Fortis Healthcare Q4 net loss widens to Rs 914 crore

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

business Updated: Jun 27, 2018 13:43 IST
Press Trust of India
Press Trust of India
Press Trust of India, New Delhi
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A Fortis hospital building is pictured in New Delhi, India, May 6, 2018. REUTERS/Adnan Abidi(REUTERS File Photo)

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

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

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

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

Consolidated income from operations of the company stood at Rs 4,560.81 crore for the fiscal, from Rs 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.

First Published: Jun 27, 2018 13:43 IST