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Fortis Healthcare Q1 revenue falls to ₹134 cr

Fortis Healthcare has reported 69 per cent decline in consolidated web revenue at ₹134 crore for the primary quarter ended June 30, 2022.

The healthcare main had logged a web revenue of ₹431 crore, which included an distinctive acquire of ₹306 crore, in April-June 2021-22.

Revenues within the interval stood at ₹1,488 crore as in contrast with ₹1,410 crore within the year-ago interval, the corporate mentioned in a late night regulatory submitting on Friday.

“With COVID abating, our hospital enterprise has proven a powerful uptrend relative to the diagnostics enterprise which has seen a decline in volumes because of the next Covid-led base in each Q1 and This autumn of FY22,” Fortis Healthcare Chairman Ravi Rajagopal mentioned.

Brownfield enlargement

The corporate continues to additional strengthen the enterprise when it comes to including beds, increasing medical programmes, and onboarding medical expertise, he added.

“Our subsequent section of development could be led by our brownfield enlargement technique which might see round 1,500 beds coming onstream within the subsequent few years, largely in key present Fortis services such because the likes of FMRI, Mohali, Shalimar Bagh, BG Street and Noida,” Rajagopal mentioned.

This coupled with concentrate on digital initiatives in each the medical and non-medical associated facets ought to allow the healthcare  agency to additional fortify its longer-term enterprise prospects, he added.

Revealed on

August 06, 2022

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