Q3FY17 Results : Fortis Healthcare (India) Ltd,
Bhagyashree Vivarekar / 14 Feb 2017
The company reported a PAT figure of Rs. 15.65 crore which came in line with the PAT of the previous quarter at Rs 15.61 crore.
Fortis Healthcare Ltd. reported its results for the quarter ended December 31, 2016 on February 14.
The stock soared 5.25% during the results to close higher at Rs. 195.6. The consolidated revenue for this quarter, Q3FY17, came in at Rs. 1133 crore. This represents a 5.27 per cent sequential decline and 10.32 per cent YoY increase.
EBITDA for the recently concluded quarter amounted to Rs. 52 crore and the EBITDA margin stood at 4.59 per cent. This was driven by 10% and 35.4% qoq decline in cost of materials and hospital service fee respectively.
In terms of the bottom-line, the company reported a PAT figure of Rs. 15.65 crore which came in line with the PAT of the previous quarter at Rs 15.61 crore. This retreat in PAT growth as compared to EBIDTA growth was in the wake of 62.4% qoq increase in finance costs.
Fortis Healthcare (India) Ltd, is a chain of hospitals in India. This companys services include healthcare, telemedicin, research and corporate service.
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