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Metropolis’s Q2 shows a good revival in non-covid business

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Metropolis Healthcare Ltd saw its non-covid revenue touch nearly 85% of last year’s level in the second quarter. While growth in revenue from coronavirus testing has been quite decent, overall revenue grew well at 29% year-on-year.

This, coupled with decent cost savings, has helped the stock rise 2% above its pre-covid highs.Metropolis has covered good ground on non-covid revenue in recent months, which could rebound to over pre-covid levels in the third quarter, say analysts.

On the other hand, the volume of covid tests has begun to reduce on a monthly basis given the moderation in covid cases.Patient visits have increased over last year’s levels, which is encouraging.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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