Fortis Healthcare (NSE:FORTIS) Full Year 2024 Results
Key Financial Results
- Revenue: ₹68.9b (up 9.5% from FY 2023).
- Net income: ₹5.99b (up 1.7% from FY 2023).
- Profit margin: 8.7% (down from 9.3% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: ₹7.93 (up from ₹7.80 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fortis Healthcare Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 1.1%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Healthcare industry in India.
Performance of the Indian Healthcare industry.
The company's shares are up 4.1% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Fortis Healthcare's balance sheet and an in-depth analysis of the company's financial position.
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About NSEI:FORTIS
Fortis Healthcare
An integrated healthcare delivery service provider, offers secondary, tertiary, and quaternary care in India.
Solid track record with excellent balance sheet.
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