Shalby Ltd

The domestic equity benchmarks traded with substantial gains in early afternoon trade, following gains in Asian markets. This came after the U.S. paused its planned tariffs on Canada and Mexico, which helped alleviate concerns about a potential global trade war. The Nifty traded above the 23,550 mark. Metal shares advanced after declining in past two consecutive trading sessions. At 12:30 IST, the barometer index, the S&P BSE Sensex, rallied 741.66 points or 0.97% to 77,928.40. The Nifty 50 index advanced 214.70 points or 0.92% to 23,575.75. In the broader market, the S&P BSE Mid-Cap index rose 0.78% and the S&P BSE Small-Cap index added 0.57%. The market breadth was strong. On the BSE, 2,317 shares rose and 1,428 shares fell. A total of 164 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 3.53% to 14.86. The Nifty 27 February 2025 futures were trading at 23,644.75, at a premium of 69 points as compared with the spot at 23,575.75. The Nifty option chain for the 29 February 2024 expiry showed maximum Call OI of 54 lakh contracts at the 24,000 strike price. Maximum put OI of 61.8 lakh contracts were seen at 23,000 strike price. Buzzing Index: The Nifty Metal index gained 1.58% to 8,283.60. The index fell 2.91% in past two consecutive trading sessions. Vedanta (up 3.52%), Jindal Stainless (up 3.03%), Steel Authority of India (up 2.74%), National Aluminium Company (up 2.53%), Hindustan Copper (up 2.45%), NMDC (up 2.22%), Hindalco Industries (up 2.17%), Ratnamani Metals & Tubes (up 1.81%), Welspun Corp (up 1.52%) and Adani Enterprises (up 1.05%) advanced. Stocks in Spotlight: Shalby slipped 4.17% after the company reported a consolidated net loss of Rs 1.81 crore for Q3 FY25, compared to a net profit of Rs 19.07 crore posted in Q3 FY24. However, revenue from operations jumped 27.6% YoY to Rs 275.63 crore in the quarter ended 31 December 2024. NLC India rallied 9.92% after the company's consolidated net profit surged 166.79% to Rs 668.09 crore on 39.41% rise in revenue from operations to Rs 4,411.41 crore in Q3 FY25 over Q3 FY24. Powered by Capital Market - Live

