Fortis Healthcare Q1FY24 Results: Consolidated PAT Drops of Rs. 111.76 Cr

Fortis Healthcare Q1FY24 Results: Consolidated PAT Drops of Rs. 111.76 Cr

Fortis Healthcare Q1 results show revenue up from 1656.49 crores to 1665.55 crores, a 0.55% increase in growth. EPS down from ₹1.76 to ₹1.48, down by -15.91%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Fortis Healthcare shared its Q1 results on Friday. They earned 1665.55 crores in revenue this quarter, but that’s more than the 1656.49 crores they made last quarter. The company’s growth increased by 0.55 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 111.76 crores, down from 132.55 crores in the previous quarter. Their quarter-to-quarter growth decreased by -15.68 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹1.48, which is a decrease of -15.91% from the ₹1.76 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 1665.55 crores this year (2023), which is 10.41 percent higher than last year’s total revenue of 1508.55 crores.

This year’s PAT (Profit After Tax) is 111.76 crores, which is also -8.58% lower than last year’s PAT of 122.25 crores.

The EPS (Earnings Per Share) for this year is ₹1.48, which is -8.64% less than the EPS of ₹1.62 earned last year.

Also Read: Alembic Pharma Q1FY24 Results: Consolidated PAT of Rs. 120.60 Cr

Fortis Healthcare Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Fortis Healthcare:

Fortis Healthcare Limited is a well-known Indian multinational chain of private hospitals with its headquarters located in India. The company initiated its healthcare operations in Mohali, Punjab, where the first Fortis hospital was established.

Download the Full PDF of Fortis Healthcare Q1 Results: Click Here

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