Fortis Healthcare Q4 net loss widens to ₹914 crore

“Net profit for the year [was] negatively impacted by continuing business challenges, impairments and provisions,” Fortis Healthcare said.

Beleaguered Fortis Healthcare on Wednesday reported a widening of its consolidated net loss to ₹914.32 crore for the fourth quarter ended March 2018, mainly on account of continuing business challenges.

A Fortis hospital building is pictured in New Delhi, India, May 6, 2018. REUTERS/Adnan Abidi (REUTERS File Photo)

The company had posted a net loss of ₹37.52 crore for the corresponding period of the previous fiscal, Fortis Healthcare said in a BSE filing.

Consolidated income from operations stood at ₹1,086.38 crore for the quarter under consideration. It was ₹1,123.43 crore for the same period a year ago.

For the fiscal year ended March, the company posted a net loss of ₹934.42 crore. It was ₹479.29 crore for the previous fiscal year.

Consolidated income from operations of the company stood at ₹4,560.81 crore for the fiscal, from ₹4,573.71 crore in 2016-17.

“Net profit for the year [was] negatively impacted by continuing business challenges, impairments and provisions,” Fortis Healthcare said.