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Fortis Healthcare rose 1.61% to Rs 170.10 after the company s consolidated net profit stood at Rs 53.88 crore in Q3 December 2020 as against net loss of Rs 69.32 crore in Q3 December 2019.
On a consolidated basis, net sales rose 0.7% to Rs 1177.03 crore in Q3 FY21 from Rs 1168.92 crore in Q3 FY20. Profit before tax (PBT) soared 114.2% to Rs 103.13 crore in Q3 December 2020 as against Rs 48.14 crore in Q3 December 2019. Tax expense for the quarter tanked 58.1% to Rs 49.25 crore as against Rs 117.46 crore in Q3 December 2019. EBITDA grew 23.9% to Rs 200.60 crore in Q3 FY21 over Q3 FY20.
In Q3FY21, hospital business revenues were reported at Rs 906.80 crore versus Rs 953.50 crore in Q3FY20. As compared to Q2FY21 revenues grew 21.5%. The hospital business EBITDA was at Rs 138.7 crore versus Rs 133.8 crore in Q3FY20 (15.3% margin versus 14.0%). EBITDA increased 64% compared to Q2FY21.