You are here » Home » Companies » Company Overview » Fortis Malar Hospitals Ltd

Fortis Malar Hospitals Ltd.

BSE: 523696 Sector: Health care
NSE: N.A. ISIN Code: INE842B01015
BSE 00:00 | 20 Mar 55.05 0.05
(0.09%)
OPEN

55.80

HIGH

55.80

LOW

55.05

NSE 05:30 | 01 Jan Fortis Malar Hospitals Ltd
OPEN 55.80
PREVIOUS CLOSE 55.00
VOLUME 2001
52-Week high 67.65
52-Week low 48.00
P/E 41.70
Mkt Cap.(Rs cr) 103
Buy Price 55.10
Buy Qty 500.00
Sell Price 56.25
Sell Qty 100.00
OPEN 55.80
CLOSE 55.00
VOLUME 2001
52-Week high 67.65
52-Week low 48.00
P/E 41.70
Mkt Cap.(Rs cr) 103
Buy Price 55.10
Buy Qty 500.00
Sell Price 56.25
Sell Qty 100.00

Fortis Malar Hospitals Ltd. (FORTISMALAR) - Chairman Speech

Company chairman speech

Dear Shareholders

It gives me great pleasure to present the results of your Company for the year endedMarch 31 2018.

Over the years Fortis Malar Hospital Chennai has carved a name for itself as aglobal institution of excellence in healthcare. This has been made possible entirely bythe wholehearted dedication and commitment of some of the finest clinicians nursesparamedics support staff and hospital administrators in the country. Together theseextraordinary people give their best every day so that we can live up to our promise ofensuring excellent clinical outcomes whilst delivering world-class compassionate care. Itake this opportunity to thank these wonderful people for their contribution towardsbuilding this remarkable institution.

I am pleased to share that your hospital continued to deliver spectacular clinicaloutcomes across all specialities. The Heart Failure and Transplant Programme inparticular has made the country proud by conducting around 250 transplants making it oneof the largest heart transplant programmes in South East Asia. Your hospital alsocompleted a successful Heart Transplant on the oldest (80 years old) recipient in India.The survival rates of post-transplant patients are comparable with the best in the world.This is extremely creditable and reflective of the superlative medical expertise at thehospital. Clinicians across all other specialities such as Neurology Obstetrics &Gynaecology Orthopaedics and Gastroenterology to name a few have also deliveredoutstanding results.

Your hospital continued to provide greater relief to patients by launching several newprogrammes and initiatives such as All Women’s Clinic with an exclusive all womenteam of consultants to cater to the needs of women’s health issues. Your hospital hascompleted around 500 kidney transplants making Fortis Malar Hospital a formidable Urologycentre.

During the year Annual Revenue grew by 6% to Rs. 149.19 Crores from Rs. 140.56Crores in the previous financial year. Profit before exceptional and extraordinary itemswas Rs. 5.59 Crores compared to Rs. 4.47 Crores in the previous financial year. Net profitafter tax was Rs. 3.32 Crores compared to Rs. 3.11 Crores in the previous financial year.Price capping of Cardiac stents and Orthopaedic implants has impacted the profitability ofthe Company in the current financial year. The average revenue per occupied bed (ARPOB)continued its upward trend of the past few years increasing from Rs. 155 Lakhs in FY 2017to Rs. 173 Lakhs in FY 2018. The average length of stay (ALOS) increased from 3.39 days inFY 2017 to 4.00 days in FY 2018.

These numbers reflect the fact that in spite of very challenging circumstances yourhospital has been able to put up a creditable performance. More importantly our focus onpatient care remains uncompromised.

Apart from delivering world-class healthcare Fortis Malar is proud to have played astellar role as a responsible corporate citizen. Your hospital has been participating inthe Swachh Fortis initiative aimed at ensuring clean and hygienic surroundings. Everymonth our staff members join hands to clean up various localities in the neighbourhood.Offering Basic Life Support training to citizens is another way your hospital iscontributing towards creating a healthy society. Numerous health camps and awarenesscampaigns were held through the year as part of our commitment towards "saving andenriching lives."

In conclusion I would like to thank all our shareholders doctors nurses paramedicsstaff members and other stakeholders for their continued support through the year. I amsure that with your support we will continue to serve our patients with renewed vigourand zeal in the years to come.

With Best Wishes and Warm Regards

Daljit Singh

Chairman

Fortis Malar Hospitals Limited