Madhavbaug's PAT up 785 per cent in FY22
The
company is planning to tie up with over 30 insurance company to its facilitate
patients
Madhavbaug,
brand of Vaidya Sane Ayurved Laboratories Ltd, a specialist in treating and
reversing cardiac related ailments through their Ayurvedic treatment and
therapies, reported a whopping 785 per cent growth in net profit after tax
(PAT) in FY2021-22 despite facing Covid related lockdowns in the initial few
months. Madhavbaug’s net profit stood at Rs 3.46 crore in FY
22 as compared to Rs 39 lakhs in FY21.
Madhavbaug, which operates 272 clinics and 2 hospitals spread
across eight states in India saw its gross revenue increase to Rs 75.04 crore
in FY22, a 43 per cent rise from Rs 52.37 crore in FY 21 while its EBIDTA grew
66 per cent from Rs 4.36 crore to Rs 7.25 crore during the same period.
The
robust all-round performance came on the back of solid double-digit growth
witnessed across its treatment verticals amidst a surge in the number of
patients seeking ayurvedic remedies underscoring the growing relevance,
acceptability and efficacy of the traditional line of treatment.
“I am
happy to announce that Madhavbaug has shown remarkable business performance in
FY21-22 achieving pre-covid turnover with strong contribution from all over
segments after overturning barriers like lockdowns in initial months of the
year. Both our clinics, which include company owned as well as Franchise owned
clinics along with hospitals, have recorded highest ever revenues and EBIDTA.
During this reporting period, we continued to focus on collaboration with
industry market player across our businesses with view to efficient patient
services and to drive future growth,” said Dr Rohit Sane, MD & CEO, Vaidya Sane
Ayurved Laboratories Ltd (Madhavbaug).
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