Yatharth Hospital s net profit stood at Rs 19 crore in Q1FY24 which was up 10% on a sequential basis. The operating revenue during the first quarter grew 39% year-on-year to Rs 154 crore, while EBITDA rose 61% on-year to Rs 41.4 crore.
While the stock gained some momentum after the initial listing, it was still trading at a premium of just over 11 per cent over its IPO issue price at 11:50 am.
The IPO comprised a fresh issue of up to Rs 490 crore and an offer for sale (OFS) of Rs 65.51 lakh shares. The issue received a thumbs-up from analysts with most recommending a "subscribe" over strong financials and growth potential in Northern India.