Fortis Malar Hospitals Ltd, a subsidiary of Fortis Healthcare Ltd, recorded a total income of Rs 18.8 crore during the quarter ended June 2010, a growth of 33 per cent compared to the corresponding quarter of the previous year. Operating Profit (EBIDTA) stood at Rs 2.17 crore compared to Rs 2.14 crore. The profit after tax stood at Rs 0.63 Crore.
The quarter was marked by significant activity and this was in great part driven by a strong focus on clinical outcomes and patient care. To this end, the organization continues to invest in its clinical expertise with the addition of several new doctors covering multiple medical specialties. In addition, the work related to the facility renovation has continued and many new dimensions have been added to the infrastructure of the hospital. This includes a new Radiology department with a 64 slice CT Scan as well as the introduction of a new blood bank. With all of this in place, the feedback from patients and attendants is positive and the occupancy numbers continue to be strong.
It should also be noted that the company has tied up with various agencies for increasing International business which has started showing encouraging results.
Commenting on the results, Bhavdeep Singh, chairman, said, “The company has grown over the last two years in a significant manner and similar growth trends should continue for the foreseeable future. This growth has been fueled by investments in new medical programs, renovated infrastructure and a significant improvement in patient care services. This is in line with Fortis’ approach to distinctive patient care. We are confident that the company is well poised for continuing this exciting growth trends and shall form a significant part in Fortis Network growth and healthcare delivery plans in South India.”