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Avnish Burman

Vaikarya Change LLP
APOLLOHOSP

Apollo Hospitals Enterprise Limited

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Apollo Hospitals Enterprise Limited CC-Feb25.pdf
11 Feb 2026
Open call
  1. Yes. Hi. Good afternoon. Thanks for taking my question. I just have a couple of questions on Keimed. We saw some good margin expansion this quarter on a Q -o-Q and a Y -o-Y basis. Can you just articulate what were the key reasons for that?

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  2. Okay. And because of the GST change that happened in September, did we see some kind of revenue push out from the 2Q to 3Q because I am guessing the retailers would be reducing inventories in 2Q and then building again in Q3. Does that happen? Or on a quar ter-wise basis, it was just normal Q2 and Q3 operations in revenue?

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  3. Okay, understood. Thanks. I will get back in the queue.

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