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FORTIS HEALTHCARE Announces Quarterly Results (2QFY19); Net Profit Down 1198.1%

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FORTIS HEALTHCARE Announces Quarterly Results (2QFY19); Net Profit Down 1198.1%
Mon, 12 Nov

FORTIS HEALTHCARE has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

FORTIS HEALTHCARE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m11,97210,42011,3999.4%-4.8%
Other incomeRs m371285107-62.6%-71.3%
TurnoverRs m12,34310,70611,5067.5%-6.8%
ExpensesRs m10,90710,34010,7073.6%-1.8%
Gross profitRs m1,19592-269-392.3%-122.5%
DepreciationRs m607569559-1.9%-7.9%
InterestRs m66076484610.8%28.2%
Profit before taxRs m299-956-1,567-623.9%
TaxRs m170-338-147-186.6%
Profit after taxRs m129-618-1,420-1198.1%
Gross profit margin%10.00.9-2.4
Effective tax rate%56.835.49.4
Net profit margin%1.0-5.8-12.3
* 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 fell 4.8% on a year-on-year (YoY) basis. The expenses were down by 1.8% YoY during the same period.
  • The company's operating profit declined by 122.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.4% in 2QFY19 as against 10.0% in 2QFY18.
  • Depreciation charges declined by 7.9% and finance costs increased by 28.2% YoY, respectively.
  • Other income declined by 71.3% YoY during the quarter.
  • Net profit for the quarter declined by 1198.1% YoY. Net profit margins during the quarter declined from 1.0% in 2QFY18 to -12.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.6% QoQ during the same period.
  • The company's operating profit declined by 392.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.4% in 2QFY19 as against 0.9% in 1QFY18.
  • Net profit for the quarter declined by 129.8% QoQ, while net profit margins declined from -5.8% in 1QFY18 to -12.3% in 2QFY19.

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 up from Rs 134.7 to Rs 140.0, registering a Gain of Rs 5.4 or around 4.0%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 140.0, the price to book value (P/BV) ratio of FORTIS HEALTHCARE stands at 1.6 times.

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May 24, 2019 (Close)

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