Apollo Hospitals hits record ₹8,948 then fades as Q4 profit jumps 36% to ₹529 crore

Apollo Hospitals touched an all-time high before slipping negative despite strong Q4 results: net profit up 36% YoY to ₹529 crore, revenue up 18% to ₹6,605 crore, EBITDA up 31.5% to ₹1,011 crore at 15.3% margin. The Apollo 24x7 demerger and Keimed merger point to a consumer-facing omnichannel pharmacy and digital health retail play. Target ₹9,350.

— Source publishedTue, 7 Jul, 2026, 10:44 IST·First seen Tue, 7 Jul, 2026, 10:49 IST·Source Mint · Markets

What happened

Apollo Hospitals hit a record high before turning negative. Q4 net profit rose 36% to ₹529 crore. Its omnichannel pharmacy 24x7 demerger and Keimed merger

Key facts

  • ₹8,948.10 record high
  • net profit ₹529 crore up 36% YoY
  • revenue ₹6,605 crore up 18% YoY
  • EBITDA ₹1,011 crore up 31.5%
  • margin 15.3%
  • 8,131 beds
  • 68% occupancy
  • target ₹9,350

Why this matters

The Apollo 24x7 demerger plus Keimed merger reframes the story from hospitals to a consumer-facing digital health retail platform, opening pharmacy-scale M&A and partnership optionality that should be aggressively pursued while momentum is high.

What to watch

  • Apollo 24x7 demerger record/effective date and standalone valuation guidance
  • Keimed merger regulatory approvals and integration milestones
  • Sequential EBITDA margin trend and hospital occupancy/ARPOB metrics
  • Pharmacy segment losses narrowing or widening
  • FII/DII flow data and any block trades near ₹8,900-9,000
  • Analysts likely raise targets citing margin trajectory and omnichannel pharmacy TAM
  • Watch for institutional block deals and mutual fund position changes post-results
  • Management commentary on demerger timeline and Apollo 24x7 profitability path
  • Peer hospital chains (Max, Fortis, Narayana) may see sympathy moves