Fortis Malar Hospitals Ltd, a subsidiary of Fortis Healthcare (India) Ltd, has registered a 75 per cent year-on-year growth in net profit for the first quarter of financial year 2012 at Rs 1.11 crore (Rs 0.63 crore).

Its revenue grew 17 per cent to Rs 22.01 crore during the quarter ended June 30.

The growth was mainly driven by orthopaedics, neurosciences, renal sciences, obstetrics and gynaecology, oncology, and general surgery, said the company.

During the quarter, the company obtained shareholders' consent for monetisation of assets, mainly hospital infrastructure undertaking, including out-patient-department business and radio-diagnosis equipment, through sale, transfer or disposal to one of its group companies. This will release cash for expanding the company's reach and increasing number of adding beds.

Fortis Malar Hospitals has informed the Bombay Stock Exchange that the board of directors, at their meeting held on Wednesday, appointed Mr Aditya Vij as Chairman and Non-Executive Director effective from August 3.

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