Fortis Healthcare Shows Positive Growth in Q3

Debt to Equity Ratio - Quarterly: Highest at 0.83 in the last five quarters.Company has high debt to equity ratio, indicating higher financial risk.
Interest Coverage Ratio - Quarterly: Lowest at 2.36 in the last five quarters.Company's ability to manage interest payments is declining.

Fortis Healthcare, a leading healthcare services company in the largecap industry, has recently announced its financial results for the quarter ended September 2023. The company has shown a positive growth in its net sales, consolidated net profit, and operating profit (PBDIT) excluding other income, with a quarter-on-quarter growth of 6.79%, 55.44%, and 21.18% respectively. This is a significant improvement from the previous quarter, where the growth was only 0.90%, -15.68%, and 0.59% respectively.

The company's operating profit margin (excluding other income) has also improved from the previous quarter, indicating a positive trend in its financial performance. This has been reflected in the stock call given by MarketsMOJO, which is 'Buy' for Fortis Healthcare.

The company's ability to manage interest payments has also improved, with the operating profit to interest ratio being the highest in the last five quarters. This shows that the company is effectively managing its debt and financial risks.

Fortis Healthcare has also shown a positive trend in its sales, operating profit, and profit before tax (PBT) in the last five quarters. The PBT for the quarter ended September 2023 has grown by 26.1% compared to the average of the previous four quarters. The company has also been consistently distributing higher dividends to its shareholders, with a dividend per share (DPS) of Rs 1.00 in the last five years.

However, there are some areas of concern for Fortis Healthcare, such as its decreasing cash and cash equivalents and high debt to equity ratio. This indicates a need for the company to focus on improving its short-term liquidity and managing its debt.

Overall, Fortis Healthcare has shown a positive financial performance in the quarter ended September 2023, with a score of 10 out of 10 on MarketsMOJO. This is a promising sign for the company and its investors.