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Fortis Healthcare's Q1 net loss widens by 37 percent

Fortis Healthcare on Thursday reported an increase of 37 percent in its net loss of the first quarter (Q1) of the current fiscal.

The company posted a net loss of Rs.16.70 crore for the quarter ended June 30, 2015 from Rs.12.16 crore for the corresponding quarter of 2014-15.

The firm's total income decreased by 5.42 percent at Rs.196.09 crore for the quarter under review from Rs.207.34 crore for the like period of 2014-15.

On a consolidated-basis the company posted a net profit of Rs.87.28 crore for the quarter under review from a net loss of Rs.45.80 crore for the corresponding period of last fiscal.

The total income grew by 3.42 percent at Rs.1,081.33 crore for the quarter ended June 30, 2015 from Rs.1,045.51 crore posted in the Q1 of 2014-15.

The company's scrip at the Bombay Stock Exchange (BSE) rose 1.54 percent at Rs.194.90 from Rs.191.95 per equity share.