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Hyderabad, October 30, 2023 : Rainbow Children’s Medicare Limited (RCML), India’s leading pediatric multi-specialty and perinatal care hospital chain, announced its financial results for the second quarter and the first half ended September 30, 2023.
The company recorded its highest ever Revenue and EBIDTA, despite a delayed onset of the monsoon and overall deficit in seasonal rainfall, showcasing robust progress in operational performance.
The current quarter, Q2 FY24, differs significantly from the same period last year due to the distinctive circumstances of Q2 FY23. In Q2 FY23, which marked the first year of post-COVID-19 normalcy, many children experienced acute pneumonia as they transitioned out of a protective environment after approximately two years. In that context, the current quarter has demonstrated a noteworthy level of resilience, which the company believes is likely to be more sustainable in the long term.
The company is happy to share that the newly established branch in Hyderabad’s Financial District has garnered substantial interest and is progressing in accordance with expectations.
In terms of clinical excellence, RCML is delighted to announce that OMR Hospital in Chennai has achieved NABH accreditation within first year of commencing its operations.
The coming five months of the current financial year are set to be a period of heightened activity for the company, as it is preparing to commission three new hospitals and an additional block at an existing hospital during this time.