Fortis Healthcare net profit declines 88 percent at Rs 15.47 crore in Q2
Fortis Healthcare MD and CEO Ashutosh Raghuvanshi said, "We are quite encouraged by the pick up in business momentum as reflected in the results for Q2FY21.";
New Delhi: Fortis Healthcare on Thursday reported an 87.52 percent decline in its consolidated net profit to Rs 15.47 crore for the quarter ended September.
The company had posted a net profit of Rs 124.04 crore for the corresponding period of the previous fiscal, Fortis Healthcare said in a filing to BSE.
Consolidated revenue from the operations stood at Rs 994.70 crore for the quarter under consideration. It was Rs 1,212.17 crore for the same period a year ago, it added.
For the second quarter of FY21, hospital business revenues were at Rs 746.3 crore as against Rs 972.3 crore earlier, Fortis Healthcare said.
"Q2 FY21 diagnostics business gross revenues at Rs 282.4 crore, versus Rs 276.6 crore in Q2 FY20," it added.
The company in the quarter witnessed gradual signs of recovery and uptick in performance as the number of COVID-19 cases in India reflected a declining trend, Fortis said.
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