Fortis Healthcare’s Consolidated Net Profit Rises 2.9% In March Quarter

Fortis Healthcare Ltd.’s consolidated net profit for the March quarter rose 2.9% on year to ₹1.84 billion. Revenue from operations for the quarter increased 12.4% to ₹20.07 billion. Sequentially, net profit fell 25.8%, while revenue rose 4.1%.

Analysts had estimated the company’s consolidated net profit at ₹2.08 billion.

Other income rose to ₹198 million from ₹98 million a year ago. Total expenditure, including finance cost, was ₹17.42 billion, compared with ₹15.32 billion a year ago. Finance cost surged 94.8% on year to ₹676 million.

The company incurred a one-time loss of ₹536 million during the quarter.

Tax outgo for the March quarter was ₹485 million, down from ₹682 million a year ago.

For 2024-25, net profit jumped 29.3% on year to ₹7.74 billion, while revenue rose 12.9% to ₹77.83 billion.
The company will pay a final dividend of ₹1 per share for 2024-25.