Healthcare Company Records Impressive 59% Surge In Net Profit to Rs 138 Crore

Fortis Healthcare reported a net profit of Rs 138 crore in the Q4FY23, witnessing a substantial surge of 59% compared to the same quarter of the previous fiscal year.

In the same quarter the previous year, the healthcare service generated a net profit of Rs 87 crore.

Hospital revenues, which account for more than 80% of total income, climbed 29.7% year on year (YoY) to Rs 1,350 crore. Diagnostic revenue fell 13.3% year on year to Rs 292 crore due to reduced covid testing volumes.Both the quarter and year-to-date occupancy rates hit 67%, up from 59% and 63% in the prior quarters.

Fortis Healthcare's last BSE trading price is Rs 152.15 per share. The stock's 52-week high price is Rs 169.40 per share, and its 52-week low price is Rs 128.35 per share. The company's market capitalization is Rs 44,673.18 crore.