Fortis Healthcare declines on reporting consolidated net loss of Rs 179 crore in Q1

Fortis Healthcare is currently trading at Rs. 133.90, down by 1.90 points or 1.40% from its previous closing of Rs. 135.80 on the BSE.

The scrip opened at Rs. 135.10 and has touched a high and low of Rs. 136.45 and Rs. 133.45 respectively. So far 49416 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 169.00 on 07-Feb-2020 and a 52 week low of Rs. 113.20 on 26-May-2020.

Last one week high and low of the scrip stood at Rs. 140.75 and Rs. 132.20 respectively. The current market cap of the company is Rs. 10105.11 crore.

The promoters holding in the company stood at 31.17%, while Institutions and Non-Institutions held 50.78% and 18.06% respectively.

Fortis Healthcare has reported a fall of 95.78% in its net profit from continuing operation at Rs 19.90 crore for the quarter ended June 30, 2020 as compared to Rs 472.08 crore for the same quarter in the previous year. Total income of the company decreased by 81.97% at Rs 154.11 crore for Q1FY21 as compared Rs 854.73 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss from continuing operation attributed to owners at Rs 178.92 crore for the quarter ended June 30, 2020 against net profit of Rs 67.81 crore for the same quarter in the previous year. Total income of the company decreased by 47.28% at Rs 610.40 crore for Q1FY21 as compared Rs 1,157.87 crore for the corresponding quarter previous year.

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