Fortis Healthcare sees strong growth in hospital revenues in Q2FY23

Fortis Healthcare has posted 9.9 per cent growth in revenues to Rs 1,607 crore and  a 27.9 per cent rise in profit after tax (before exceptional items) to Rs 166 crore in the second quarter of the fiscal year.

Reported profit after tax has shown a higher growth of 67 per cent to Rs 218 crore. Q2FY23 and H1FY23 include an exceptional gain of Rs 51.6 crore, which pertains to reversal of impairment in an associate Company.

Q2FY23 hospital business revenues stood at Rs 1,297 crore versus Rs 1,098.5 crore in Q2FY22 and Rs 1,192.4 crore in Q1FY23. Hospital revenues increased 18.1