2024Powered by Capital Market - Live News

Krishna Institute of Medical Sciences (KIMS) signed a Memorandum of Understanding (MoU) to procure medical technology and services of Upto Rs 700 crore with Wipro GE Healthcare, a leading global medical technology, diagnostics, and digital solutions innovator. As part of this MoU, Wipro GE Healthcare will be an end-to-end medical technology partner for KIMS providing new products, replacements, and service to the existing and new branches of the hospital system over the next 3 years. The MoU covers full suite of medical technology products designed, developed and manufactured by Wipro GE Healthcare including PET CTs, SPEC CTs, Cath labs, MRIs, CT Scanners, ultrasounds, and critical care equipment, among others. Powered by Capital Market - Live News