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Fortis Healthcare widens Q4 consolidated net loss to Rs 932.02 crore

27 Jun 2018 Evaluate

Fortis Healthcare has reported results for the fourth quarter and year ended March 31, 2018. 

On consolidated basis, the company has reported a net loss of Rs 932.02 crore for the quarter ended March 31, 2018 as compared to net loss of Rs 67.83 crore for the corresponding quarter in the FY17. Total consolidated income of the company declined 4.69% at Rs 1,105.09 crore for quarter under review as compared to Rs 1,159.50 crore for the same quarter ended previous year.

For the year ended March 31, 2018, on the consolidated basis, the company has posted a net loss at Rs 1,009.23 crore as compared to net profit of Rs 421.67 crore for the previous year. Total income of company decreased marginally by 0.83% at Rs 4,700.54 crore for year under review as compared to Rs 4,739.72 crore for year ended March 31, 2017.

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