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FORTIS HEALTHCARE Announces Quarterly Results (4QFY19); Net Profit Up 80.1%

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FORTIS HEALTHCARE Announces Quarterly Results (4QFY19); Net Profit Up 80.1%
Mon, 27 May

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

FORTIS HEALTHCARE Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m10,86411,03311,8427.3%9.0%
Other incomeRs m187432100-76.9%-46.6%
TurnoverRs m11,05111,46511,9424.2%8.1%
ExpensesRs m10,73710,65310,6920.4%-0.4%
Gross profitRs m-8,208-8971,153
DepreciationRs m603601600-0.3%-0.5%
InterestRs m6421,110648-41.6%1.1%
Profit before taxRs m-9,266-2,1754
TaxRs m-92-2041,826
Profit after taxRs m-9,174-1,971-1,821
Gross profit margin%-75.6-8.19.7
Effective tax rate%1.09.441,495.5
Net profit margin%-83.0-17.2-15.3
* 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 grew 9.0% 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 114.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.7% in 4QFY19 as against 75.6% in 4QFY18.
  • Depreciation charges declined by 0.5% and finance costs increased by 1.1% YoY, respectively.
  • Other income declined by 46.6% YoY during the quarter.
  • Net profit for the quarter increased by 80.1% YoY. Net profit margins during the quarter increased from -83.0% in 4QFY18 to -15.3% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.4% QoQ during the same period.
  • The company's operating profit increased by 228.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.7% in 4QFY19 as against 8.1% in 3QFY18.
  • Net profit for the quarter increased by 7.6% QoQ, while net profit margins increased from -17.2% in 3QFY18 to -15.3% in 4QFY19.

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 144.8 to Rs 129.0, registering a Loss of Rs 15.8 or around 10.9%.

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 129.0, the price to book value (P/BV) ratio of FORTIS HEALTHCARE stands at 1.5 times.

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