Apollo Hospitals Enterprise Ltd.

The Apollo Hospitals Group will hive off its pharmacy business into a separate entity in the next 18 months. Apollo's pharmacy division registered sales worth Rs 661 crore in 2010-11 as against Rs 485 crore in the previous year. It made a loss of Rs 4.27 crore in the year, lower than the loss of Rs 15.68 crore it reported in the previous year. It was during the last quarter of 2010-11, the company reported profit of Rs 61 lakh when compared with a loss of Rs 1.49 crore in the comparable quarter the previous year.