Malar Hospitals Ltd. (Malar Hospitals), a part of Fortis group of hospitals, has recorded an all time high in revenues for the second quarter with Rs 15.3 crore as operating profits jumped by 120 per cent.

The company registered higher revenues for the 18th consecutive month and the operating profits stood at Rs 2.24 crore for the quarter ending on September 30, according to a release.

“Profit after tax (PAT) continued its surge, recording 160 per cent jump over corresponding quarter at Rs 0.92 crore against Rs 0.32 crore in the corresponding quarter, last fiscal. The renal transplant programme has gained momentum in the course of Q2 after being restructured. The overall growth was led by neurology and renal sciences which grew 72 per cent and 43 per cent respectively over the trailing quarter,” the release said.

For the half year period, it netted a revenue of Rs 29.5 crore, registering a jump of 127 per cent over the corresponding period, last fiscal. Ebidta (operating profit) during the period doubles to at Rs 4.4 crore against Rs 2.07 crore while profit after tax went up by 143 per cent to Rs 1.8 crore this time, compared to Rs 0.7 crore during the six month period ended September 30, 2008.

Commenting on the results, Bhavdeep Singh,, CEO, Fortis Healthcare Limited, said, “The robust growth in revenues and profits reported by Malar marks a significant turnaround. We believe that with improved medical programme and renovated infrastructure and services, it is well poised for notable growth in future. We are confident that the coming years will see Malar emerging as a stronger healthcare delivery player in Southern India.”