HEADLINES:
July 08 2020
Fortis Healthcare Q4 net loss widens to ₹914 crore
27 June 2018

Beleaguered Fortis Healthcare reported widening of its consolidated net loss to ₹914.32 crore for the fourth quarter ended March 2018, mainly on account of continuing business challenges. The company had posted a net loss of ₹37.52 crore for the corresponding period of the previous fiscal, Fortis Healthcare said in a BSE filing.

Consolidated income from operations stood at ₹1,086.38 crore for the quarter under consideration. It was ₹1,123.43 crore for the same period a year ago.

For the fiscal year ended March, the company posted a net loss of ₹934.42 crore. It was Rs 479.29 crore for the previous fiscal year.

Consolidated income from operations of the company stood at ₹4,560.81 crore for the fiscal, from ₹ 4,573.71 crore in 2016-17.

“Net profit for the year negatively impacted by continuing business challenges, impairments and provisions,” Fortis Healthcare said.

Shares of Fortis Healthcare were today trading at ₹135.15 per scrip in morning trade on BSE, up 0.48 % from its previous close.

 

 

Related Stories