Fortis Healthcare Q3 net profit up 58.69 pc to Rs 34.5 cr

Fortis Healthcare today reported a 58.69 per cent jump in net profit for the third quarter ended December 31, 2010, to Rs 34.5 crore.

Fortis Healthcare on Tuesday reported a 58.69 per cent jump in net profit for the third quarter ended December 31, 2010, to Rs 34.5 crore.

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The company had posted a net profit of Rs 21.74 crore for the October-December quarter last fiscal, Fortis Healthcare said in a filing to the Bombay Stock Exchange.

Total income of the company grew to Rs 371.43 crore in the third quarter of FY'11 from Rs 232.48 crore in the corresponding three-month period a year ago, the filing added.

"The company's financial performance in the last quarter has been outstanding and the robust results bear testimony to the ever-growing equity of the Fortis brand," Fortis Healthcare MD Shivinder M Singh said.

Cheering the third quarter numbers, shares of the company climbed 3.6 per cent to Rs 145 in early trade on the BSE on Tuesday.