The hospital will offer state-of-the-art care in over 20 different medical sub-disciplines, such as cardiology, neurology, orthopaedics, transplantation (kidney, liver, lung, and heart), gastrointestinal, thoracic, and thoracic surgery. According to the firm, the hospital will also have a Comprehensive Cancer Care centre, providing patients with access to a full spectrum of cancer services.

Medanta’s footprint in the Delhi Metropolitan Area would be bolstered by this new building. Medanta’s 1,391-bed flagship hospital in Gurugram, its soon-to-be-built 550-bed facility in Noida, and the future hospital in South Delhi will all function as one unified entity under the company’s management.

“Medanta’s new hospital will deliver the highest standard of clinical excellence and compassionate care to the people of Delhi. It will house state-of-the-art surgical procedures for a wide range of medical conditions under one roof, according to the same high standards for patient quality and safety that have made Medanta famous. According to Dr. Naresh Trehan, Chairman and Managing Director of Global Health Limited, “it will also become a one-stop solution for all types of cancer treatments, and will benefit a large swath of patients not only in Delhi, but across Uttar Pradesh, Haryana, Rajasthan, and other neighbouring states.”

We’re thrilled to be a part of building a top-tier hospital in South Delhi, a neighbourhood with deep ties to the company’s history. Rajiv Singh, Chairman of DLF Ltd., claimed that the new hospital would “strengthen the medical infrastructure in Delhi and further strengthen DLF’s deep commitment to improving the quality of life for NCR residents.”

Global Health Limited is one of the major private multi-specialty tertiary care providers in the North and East areas of India. It was founded by Dr. Naresh Trehan, a world-renowned cardiovascular and cardiothoracic surgeon. The organisation operates a chain of hospitals known as Medanta in five cities across India: Gurugram, Indore, Ranchi, Lucknow, and Patna. As of June 30, 2023, its hospitals will have 2,725 operating beds spread across a total space of 4.7 million square feet. There is currently one hospital being built in Noida.

DLF has constructed over 340,000,000 square feet of real estate over more than 158 separate projects. DLF Group is sitting on about 215 msf of untapped potential across the residential and commercial markets. They have an annuity portfolio of over 42 msf.

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Retired firm chairman Kushal Pal Singh sold 1.45 crore shares on the BSE, representing 0.59 percent of paid-up equity, according to bulks trade data.

At an average price of Rs 504.21 per share, the aforementioned stock transaction brought in a total of Rs 730.87 crore. The entire market value of DLF was 1.24 quadrillion rupees.

As of June 2023, 74.95 percent of the real estate firm’s stock was owned by the promoter or promoter group.

On the National Stock Exchange, DLF shares closed at Rs 499.70, down 3.7% on heavier volumes, but have found support at the 21-day EMA (exponential moving average positioned at Rs 499).

Meanwhile, DLF’s consolidated profit for the quarter ended June FY23 increased by 12.2% year-on-year to Rs 528 crore last week despite weak operating margin, thanks to a decline in finance cost & other expenses and an increase in other income.

Despite new sales bookings of Rs 2,040 crore, consolidated revenue from operations for the quarter fell 1.3% year-over-year to Rs 1,423.2 crore.

Margin decreased by 90 basis points (bps) to 27.8 percent in Q1FY24 as EBITDA (earnings before interest, tax, depreciation, and amortisation) dropped by 4.2 percent year-on-year to Rs 396.2 crore.

DLF stated that it was still concentrating on boosting its financial stability and cash flow. “Thanks to our diligent collection efforts, our net debt decreased even further throughout the quarter. As a result, “net debt has been reduced to its lowest ever at Rs 57 crore,” the statement stated.

DLF Cyber City Developers, the commercial properties developer and flagship company of the DLF Group, reported a profit of Rs 391 crore in the June FY24 quarter, a 21 percent year-on-year increase. The company’s annual consolidated sales of Rs 1,412 crore represents an increase of 12% year over year.

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