Fortis Healthcare Ltd posts consolidated net loss of Rs19.10cr in Q3FY18, vs. net profit of Rs453.29cr in Q3FY17

India Infoline Research Team | March 09, 2018 18:32 IST

leading healthcare provider

Fortis Healthcare Ltd Q3FY18

Consolidated Results Q3FY18: (Rs. in cr)

Q3FY18 YoY (%)
Revenue 1,120.65 [1.1]
EBITDA 51.59 [54.1]
EBITDA Margin (%) 4.6 [531]
Net Profit (adjusted) 19.10 0
***EBITDA margin change is bps


Reco. Price


Last updated on


For Q3FY18, company reported 1% yoy decline in revenue to Rs1,121cr. EBITDA was at Rs51.6cr vs. 112.3cr in Q3FY17. Margins halved from 9.9% in Q3FY17 to 4.6% in Q3FY17. In Q2FY18, EBITDA margins were at 8.9%. Company reported loss of Rs19.1cr and Rs23.6cr in Q3FY18 and Q2FY18 respectively. Overall financial performance does not look good.
  • Hospital business revenue at Rs909cr vs. Rs917cr in Q3FY17 and Rs966cr in Q2FY18.
  • ARPOB stood at Rs1.51cr in 9MFY18 vs. Rs1.45cr in 9MFY17.
  • ALOS was at 3.48 days in 9MFY18 vs. 3.57 days in 9MFY17.
  • Diagnostics business revenue was up 22% yoy to Rs206cr in Q3FY18. In Q2FY18, diagnostic business revenue stood at Rs224cr.
  • The company has confirmed that it is undergoing a SEBI inquiry and has received a notice from RoC.
  • Promoter's shareholding in the company has come down from 34.4% in December 2017 to 0.77% as of March 01, 2018.
  • It is exploring options to raise funds up to Rs5,000cr.
  • Net debt stood at Rs1,339cr and net debt to equity stood at 0.22x by end of Q3FY18.
  • Its auditor has said that it is not able to conclude the review of the quarterly results as it unable to find significant appropriate evidence of the transfer of ICDs, intra-group and related party transaction. The auditor has also said that it cannot evaluate the implication of the legal notice received by the company.
Technical View:

Fortis Healthcare Ltd is currently trading at Rs. 162.25, up by 2.45 points or 1.53% from its previous closing of Rs. 159.80 on the BSE.
The scrip opened at Rs. 159 and has touched a high and low of Rs. 167.40 and Rs. 156.95 respectively. So far 2,18,21,810(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

BSE 155.85 [4.35] ([2.72]%)
NSE 155.90 [4.35] ([2.71]%)

***Note: This is a NSE Chart



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