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Highlights
- Sales over the Year and quarter: The company’s sales declined by -73.29 % over the year, decrease in net sales/revenue by -68.61 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -10.66 %, Marginal increase in other income during this quarter, up by 38.58%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Fortis Malar Hospitals Limited. Profit dropped by -873.58 % Year to Year, Fortis Malar Hospitals Limited’s profitability dropped by -1450.24 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -873.19 % Year to Year. EPS decreased by -1447.66 % 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. 20.656 Cr | Rs. 17.581 Cr | Rs. 5.518 Cr | -68.61 % | -73.29 % |
Expenses | Rs. 19.93 Cr | Rs. 18.67 Cr | Rs. 5.03 Cr | -73.06 % | -74.76 % |
Operating Profit | Rs. 0.73 Cr | Rs. -1.09 Cr | Rs. 0.49 Cr | + 144.95 % | -32.88 % |
OPM % | 3.53 % | -6.2 % | 8.88 % | + 15.08 % | + 5.35 % |
Other Income | Rs. 1.97 Cr | Rs. 1.27 Cr | Rs. 1.76 Cr | + 38.58 % | -10.66 % |
Interest | Rs. 1.42 Cr | Rs. 1.26 Cr | Rs. 0.4 Cr | -68.25 % | -71.83 % |
Depreciation | Rs. 3.44 Cr | Rs. 2.91 Cr | Rs. 1.06 Cr | -63.57 % | -69.19 % |
Profit before tax | Rs. -2.16 Cr | Rs. -3.99 Cr | Rs. 0.79 Cr | + 119.8 % | + 136.57 % |
Tax % | -222.13 % | -0.18 % | 7.95 % | + 8.13 % | + 230.08 % |
Net Profit | Rs. -6.99 Cr | Rs. -4 Cr | Rs. 54.05 Cr | + 1451.25 % | + 873.25 % |
EPS in Rs | Rs. -3.73 | Rs. -2.14 | Rs. 28.84 | + 1447.66 % | + 873.19 % |
Today, we’re looking at Fortis Malar Hospitals Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -73.29 %. However, it did see a marginal slip of -68.61 % from the previous quarter. Expenses decreased slightly by -73.06 % quarter-on-quarter, aligning with the annual decline of -74.76 %. Operating profit, while down -32.88 % compared to last year, faced a quarter-on-quarter increase of 144.95 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 5.35 %, but an expansion of 15.08 % sequentially. Other income rose by 38.58 % compared to the last quarter, despite an annual decline of -10.66 %. Interest expenses dropped significantly by -68.25 % from the previous quarter, yet the year-over-year decrease remains at a moderate -71.83 %. Depreciation costs fell by -63.57 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -69.19 %. Profit before tax grew annually by 136.57 % but saw an increase from the preceding quarter by 119.8 %.
Tax expenses as a percentage of profits increased slightly by 230.08 % compared to last year, with a more notable quarter-on-quarter increase of 8.13 %. Net profit rose by 873.25 % year-on-year but experienced a 1451.25 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 873.19 % but a quarterly rise of 1447.66 %. 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. 20.656 Cr | Rs. 17.581 Cr | Rs. 5.518 Cr | -68.61 % | -73.29 % |
Expenses | Rs. 19.93 Cr | Rs. 18.67 Cr | Rs. 5.03 Cr | -73.06 % | -74.76 % |
Operating Profit | Rs. 0.73 Cr | Rs. -1.09 Cr | Rs. 0.49 Cr | + 144.95 % | -32.88 % |
Net Profit | Rs. -6.99 Cr | Rs. -4 Cr | Rs. 54.05 Cr | + 1451.25 % | + 873.25 % |
EPS in Rs | Rs. -3.73 | Rs. -2.14 | Rs. 28.84 | + 1447.66 % | + 873.19 % |
In reviewing Fortis Malar Hospitals Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -73.29 % year-on-year, although there was a slight dip of -68.61 % from the previous quarter. Expenses decreased by -74.76 % compared to the previous year, with a decrease of -73.06 % quarter-on-quarter. Operating Profit dropped by -32.88 % annually, and saw a 144.95 % increase from the last quarter.
Net Profit showed yearly increase of 873.25 %, and experienced a 1451.25 % increase from the previous quarter. Earnings Per Share (EPS) rose by 873.19 % annually, however rose by 1447.66 % compared to the last quarter. In essence, while Fortis Malar Hospitals Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.