Fortis Healthcare Limited climbed 3% on 7 August after the hospital and diagnostics major posted a sharp jump in first-quarter revenue.

The company’s consolidated net profit for the quarter stood at Rs 273 crore, up 2.3% from Rs 267 crore in the same quarter last year, while consolidated revenue for the June quarter surged 17.5% year-on-year to Rs 2,545 crore, aided by steady performance across both the hospital and diagnostics segments.

The core hospital arm generated Rs 2,187 crore, up from Rs 1,838 crore a year earlier. Fortis Healthcare credited the rise to higher bed occupancy and a better Average Revenue Per Occupied Bed.

Agilus Diagnostics, the company’s diagnostics unit, added Rs 407 crore in revenue against Rs 369 crore in the year-ago quarter. Margins told a different story.

Operating EBITDA margin slipped slightly to 21.28% as costs crept up. There is no related-party angle to this filing, it’s a standard quarterly disclosure.

MD and CEO Ashutosh Raghuvanshi of the Gurugram-based firm said recent acquisitions are settling in well, with the group continuing to expand robotic surgical systems across its key hospitals.

At 14:20 pm, shares were up by 3.43% at Rs 951.55 on the NSE. The stock is trading well within its 52-week range of Rs 766.80 to Rs 1,104.30, and it has gained 7.64 per cent over the past year.

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