Fortis Results
Fortis Healthcare Q3 results: Net profit jumps 89% to Rs 254 crore
Fortis Healthcare Ltd on Friday reported an 89 per cent jump in consolidated net profit to Rs 254.3 crore in the December quarter, boosted by exceptional item gains. The company had posted a consolidated net profit of Rs 134.23 crore in the same quarter last fiscal, Fortis Healthcare Ltd (FHL) said in a regulatory filing. Consolidated revenue from operations in the third quarter stood at Rs 1,928.26 crore against Rs 1,679.68 crore in the year-ago period, it added. During the quarter, the company had exceptional item gain of Rs 23.5 crore from the sale of Richmond Road Hospital, Bengaluru and Rs 30 lakh from reversal of allowance of interest accrued receivable from Fortis C Doc Healthcare Ltd, the filing said. Total expenses were higher at Rs 1,695.62 crore in the October-December quarter compared to Rs 1,515.58 crore in the corresponding period last fiscal, the company said. "We have continued our positive momentum in Q3 with the hospital business contributing approximately 84 per
 "Fortis Healthcare Q3 results: Net profit jumps 89% to Rs 254 crore")
Fortis Healthcare Q4 net profit jumps 40% to Rs 87 cr; revenue rises 10%
Fortis Healthcare Ltd on Wednesday reported a 40 per cent jump in consolidated net profit at Rs 87.03 crore in the fourth quarter ended March 31, 2022. The company had posted a consolidated net profit of Rs 62.36 crore in the same quarter of the previous fiscal, Fortis Healthcare said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 1,378.1 crore as against Rs 1,252,44 crore in the year-ago period, it added. Total expenses in the fourth quarter were higher at Rs 1,264.17 crore as compared to Rs 1,167.29 crore in the corresponding period a year ago. Fortis said it witnessed the impact of the COVID-19 pandemic in the first half of the quarter with occupancies witnessing a downturn. However, given the lesser severity of COVID and low hospitalisations, the business saw recovery towards the end of February and operations returned to normal in the month of March. While January saw an occupancy of 54 per cent, March witnessed a reb
 "Fortis Healthcare Q4 net profit jumps 40% to Rs 87 cr; revenue rises 10%")
Auditor raises red flag over Fortis results amid ongoing investigations
Fortis reported a net loss of Rs 236.1 million for the quarter ended September 30 compared with a profit of Rs 382.4 million a year ago
 "Auditor raises red flag over Fortis results amid ongoing investigations")
