Apollo Hospitals outlook revised to Positive by CRISIL, ratings reaffirmed at AA+
APOLLOHOSP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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CRISIL revised the outlook on Apollo Hospitals' long-term ratings to Positive from Stable, while reaffirming ratings at CRISIL AA+ on Rs. 2,800 crore bank facilities and NCDs. Short-term rating reaffirmed at CRISIL A1+. Backed by Rs 3,222 crore cash surplus, 51 hospitals with 9,500 plus beds, 13.9 percent operating margin in FY25, and strong cash accruals of over Rs 2,000 crore. Capex plan of Rs 6,000 crore planned over 3-5 years.
Positive outlook reflects CRISIL's confidence in strong financials, dominant market position, and healthy cash generation, a favourable credit signal for shareholders.