Fortis Healthcare reports consolidated net loss of Rs 179 crore in Q1

17 Aug 2020 Evaluate

Fortis Healthcare has reported results for the first quarter ended June 30, 2020.

The company has reported a fall of 95.78% in its net profit from continuing operation at Rs 19.90 crore for the quarter under review as compared to Rs 472.08 crore for the same quarter in the previous year. Total income of the company decreased by 81.97% at Rs 154.11 crore for Q1FY21 as compared Rs 854.73 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss from continuing operation attributed to owners at Rs 178.92 crore for the quarter under review against net profit of Rs 67.81 crore for the same quarter in the previous year. Total income of the company decreased by 47.28% at Rs 610.40 crore for Q1FY21 as compared Rs 1,157.87 crore for the corresponding quarter previous year.

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