Apollo Hospitals Enterprise has posted a net profit of Rs. 83.24 crore for the second quarter ended September 30, 2012 as compared to Rs. 55.76 crore in the same period in the previous year.

Total income rose to Rs. 850.69 crore from Rs. 706.13 crore in the year-ago period. During the quarter, the company allotted 32.77 lakh equity shares of Rs. 5 each to Dr. Prathap C. Reddy, promoter of the company, at a price of Rs. 472.46 per share. The company has transferred seven of its clinics through a slump sale arrangement to its fully-owned subsidiary ‘Apollo Health and Lifestyle Limited’.

The company divested one-third of its equity investment in British American Hospitals Enterprise, and the profit of Rs. 1.83 crore arising out of the disinvestment was included in other income.

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