Fortis Healthcare Q1 loss at Rs 13.41 crore

Fortis Healthcare Q1 loss at Rs 13.41 croreFortis Healthcare has informed that it has suffered a net loss in the first quarter of the current fiscal year.

The leading healthcare group has announced its first quarter financial results for the fiscal year 2010-11. The company has suffered a consolidated loss of Rs 13.41 crore f for April-June quarter of the fiscal.

For the similar quarter in the last fiscal year, the company had posted a net profit of Rs 7.60 crore. Hence the quarter under review is not that satisfactory for the firm. However, it has managed to register a huge rise in its total income figure.

The total income of the company has been reported to be Rs 337.92 crore during the April-June period of fiscal year 2010. There was a total income of Rs 185.43 crore for the company in the corresponding fiscal year of the financial year 2009-10.

Fortis Healthcare has said this in a filing to the Bombay Stock Exchange. The company has posted a net profit of Rs 27.63 crore on standalone basis against a loss of Rs 1.56 crore for Q1 last year.