However, revenue from operations jumped 27.6% YoY to Rs 275.63 crore in the quarter ended 31 December 2024. Profit before tax was at Rs 12.35 crore in the third quarter of FY25, down 59.9% from Rs 30.81 crore posted in the same period a year ago. The company's consolidated EBITDA for Q3 FY25 was Rs 39.3 crore. During the quarter, the company's revenue from the healthcare services segment grew by 27.9% YoY to Rs 248.85 crore, while revenue from its implant manufacturing business increased by 24.4% YoY to Rs 26.77 crore. In Q3 FY25, the company had 646 occupied beds, with an inpatient count (including Day Care) of 22,369, reflecting a 7.9 YoY growth. The average revenue per occupied bed (ARPOB) stood at Rs 42,704, marking a 14.4% YoY increase. Shanay Shah, President, Shalby, said, 'The company has shown a decent consolidated performance in Q3'FY25 with a revenue of 281 crore with growth of 27.4% on y-o-y basis. The major growth has been contributed from our implant business and acquisition of Delhi NCR hospital in current calendar year. I'm pleased to announce that our hospital segment has maintained consistent performance across key operational metrics, witnessing a 7.9% rise in In-patient count (including day care) year-on-year in Q3 FY25. Notably, ARPOB and ALOS stood at Rs 42,704 and 3.62 respectively, in Q3 FY25, compared to Rs. 37,342 and 3.79 in the corresponding quarter of the previous year improved by 14.4% and 4.5% respectively. Our core specialties, including arthroplasty, onco-science, cardiac science, orthopaedics, critical care & general medicine, and neurology, collectively contributed 80% to the revenues in Q3 FY25. On a standalone performance, our revenue has grown by 13.3% to Rs 227 crore and EBITDA has grown marginally by 0.8% to Rs 48.8 crore with the EBITDA margin of 21.5% on YoY basis. Furthermore, our realized return on capital employed from the hospital business stood at 15% in Q3'FY25 on an annualized basis. As of the quarter's close, our net debt balance at the group level amounted to Rs 2,667 million, with a net cash balance of Rs 660 million at the standalone level, reinforcing our ability to support strategic growth initiatives. In January'25, Shalby Bone and Tissue Bank has been successfully inaugurated by our Hon'ble Union Home Minister of India, Shri Amit Shah, at our Krishna Shalby Hospital in Ahmedabad. Shalby has continued to achieve numerous milestones driven by clinical excellence and patient satisfaction, and we take pride in making a positive impact on people's lives.' Deepak Anand, global chief business officer, Shalby, said, During the third quarter of this financial year, our implant business made significant progress, generating revenues of Rs 269 million up by 25% YOY, with contributions from the USA and OUS at 33% and 67% respectively. We are actively focused on bolstering our team with skilled professionals, transitioning our sales mix to retail customers from wholesale, enhancing operational capacity and efficiency, expanding our product pipeline through extensive research and development efforts, and significantly reducing procurement costs. The reception of our Shalby Advanced Technology implants in hospitals across all markets that we have launched has been highly positive, and we have received additional orders from the South Asian market. Our strategic clinical trial agreement with Monogram Technology will also benefit SAT Inc. in expanding and growing internationally in other countries. With our key strategies firmly in place, our team is fully dedicated to executing these plans flawlessly. Shalby is well-positioned to achieve double-digit growth with sustainable profitability while also expanding and deepening our presence by opening up new geographies. These efforts will ultimately drive the creation of sustainable value for all stakeholders at Shalby.' Meanwhile, the company's board has approved the re-appointment of Dr. Vikram Shah as chairman and managing director of the company, based on the recommendation of the Nomination and Remuneration Committee and subject to the approval of shareholders. Shalby is the largest chain of multi-specialty hospitals in Western and Central India. It was founded by arthroplasty specialist, Dr. Vikram Shah. It performs more than 14,000 joint replacement surgeries a year and in the last 29 years, has performed more than 1,75,000 joint replacements. It operates under three main verticals, namely, hospital business, Shalby Orthopedics Centre of Excellence (SOCE) franchise and implant business. Powered by Capital Market - Live

Net loss of Shalby reported to Rs 1.81 crore in the quarter ended December 2024 as against net profit of Rs 19.07 crore during the previous quarter ended December 2023. Sales rose 27.58% to Rs 275.63 crore in the quarter ended December 2024 as against Rs 216.05 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales275.63216.05 28 OPM %12.3019.59 - PBDT28.6743.21 -34 PBT12.3530.81 -60 NP-1.8119.07 PL Powered by Capital Market - Live

Shalby will hold a meeting of the Board of Directors of the Company on 3 February 2025.Powered by Capital Market - Live

Duraniom is the company's primary total knee replacement device with TiNbN coating. Based on the safety and effectiveness data, the US drug regulator has determined the device is substantially equivalent to legally marketed predicate devices. Shalby is the largest chain of multi-specialty hospitals in Western and Central India. It was founded by arthroplasty specialist, Dr. Vikram Shah. It performs more than 14,000 joint replacement surgeries a year and in the last 29 years has performed more than 1,45,000 joint replacements. It operates under three main verticals, namely, hospital business, Shalby Orthopedics Centre of Excellence (SOCE) franchise and implant business. The company's consolidated net profit dropped 87.71% to Rs 3.39 crore despite 12.42% increase in revenue from operations to Rs 267.53 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

Net profit of Shalby declined 87.71% to Rs 3.39 crore in the quarter ended September 2024 as against Rs 27.58 crore during the previous quarter ended September 2023. Sales rose 12.42% to Rs 267.54 crore in the quarter ended September 2024 as against Rs 237.98 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales267.54237.98 12 OPM %12.2022.15 - PBDT30.5554.93 -44 PBT13.7042.63 -68 NP3.3927.58 -88 Powered by Capital Market - Live

Shalby announced that the 20th Annual General Meeting (AGM) of the company will be held on 26 September 2024.Powered by Capital Market - Live