Kumari Palany & Co

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Fortis Malar Q2 net up 99.20 pc at Rs 2.51 cr‎

Posted on: 13/Oct/2011 4:55:50 AM
Fortis Malar Hospitals Ltd., a subsidiary of Fortis Healthcare (India) Ltd., one of Indias leading healthcare service providers with a network of 66 hospitals and a capacity of ~ 10,300 beds, today announced its unaudited results for the quarter ended September 30, 2011.
 
Financial Highlights :
        Fortis Malar Hospitals recorded a revenue of Rs 24.46 Cr during the quarter, a growth of 16.4% compared to the corresponding quarter of the previous year.
        Operating Profit (EBIDTA) for the quarter stood at Rs.3.73 Cr, a growth of 14% compared to the corresponding quarter of last fiscal.
        Net profit after tax (PAT) for the quarter stood at Rs. 2.51 Cr against Rs.1.26 Cr reported during the same period in last fiscal, representing a growth of 99%
        The growth was mainly driven by Cardiac Sciences, Renal Sciences, Gastroenterology sciences and Oncology which grew by 10%, 66%, 15% and 255%, respectively compared to the corresponding period of last fiscal. 
 
Operational Highlights
        During this quarter also the company continued to do various high risk and rare surgeries by its expert medical team.
 A 43 year old lady having Rheumatic heart disease with severe mitrastenosis with mild to moderate TR, Mild MR, Trivial AR, Moderate pulmonary Hypertension. Patient was investigated, diagnosed and treated by our senior cardiologist Dr. K. P. Sureshkumar and Patient underwent Balloon mitral valvotomy surgery which is one of the rarest surgeries.
 A rare surgery was performed on a 40 year old lady for Primary Hyperaldosteronism with hypertension treated by a laparoscopic right adrenalectomy.
 Dr. K. R. Balarkrishnan, Director, Cardiac Sciences and team performed a three and half hour complex open heart surgery on a 23 day old baby and removed Leiomyoma.
        Dr. Soundappan, a renowned Neuro surgeon in the city of Chennai, joined Fortis Malar and strengthened the Neuro Sciences team of the hospital.
        Dr. K.R. Balakrishnan, Director, Cardiac Sciences and Dr. K. A. Abraham, Head, Cardiology have been honored with Lifetime Achievement in the Tamil Nadu State Awards function at Dr. M.G.R Medical University, Chennai.
        Dr.Ayyadhurai, Physiotherapist was honored with the Life Time Achievement Award by the Government of Tamil Nadu in field of Physiotherapy.