Fortis Healthcare Posts Loss of Rs 46.8 Crore in Q1

New Delhi: Fortis Healthcare on Thursday reported a consolidated net loss of Rs 46.8 crore for the quarter ended June 2014.

The company had posted a net loss of Rs 221.3 crore for the corresponding quarter a year ago.

Consolidated income from operations of the company was at Rs 1,009.4 crore for the quarter under consideration.

It was Rs 1,503.63 crore for the same period a year ago, Fortis Healthcare said in a statement.

"We have had a strong first quarter with a significant improvement in our operating margins," Fortis Healthcare chief executive Aditya Vij said.

"The quality of our earnings has also improved dramatically with a focus on the higher value market segments."

Overall expenses during the quarter stood at Rs 995.91 crore as against Rs 1,461.38 crore in the corresponding quarter a year ago.

Shares in Fortis Healthcare, on Thursday, ended at Rs 114.00 apiece on the BSE, down 0.78 per cent from the previous close.