Max MyHealth Digital Platform & CSR Initiatives
MAX
Healthcare
Network P&L Statement: 9M FY24
Gross revenue¹
Net revenue
Direct costs
Contribution
Indirect overheads
Figs in INR Cr
FY21
FY22
FY23
9M FY24
Amount
% NR
Amount
% NR
Amount
% NR
Amount
% NR
3,881
5,509
6,236
5,325
3,629
100.0%
5,218
100.0%
5,904
100.0%
5,049
100.0%
1,508
41.6%
2,103
40.3%
2,304
39.0%
1,968
39.0%
2,121
58.4%
3,115
59.7%
3,600
61.0%
3,081
61.0%
1,485
40.9%
1,725
33.1%
1,964
33.3%
1,677
33.2%
Operating EBITDA¹
ESOP (Equity-settled scheme)
Movement in fair value of contingent consideration
payable and amortisation of contract assets³
636
17.5%
1,390
26.6%
1,636
27.7%
1,404
27.8%
27
0.7%
34
0.7%
34
0.6%
36
0.7%
1
0.0%
7
0.1%
4
0.1%
6
0.1%
Transaction cost including QIP related cost & Loss on
fair valuation of pre-merger holding of Radiant under
249
6.9%
Ind AS 103
Exceptional item: Payment to employees under VRS
9
0.2%
Reported EBITDA
359
9.9%
1,340
25.7%
1,597
27.1%
1,362
27.0%
Finance costs (net)
187
5.2%
112
2.2%
39
0.7%
(34)
(0.7%)
Depreciation and amortisation
216
6.0%
248
4.8%
260
4.4%
200
4.0%
Profit/ (Loss) before tax
(45)
(1.2%)
979
18.8%
1,298
22.0%
1,196
23.7%
Tax
50
1.4%
143
2.7%
(30)
(0.5%)
229
4.5%
Profit (Loss) after tax
(95)
(2.6%)
837
16.0%
1,328
22.5%
966
19.1%
Note: The numbers for the previous period have been re-casted and re-grouped to make them comparable with the disclosures in the current period
2.
1. FY22 includes gross revenue of INR 236 Cr and EBITDA of INR 85 Cr from Covid-19 vaccination & related antibody tests compared to INR 2 Cr revenue in FY23
Non-cash item represents the change in fair value of contingent consideration payable to Trust/Society over the balance period (~19 to 30 years) under O&M Contracts and represents
change in the WACC, time value of discounted liability and impact of changes in future business plan projections
3. Includes impact of one time reversal of INR 244 Cr deferred tax liability (net of capital gains tax) in FY23 pursuant to voluntary liquidation of a subsidiary
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