Fortis Healthcare shares in focus after revenue, EBITDA rise in Q2 - A look at how its business segments fared
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Fortis Healthcare shares are in focus on Friday, November 6, after the company reported its second quarter results.
- ✓Revenue grew 17.3% to ₹2,734.83 crore, while EBITDA rose 12% to ₹623.19 crore.
- ✓However, net profit fell 3% to ₹312.38 crore.
Story at a Glance
- Category
- MARKET
- Reported By
- cnbctv18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Fortis Healthcare's earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 12% to ₹623.19 crore from ₹556.33 crore in the prior fiscal. However, margins saw some contraction from last year.
Shares of Fortis Healthcare Ltd. are in focus on Friday, November 6, after the company reported its second quarter results after market hours on Thursday.
Net profit for the quarter witnessed a 3% decline during the quarter to ₹312.38 crore from ₹321.96 crore last year.
Revenue for Fortis Healthcare stood at ₹2,734.83 crore, a growth of 17.3% from the ₹2,331.44 crore that it reported in the September quarter last year.
Fortis Healthcare's earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 12% to ₹623.19 crore from ₹556.33 crore in the prior fiscal.
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