Comments
Fortis Healthcare has registered a slowdown in profit during the first quarter of this fiscal. The company’s consolidated net profit dipped 10 per cent during the quarter ended June 30, 2017, at ₹22.61 crore compared with ₹25.26 crore in the same quarter of the previous fiscal.
The healthcare giant, however, recorded a 5 per cent increase in total income at ₹1,214.22 crore.
In a statement Bhavdeep Singh, Chief Executive Officer (CEO), said: “We have had an encouraging start to the year with an improvement in our financials and a healthy growth in our operating profitability. In the subsequent quarters, we believe we will witness additional gains as we reinforce our efforts and initiatives across all regions.”
Fortis currently has a net debt of ₹1,216 crore.
On Friday, the company’s scrip closed 1.37 per cent higher at ₹165.95 on the BSE.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.