Krishna Institute of Medical Sciences (KIMS), a prominent healthcare provider in India, is making significant strides in enhancing healthcare accessibility and quality. Founded in 2000 by Dr. Bhaskar Rao Bollineni, KIMS operates multiple hospitals and healthcare facilities across several states. Their recent expansion includes a gastro sciences hospital in Vishakhapatnam and the introduction of “KIMS Cuddles” for mothers and children in Nagpur and Vishakhapatnam. Financially, KIMS reported impressive Q1 FY24 results, reflecting their commitment to healthcare excellence. With a focus on innovation and rare medical procedures, KIMS is not only improving healthcare infrastructure but also changing lives across urban and rural India.
Stock Data
| Ticker | KIMS |
| Industry | Hospital |
| Exchange | NSE |
Share Price
| Last 5 Days | -1.8% |
| Last 1 Month | -10% |
| Last 6 Months | 31.9% |
Business Basics
Krishna Institute of Medical Sciences, is a leading healthcare service provider in India, headquartered in Hyderabad. The company was founded in 2000 by Dr. Bhaskar Rao Bollineni, and currently operates multiple hospitals and healthcare facilities across Andhra Pradesh, Telangana, Karnataka, and Maharashtra. KIMS offers a wide range of medical services, including general medicine, surgery, cardiology, neurology, nephrology, orthopedics, and oncology, among others. The company has a team of highly qualified and experienced doctors, nurses, and medical staff, and is known for its state-of-the-art infrastructure, advanced medical equipment, and patient-centric approach.
In addition to its hospital services, KIMS also operates a pharmacy chain, diagnostic centers, and telemedicine services, which allows patients to consult with doctors remotely. The company has also established partnerships with several leading healthcare organizations, both in India and abroad, to enhance its service offerings and improve patient outcomes. With a commitment to providing affordable and accessible healthcare to all, KIMS is well-positioned for continued growth and success in the Indian healthcare industry.
Q1 FY24 Financial Performance
Krishna Institute of Medical Sciences reported Revenues for Q1FY24 of ₹606 Crores up from ₹496 Crore year on year, a rise of 22.18%. Consolidated Net Profit of ₹87 Crores up 10.13% from ₹79 Crores in the same quarter of the previous year. The Earnings per Share is ₹10.10, up 15.56% from ₹8.74 in the same quarter of the previous year.
KIMS Unveils Expansion and Initiatives
In a significant stride towards enhancing healthcare accessibility and quality, the renowned healthcare institution, KIMS (Krishna Institute of Medical Sciences), has recently unveiled a series of groundbreaking expansion projects and innovative healthcare initiatives. The highlight of this remarkable development is the inauguration of an exclusive single specialty hospital dedicated to gastro sciences in Vishakhapatnam, Andhra Pradesh, which is poised to cater to the growing healthcare needs of the region.
Adding to the list of achievements, KIMS has also introduced its highly acclaimed “KIMS Cuddles” brand for mothers and children in both Nagpur and Vishakhapatnam. This expansion aims to provide top-notch medical care and support for mothers and infants, further solidifying KIMS’ reputation as a leader in comprehensive healthcare solutions.
In an encouraging move for shareholders and the healthcare industry, KIMS has reported a positive performance in the first quarter, with optimistic expectations for improved performance in the upcoming quarters. These expansions and initiatives signify KIMS’ unwavering commitment to advancing healthcare standards and making quality medical services accessible to a broader population. Stay tuned for more updates on KIMS’ remarkable journey towards a healthier future.
Hospital Bed Availability in India
Access to beds per 1000 people is an essential metric when assessing the healthcare infrastructure and living standards of a country. The shortage of hospital beds in India has been a long-standing issue, and it became particularly evident during the COVID-19 pandemic when many regions faced severe bed shortages. In some densely populated areas, the number of available beds per 1000 people might be below the World Health Organization’s recommended minimum of 3.5 beds per 1000 people.
In India, the number of hospital beds only 0.5 per 1000 people, which is relatively lower compared to many developed countries. Efforts are ongoing in India to improve healthcare infrastructure and increase the number of hospital beds to meet the growing healthcare needs of its population. KIMS, has significant presence across three states in India: Maharashtra, Andhra Pradesh, and Telangana. In Maharashtra, the institution operates with a substantial capacity, offering a total of 334 beds. In Andhra Pradesh, KIMS has a notably larger presence, with a total of 1914 beds. Similarly, in Telangana, KIMS maintains a robust presence with a total of 1727 beds, further solidifying its position as a healthcare leader in the region. Moreover, KIMS’s expansion plans are noteworthy, with new hospitals under construction in Nashik and Bengaluru, contributing to the overall betterment of healthcare infrastructure in India.
KIMS’ Medical Milestones
KIMS presented a series of rare and pioneering medical procedures carried out at various centers across Tier 2 and Tier 3 towns, emphasizing their commitment to expanding medical access to both urban and rural populations. In a groundbreaking first, KIMS Kingsway in Nagpur performed an awake bypass surgery on a 72-year-old man, demonstrating extraordinary surgical expertise without the use of general anesthesia. An 11-month-old infant, Anushree, became Central India’s youngest cochlear transplant recipient at KIMS Kingsway, Nagpur, restoring her hearing capabilities. KIMS successfully treated a premature baby suffering from a rare CMV infection, showcasing expertise in handling multiple complications during a 90-day neonatal intensive care unit stay. KIMS Cuddles, Vizag, achieved a milestone by successfully conducting complex heart surgery within 30 hours of a neonate’s birth, offering a new lease of life.
KIMS Icon performed a life-saving kidney and liver transplant on a 50-year-old patient, showcasing advanced capabilities in organ transplantation. KIMS Anantapur undertook a rare and challenging surgery free of cost under the Aarogyasri scheme, emphasizing the importance of accessible healthcare. KIMS doctors devised a special strategy to treat a woman suffering from severe cardiac rhythm disorders, enabling her to walk the next day. It also accomplished the youngest kidney transplant in its history, highlighting the power of organ donation and successful transplantation from a pediatric donor.
A complex pancreatic surgery was performed laparoscopically at KIMS Kondapur, ensuring quicker recovery and improved quality of life. A complex 8-hour surgery restored a patient’s ability to stand erect and regain dignity, eliminating a longstanding deformity. KIMS Kurnool successfully treated a rare inflammatory pseudotumor case, offering relief to the patient. KIMS Kurnool also treated a 19-year-old boy suffering from the rare NORSE disease, showcasing expertise in handling devastating conditions. Doctors at KIMS Kurnool performed a complicated surgery to remove a hemangioma around a woman’s liver, addressing internal bleeding. An 8-day-old baby was successfully treated for renal failure and seizures through peritoneal dialysis, highlighting the institution’s commitment to infant healthcare.