Fortis Healthcare Board

Fortis Healthcare Ltd on Wednesday reported a 40 per cent jump in consolidated net profit at Rs 87.03 crore in the fourth quarter ended March 31, 2022. The company had posted a consolidated net profit of Rs 62.36 crore in the same quarter of the previous fiscal, Fortis Healthcare said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 1,378.1 crore as against Rs 1,252,44 crore in the year-ago period, it added. Total expenses in the fourth quarter were higher at Rs 1,264.17 crore as compared to Rs 1,167.29 crore in the corresponding period a year ago. Fortis said it witnessed the impact of the COVID-19 pandemic in the first half of the quarter with occupancies witnessing a downturn. However, given the lesser severity of COVID and low hospitalisations, the business saw recovery towards the end of February and operations returned to normal in the month of March. While January saw an occupancy of 54 per cent, March witnessed a reb

While IHH says Fortis has declined to engage, the latter clarifies no decision yet