Fortis Healthcare Reports Q3 FY24-25 Results with Mixed Profitability and Liquidity Trends

Fortis Healthcare has recently reported its financial results for the third quarter of FY24-25, revealing a mix of positive and challenging trends. The company's Profit After Tax (PAT) reached Rs 226.24 crore, marking the highest figure in the last five quarters and reflecting a growth of 30.8% compared to the average PAT of the previous four quarters. This upward trend in profitability is complemented by an increase in Earnings per Share (EPS), which also hit a five-quarter high at Rs 3.28, indicating enhanced earnings for shareholders.
On the liquidity front, Fortis Healthcare reported its highest cash and cash equivalents at Rs 600.89 crore over the last six half-yearly periods, suggesting an improvement in short-term liquidity. However, the company faces challenges as well. The Operating Profit to Interest ratio has reached its lowest point in five quarters at 8.31 times, indicating difficulties in managing interest payments. Additionally, interest expenses have surged to Rs 45.16 crore, the highest in five quarters, reflecting increased borrowings. The Debtors Turnover Ratio has also declined, suggesting a slower pace in settling debts.

In light of these developments, Fortis Healthcare has experienced an adjustment in its evaluation.

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