Fortis Malar Hospitals Ltd., a subsidiary of Fortis Healthcare Ltd., today announced its unaudited results for the quarter ended June 30, 2012.
Financial Highlights for the first Quarter (Q1), ended June 30, 2012
Fortis Malar Hospitals recorded an Operating revenue of Rs 24.25 Cr., in Q1 2012, a growth of 10% over the corresponding quarter of the previous year.
Operating Profit (EBIDTA) for the period stood at Rs.3.38 Cr, an increase of 34% as compared to Q1, 2011.
Net profit for Q1, 2012, was at Rs.2.69 Cr against Rs.1.11 Cr reported during the same period last fiscal, representing a growth of 142%.
Growth was mainly driven by better performances of Cardiac sciences, Gynaecology, Gastroenterology, Dialysis and Health checks which grew by 26%, 78%, 38%, 26%, 183%, respectively.
Operational Highlights for Q1, 2012
The hospital organized a large number of onsite camps for Corporates and other institutions in Chennai, for Cardiac, Neurology (spine screening), Urology and General medicine.
Fortis Malar expanded its outreach Corporate healthcare programme, by enrolling a larger number of new Organizations,
International camps were conducted at Nigeria and Kenya to educate patients on affordable treatment options available at Fortis Malar Chennai for several diseases.
Dr. Nithya Ramamoorthy, Senior Consultant – OBG, received the “Best Doctor Award” from Tamilnadu Governor, Mr. K. Rosaiah, at a function held at Dr. M.G.R. Medical University, Chennai.
Corporate Social Responsibility
Playing its part as a good social corporate citizen, Fortis Malar has been involved in activities that contribute to society.
The company is embarking on a programme that will allow it to progressively introduce clean wind energy in place of traditional grid electricity, to supplement its energy needs.
The hospital conducted advanced life support awareness programmes, at the Sishya School, Adyar, Chennai.
Fortis Malar rendered Medical support to the pilgrims and devotees at Anandapadmanaban Swami temple, Adyar, Chennai during its annual festival.
Commenting on the results Aditya Vij, Chairman, Fortis Malar Hospitals Limited, said, “The Company continues to maintain its growth momentum which is a result of the institutionalization of various medical programmes and investments made in upgrading the infrastructure at Malar. It is now being highly regarded for its professional services, especially in the areas of General and Paediatric Cardiology and Neurosciences- with an emphasis on the treatment of difficult conditions such as Epilepsy. Our continuing focus is on improving the quality of healthcare delivery and providing high end tertiary care services to our patients. We remain confident that the coming years will continue to see Fortis Malar as a Hospital of choice, in Southern India, based on its Clinical excellence”.