Vijaya Diagnostic Centre Q1 FY25: 29.1% Revenue Growth and New Hubs

On August 5, 2024, Vijaya Diagnostic Centre Limited, a top integrated diagnostic chain in India, released its financial results for the quarter ending June 30, 2024.

In Q1 FY25, Vijaya Diagnostic Centre reported revenue of ₹1,562.2 million, a 29.1% increase compared to ₹1,210.5 million in Q1 FY24 and a slight 0.7% rise from ₹1,552.1 million in Q4 FY24. EBITDA for Q1 FY25 stood at ₹612.4 million, a 27.3% increase from Q1 FY24’s ₹481.2 million but a 3.0% decrease from Q4 FY24’s ₹631.1 million.

In Q1 FY25, Vijaya Diagnostic Centre conducted 3.38 million tests, a 28.7% increase from 2.62 million tests in Q1 FY24 and a slight 0.5% rise from 3.36 million tests in Q4 FY24.

Vijaya Diagnostic Centre achieved operational break-even within 3 quarters in Kolkata, West Bengal. The new 10,000 sq ft facility, launched in July 2023, includes an automated lab and advanced equipment like a 3T MRI and a 128-slice Cardiac CT, offering some of the region’s most advanced diagnostic services. This quick break-even highlights the strength of Vijaya’s brand and the high demand for its quality services in new markets.

This week, Vijaya inaugurated a state-of-the-art hub in Ongole, Andhra Pradesh. This new facility is part of Vijaya’s growth strategy and features an automated lab and advanced equipment, including a 3T MRI and a 160-slice Cardiac CT. It will be one of the few healthcare centres in Ongole offering such high-end diagnostic services.

Commenting on the performance, Ms Suprita Reddy, MD and CEO, said, “I’m happy to announce another strong quarter, highlighted by a remarkable year-on-year revenue growth of 29.1%, with an impressive 19.6% achieved organically. This growth was primarily driven by increased footfall and test volume, with our wellness holding strong at 13.4%.”

About Vijaya Diagnostic Centre Limited

Vijaya Diagnostic Centre Limited (Vijaya) is one of India’s largest diagnostic chains, with a strong presence in South and Western India. Vijaya offers both pathology and radiology services through 146 diagnostic centres and 21 reference laboratories across 23 cities, including Telangana, Andhra Pradesh, Maharashtra, NCR, and Kolkata.

On August 05, 2024, Vijaya Diagnostic Centre Ltd’s share price opened at ₹771.50, touching the day’s high at ₹806.75 at 03:16 PM on the NSE.

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