FORTIS HEALTHCARE Announces Quarterly Results (3QFY19); Net Profit Down 869.4%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

FORTIS HEALTHCARE Announces Quarterly Results (3QFY19); Net Profit Down 869.4%
Fri, 22 Feb

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

FORTIS HEALTHCARE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m11,20711,39911,033-3.2%-1.6%
Other incomeRs m426107432306.0%1.5%
TurnoverRs m11,63311,50611,465-0.4%-1.4%
ExpensesRs m10,69110,70710,653-0.5%-0.4%
Gross profitRs m1,078-269-897-183.2%
DepreciationRs m5905596017.7%1.9%
InterestRs m6328461,11031.2%75.6%
Profit before taxRs m282-1,567-2,175-871.1%
TaxRs m26-147-204-888.8%
Profit after taxRs m256-1,420-1,971-869.4%
Gross profit margin%9.6-2.4-8.1
Effective tax rate%9.29.49.4
Net profit margin%2.2-12.3-17.2
* 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 1.6% on a year-on-year (YoY) basis. The expenses were down by 0.4% YoY during the same period.
  • The company's operating profit declined by 183.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.1% in 3QFY19 as against 9.6% in 3QFY18.
  • Depreciation charges increased by 1.9% and finance costs increased by 75.6% YoY, respectively.
  • Other income increased by 1.5% YoY during the quarter.
  • Net profit for the quarter declined by 869.4% YoY. Net profit margins during the quarter declined from 2.2% in 3QFY18 to -17.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.5% QoQ during the same period.
  • The company's operating profit declined by 233.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.1% in 3QFY19 as against 2.4% in 2QFY18.
  • Net profit for the quarter declined by 38.8% QoQ, while net profit margins declined from -12.3% in 2QFY18 to -17.2% in 3QFY19.

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 146.3 to Rs 136.3, registering a Loss of Rs 10.1 or around 6.9%.

Overall, the S&P BSE SENSEX is up 6.0% over the year.

Current Valuations

At the current price of Rs 136.3, the price to book value (P/BV) ratio of FORTIS HEALTHCARE stands at 1.6 times.

Equitymaster requests your view! Post a comment on "FORTIS HEALTHCARE Announces Quarterly Results (3QFY19); Net Profit Down 869.4%". Click here!

  

Related Views on News

FORTIS HEALTHCARE Announces Quarterly Results (3QFY20); Net Profit Up 62.7% (Quarterly Result Update)

Feb 19, 2020 | Updated on Feb 19, 2020

For the quarter ended December 2019, FORTIS HEALTHCARE has posted a net profit of Rs 735 m (up 62.7% YoY). Sales on the other hand came in at Rs 12 bn (up 6.0% YoY). Read on for a complete analysis of FORTIS HEALTHCARE's quarterly results.

FORTIS HEALTHCARE 2018-19 Annual Report Analysis (Annual Result Update)

Oct 18, 2019 | Updated on Oct 18, 2019

Here's an analysis of the annual report of FORTIS HEALTHCARE for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of FORTIS HEALTHCARE. Also includes updates on the valuation of FORTIS HEALTHCARE.

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

Aug 7, 2019 | Updated on Aug 7, 2019

For the quarter ended June 2019, FORTIS HEALTHCARE has posted a net profit of Rs 752 m (up 221.7% YoY). Sales on the other hand came in at Rs 11 bn (up 9.2% YoY). Read on for a complete analysis of FORTIS HEALTHCARE's quarterly results.

MSTC IPO: Should You Bet on This State-Run E-Commerce Player? (IPO)

Mar 13, 2019

Should you subscribe to the IPO of MSPC Limited?

FORTIS HEALTHCARE 2017-18 Annual Report Analysis (Annual Result Update)

Dec 20, 2018 | Updated on Dec 20, 2018

Here's an analysis of the annual report of FORTIS HEALTHCARE for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of FORTIS HEALTHCARE. Also includes updates on the valuation of FORTIS HEALTHCARE.

More Views on News

Most Popular

The Next Few Days Are Crucial for Smallcap Investors - And 3 Must-Buy Stocks(Profit Hunter)

Feb 19, 2020

While I have been writing about the rebound in smallcaps for quite some time now... I have shied from the question - When exactly is the smallcap rebound happening. Well, the answer is now.

This Smallcap Stock Could be the Next Titan (Up 1,400% in 10 Years)(Profit Hunter)

Feb 11, 2020

A blueprint to latch on to the next 'Crorepati' stock - and an event I hope you won't miss on any account.

Here's Why I Recommended 15 Stocks in One Day Flat(Views On News)

Feb 14, 2020

This proven strategy can give big returns in quick time.

The Top 8 Trading Mistakes You Should Avoid(Fast Profits Daily)

Feb 18, 2020

Avoid these mistakes and your trading will turn much more profitable.

These Rebirth of India Stocks Are Raring to Compete with Tesla(The 5 Minute Wrapup)

Feb 17, 2020

There are Indian stocks which can soar like Tesla in the long-run.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

FORTIS HEALTHCARE SHARE PRICE


Feb 20, 2020 (Close)

TRACK FORTIS HEALTHCARE

  • Track your investment in FORTIS HEALTHCARE with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON FORTIS HEALTHCARE

FORTIS HEALTHCARE 5-YR ANALYSIS

COMPARE FORTIS HEALTHCARE WITH

MARKET STATS