Page 3 - Fortis Healthcare
Fortis Healthcare's Q3 profit after tax sees over twofold jump to Rs 142 cr
Fortis Healthcare on Friday said its consolidated profit after tax (PAT) rose by over twofold to Rs 142 crore in the third quarter ended December 31, 2021. The company had reported a PAT of Rs 54 crore in the corresponding period last fiscal. Its revenue during October-December 2021 rose to Rs 1,466.7 crore as compared with Rs 1,177 crore in the year-ago period, Fortis Healthcare said in a statement. "Our efforts to drive operations both in terms of revenue accretion and cost optimisation initiatives have yielded positive results as witnessed in the Q3 performance and over the past few quarters," Ravi Rajagopal, chairman (board of directors) of Fortis Healthcare, said. Strategic plans for further strengthening clinical specialities, medical programmes and infrastructure are actively being pursued, he added. "Investments in brownfield (existing) bed expansion should see the company add close to 250-300 beds each year for the next few years, taking our operational bed capacity to ov
 "Fortis Healthcare's Q3 profit after tax sees over twofold jump to Rs 142 cr")
Fortis parent IHH sued by US fund Emquore for $6.5 bn over 2018 takeover
IHH acquired a 31 per cent controlling stake in Fortis Healthcare in 2018 following a prominent bidding war against domestic and international companies.
 "Fortis parent IHH sued by US fund Emquore for $6.5 bn over 2018 takeover")
Conclude probe against ex-Fortis Healthcare promoter by Dec 15: SC to cops
The apex court now posted the matter for hearing on December 15
 "Conclude probe against ex-Fortis Healthcare promoter by Dec 15: SC to cops")
PM Narendra Modi launches health ID, digital record for citizens
Experts flag privacy concerns in absence of data protection law
 "PM Narendra Modi launches health ID, digital record for citizens")
Select pharma shares rally; Suven Pharma up 13%, Laurus nears record high
Healthcare companies to post decent growth in revenues in Q3FY21
 "Select pharma shares rally; Suven Pharma up 13%, Laurus nears record high")
Fortis Healthcare net falls 88% to Rs 16 crore in September quarter
The company had posted a net profit of Rs 124.04 crore for the corresponding period of the previous fiscal
 "Fortis Healthcare net falls 88% to Rs 16 crore in September quarter")
WF Asian sells Fortis Healthcare shares worth over Rs 50 crore
WF Asian Smaller Companies Fund Ltd on Monday sold shares of Fortis Healthcare Ltd worth over Rs 50 crore through an open market transaction.
Fortis to be renamed Parkway to distance itself from Singh brothers
License agreement of Fortis, SRL brands expire in 2021
Fortis Healthcare reports loss of Rs 187 cr, intends to rebrand as Parkway
Its consolidated income from operations stood at Rs 605.95 crore for the quarter under consideration
Fortis Q3 net loss narrows to Rs 69.32 cr on good show in hospital business
The third quarter of 2019-20 continues to witness earnings growth with margin expansion in the hospitals business
 "Fortis Q3 net loss narrows to Rs 69.32 cr on good show in hospital business")
Sebi to tighten open offer norms, proposes 10% interest in case of delay
The market regulator said for share acquisition, bulk deals more transparent than off-market route
 "Sebi to tighten open offer norms, proposes 10% interest in case of delay")
Religare Finvest gets relief from appellate tribunal in fund diversion case
Tribunal pulls up Sebi for passing contradicting orders
 "Religare Finvest gets relief from appellate tribunal in fund diversion case")
No collusion with former promoters of Fortis Healthcare, says IHH
IHH acquired 31 per cent stake in Fortis last July, after a four-month bidding war involving rival hospital chains and private equity firms
Court extends ED custody of Malvinder Singh, Sunil Godhwani till Nov 23
The ED had arrested Singh and Godhwani in the money laundering case on November 14
SC holds Malvinder, Shivinder guilty of contempt in Daiichi Sankyo case
Daiichi Sankyo has alleged the brothers created encumbrances on 1.2 million shares of Fortis in violation of court orders
 "SC holds Malvinder, Shivinder guilty of contempt in Daiichi Sankyo case")
RFL case: ED arrests ex-Fortis Healthcare promoter Malvinder Singh
ED took the accused in its custody inside the Tihar central jail here
 "RFL case: ED arrests ex-Fortis Healthcare promoter Malvinder Singh")
RFL case: Singh brothers said Rs 1,000 crore siphoned off, EOW tells court
The submission was made before Chief Metropolitan Magistrate Deepak Sherawat who extended by two days the police custody of the Singh brothers and Sunil Godhwani, the former chairman and MD of REL
YES Bank completely exits Fortis Healthcare, sells 6.6% stake in bulk deal
YES Bank had become Fortis's biggest shareholder with an approximate 17% stake
 "YES Bank completely exits Fortis Healthcare, sells 6.6% stake in bulk deal")
Top 10 biz headlines: PM to take call on stimulus, exports recover & more
From the finance ministry briefing PM Modi about the economic situation to merchandise exports recovering a bit, here are the top business headlines for Thursday
 "Top 10 biz headlines: PM to take call on stimulus, exports recover & more")
Fortis files suit to recover Rs 520 crore from Malvinder, Shivinder Singh
In October, the Sebi had directed Fortis to take necessary action to recover Rs 403 cr from Singh brothers