Fortis Malar Hospitals Ltd Q2FY24 consolidated loss reduces to Rs. 1.79 crore

Fortis Malar Hospitals Limited has reported Consolidated financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 20.4617 crores during the period ended September 30, 2023 as compared to Rs. 19.3717 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. -1.7934 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. -2.9284 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. -0.96 for the period ended September 30, 2023 as compared to Rs. -1.56 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 20.4617 crs	₹19.3717 crs	5.63%
Net Profit	₹-1.7934 crs	₹-2.9284 crs	38.76%
EPS	₹-0.96	₹-1.56	38.46%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 20.4617 crores during the period ended September 30, 2023 as compared to Rs.24.7990 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.-1.7934 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.-4.3792 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.-0.96 for the period ended September 30, 2023 as compared to Rs.-2.34 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 20.4617 crs	₹24.7990 crs	-17.49%
Net Profit	₹-1.7934 crs	₹-4.3792 crs	59.05%
EPS	₹-0.96	₹-2.34	58.97%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.39.8334 crores during the 6 Months period ended September 30, 2023 as compared to Rs.46.5341 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.-4.7218 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.-7.3419 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.-2.52 for the 6 Months period ended September 30, 2023 as compared to Rs.-3.92 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹39.8334 crs	₹46.5341 crs	-14.40%
Net Profit	₹-4.7218 crs	₹-7.3419 crs	35.69%
EPS	₹-2.52	₹-3.92	35.71%

Shares of Fortis Malar Hospitals Limited was last trading in BSE at Rs. 74.97 as compared to the previous close of Rs. 75.80. The total number of shares traded during the day was 62048 in over 375 trades.

The stock hit an intraday high of Rs. 78.78 and intraday low of 71.10. The net turnover during the day was Rs. 4627707.00.

Source : Equity Bulls

Keywords

FortisMalarHospitals Q2FY24 H1FY24 ResultUpdate