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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Income over the Year and quarter: There has been decline in other income over the past year which is -48.36 %, Marginal decrease of -98.61% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Fortis Malar Hospitals Limited. Profit dropped by -97.78 % Year to Year, Fortis Malar Hospitals Limited’s profitability dropped by -100.12 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -98.08 % Year to Year. EPS decreased by -100.1 % 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. 17.761 Cr | Rs. 5.518 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 18.27 Cr | Rs. 5.03 Cr | Rs. 0.89 Cr | -82.31 % | -95.13 % |
| Operating Profit | Rs. -0.51 Cr | Rs. 0.49 Cr | Rs. -0.89 Cr | -281.63 % | -74.51 % |
| OPM % | -2.87 % | 8.88 % | 0 % | -8.88 % | + 2.87 % |
| Other Income | Rs. 1.611 Cr | Rs. 59.69 Cr | Rs. 0.832 Cr | -98.61 % | -48.36 % |
| Interest | Rs. 1.35 Cr | Rs. 0.4 Cr | Rs. 0.01 Cr | -97.5 % | -99.26 % |
| Depreciation | Rs. 2.67 Cr | Rs. 1.06 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. -2.92 Cr | Rs. 58.72 Cr | Rs. -0.07 Cr | -100.12 % | + 97.6 % |
| Tax % | -0.14 % | 7.95 % | -0 % | -7.95 % | + 0.14 % |
| Net Profit | Rs. -2.93 Cr | Rs. 54.05 Cr | Rs. -0.07 Cr | -100.13 % | + 97.61 % |
| EPS in Rs | Rs. -1.56 | Rs. 28.84 | Rs. -0.03 | -100.1 % | + 98.08 % |
Today, we’re looking at Fortis Malar Hospitals Limited’s financial performance for the Q1(Jun 2024).Expenses decreased slightly by -82.31 % quarter-on-quarter, aligning with the annual decline of -95.13 %. Operating profit, while down -74.51 % compared to last year, faced a quarter-on-quarter dip of -281.63 %, 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 2.87 %, but a shrinkage of -8.88 % sequentially. Other income fell by -98.61 % compared to the last quarter, despite an annual decline of -48.36 %. Interest expenses dropped significantly by -97.5 % from the previous quarter, yet the year-over-year decrease remains at a moderate -99.26 %. Profit before tax grew annually by 97.6 % but saw a reduction from the preceding quarter by -100.12 %.
Tax expenses as a percentage of profits increased slightly by 0.14 % compared to last year, with a more notable quarter-on-quarter decrease of -7.95 %. Net profit rose by 97.61 % year-on-year but witnessed a -100.13 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 98.08 % but a quarterly fall of -100.1 %. In summary, Fortis Malar Hospitals 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. 17.761 Cr | Rs. 5.518 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 18.27 Cr | Rs. 5.03 Cr | Rs. 0.89 Cr | -82.31 % | -95.13 % |
| Operating Profit | Rs. -0.51 Cr | Rs. 0.49 Cr | Rs. -0.89 Cr | -281.63 % | -74.51 % |
| Net Profit | Rs. -2.93 Cr | Rs. 54.05 Cr | Rs. -0.07 Cr | -100.13 % | + 97.61 % |
| EPS in Rs | Rs. -1.56 | Rs. 28.84 | Rs. -0.03 | -100.1 % | + 98.08 % |
In reviewing Fortis Malar Hospitals Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses decreased by -95.13 % compared to the previous year, with a decrease of -82.31 % quarter-on-quarter. Operating Profit dropped by -74.51 % annually, and saw a -281.63 % decrease from the last quarter.
Net Profit showed yearly increase of 97.61 %, and experienced a -100.13 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 98.08 % annually, however dipped by -100.1 % compared to the last quarter. In essence, while Fortis Malar Hospitals 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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