Apollo Hospitals, Max Healthcare report strong Q1 results, beating estimates

India's top hospital chains, Apollo Hospitals and Max Healthcare, reported strong earnings for the June quarter, exceeding analyst expectations. Apollo's consolidated sales grew 21% year-on-year, with its hospital segment up 22%, while Max Healthcare's revenue jumped 15.3%. Apollo's operating margin expanded 92 basis points to 15.5%, driven by better case mix and lower digital business losses.