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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 15.34 % in the past year, substantial increase in net sales/revenue by 8.43 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 15.78 %. Marginal decrease of -45.15% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Fortis Healthcare Limited. Notable increase of 108.31 % in net profit Year to Year, Fortis Healthcare Limited’s profitability dropped by -60.73 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 111.76 % Year to Year. EPS decreased by -60 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 289.07 Cr | Rs. 307.48 Cr | Rs. 333.4 Cr | + 8.43 % | + 15.34 % |
| Expenses | Rs. 253.91 Cr | Rs. 238.18 Cr | Rs. 275.46 Cr | + 15.65 % | + 8.49 % |
| Operating Profit | Rs. 35.16 Cr | Rs. 69.3 Cr | Rs. 57.94 Cr | -16.39 % | + 64.79 % |
| OPM % | 12.16 % | 22.54 % | 17.38 % | -5.16 % | + 5.22 % |
| Other Income | Rs. 30.6 Cr | Rs. 64.6 Cr | Rs. 35.43 Cr | -45.15 % | + 15.78 % |
| Interest | Rs. 23.3 Cr | Rs. 18.44 Cr | Rs. 16.84 Cr | -8.68 % | -27.73 % |
| Depreciation | Rs. 24.8 Cr | Rs. 25.85 Cr | Rs. 26.03 Cr | + 0.7 % | + 4.96 % |
| Profit before tax | Rs. 17.66 Cr | Rs. 89.61 Cr | Rs. 50.5 Cr | -43.64 % | + 185.96 % |
| Tax % | 27.07 % | 23.75 % | 46.87 % | + 23.12 % | + 19.8 % |
| Net Profit | Rs. 12.88 Cr | Rs. 68.33 Cr | Rs. 26.83 Cr | -60.73 % | + 108.31 % |
| EPS in Rs | Rs. 0.17 | Rs. 0.9 | Rs. 0.36 | -60 % | + 111.76 % |
Today, we’re looking at Fortis Healthcare Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 15.34 %. However, it did see a marginal increase of 8.43 % from the previous quarter. Expenses ticked up slightly by 15.65 % quarter-on-quarter, aligning with the annual rise of 8.49 %. Operating profit, while up 64.79 % compared to last year, faced a quarter-on-quarter dip of -16.39 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 5.22 %, but a shrinkage of -5.16 % sequentially. Other income fell by -45.15 % compared to the last quarter, despite an annual growth of 15.78 %. Interest expenses dropped significantly by -8.68 % from the previous quarter, yet the year-over-year decrease remains at a moderate -27.73 %. Depreciation costs climbed by 0.7 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 4.96 %. Profit before tax grew annually by 185.96 % but saw a reduction from the preceding quarter by -43.64 %.
Tax expenses as a percentage of profits increased slightly by 19.8 % compared to last year, with a more notable quarter-on-quarter increase of 23.12 %. Net profit rose by 108.31 % year-on-year but witnessed a -60.73 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 111.76 % but a quarterly fall of -60 %. In summary, Fortis Healthcare Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 289.07 Cr | Rs. 307.48 Cr | Rs. 333.4 Cr | + 8.43 % | + 15.34 % |
| Expenses | Rs. 253.91 Cr | Rs. 238.18 Cr | Rs. 275.46 Cr | + 15.65 % | + 8.49 % |
| Operating Profit | Rs. 35.16 Cr | Rs. 69.3 Cr | Rs. 57.94 Cr | -16.39 % | + 64.79 % |
| Net Profit | Rs. 12.88 Cr | Rs. 68.33 Cr | Rs. 26.83 Cr | -60.73 % | + 108.31 % |
| EPS in Rs | Rs. 0.17 | Rs. 0.9 | Rs. 0.36 | -60 % | + 111.76 % |
In reviewing Fortis Healthcare Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 15.34 % year-on-year growth, however, there was a minor increase of 8.43 % from the previous quarter. Expenses rose by 8.49 % compared to the previous year, with a 15.65 % increase quarter-on-quarter. Operating Profit surged by 64.79 % annually, and saw a -16.39 % decrease from the last quarter.
Net Profit showed yearly increase of 108.31 %, and experienced a -60.73 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 111.76 % annually, however dipped by -60 % compared to the last quarter. In essence, while Fortis Healthcare Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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