FORTIS HEALTHCARE Announces Quarterly Results (1QFY20); Net Profit Up 221.7%

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FORTIS HEALTHCARE Announces Quarterly Results (1QFY20); Net Profit Up 221.7%
Wed, 7 Aug

FORTIS HEALTHCARE has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

FORTIS HEALTHCARE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m10,42011,84211,383-3.9%9.2%
Other incomeRs m28510019695.6%-31.4%
TurnoverRs m10,70611,94211,579-3.0%8.2%
ExpensesRs m10,34010,6929,960-6.8%-3.7%
Gross profitRs m921,1531,51831.7%1551.6%
DepreciationRs m56960071018.3%24.6%
InterestRs m764648509-21.5%-33.4%
Profit before taxRs m-956449511143.2%
TaxRs m-3381,826-257-114.1%
Profit after taxRs m-618-1,821752
Gross profit margin%0.99.713.3
Effective tax rate%35.441,495.5-52.0
Net profit margin%-5.8-15.36.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 9.2% on a year-on-year (YoY) basis. The expenses were down by 3.7% YoY during the same period.
  • The company's operating profit increased by 1551.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.3% in 1QFY20 as against 0.9% in 1QFY19.
  • Depreciation charges increased by 24.6% and finance costs declined by 33.4% YoY, respectively.
  • Other income declined by 31.4% YoY during the quarter.
  • Net profit for the quarter increased by 221.7% YoY. Net profit margins during the quarter increased from -5.8% in 1QFY19 to 6.5% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.8% QoQ during the same period.
  • The company's operating profit increased by 31.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.3% in 1QFY20 as against 9.7% in 4QFY19.
  • Net profit for the quarter increased by 141.3% QoQ, while net profit margins increased from -15.2% in 4QFY19 to 6.5% in 1QFY20.

To see how FORTIS HEALTHCARE has performed over the last eight quarters,please visit here.

FORTIS HEALTHCARE Share Price Performance

Over the last one year,FORTIS HEALTHCARE share price has moved down from Rs 146.3 to Rs 124.1, registering a Loss of Rs 22.2 or around 15.2%.

Overall, the S&P BSE SENSEX is down 1.9% over the year.

Current Valuations

At the current price of Rs 124.1, the price to book value (P/BV) ratio of FORTIS HEALTHCARE stands at 1.4 times.

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Apr 1, 2020 03:35 PM

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