Fortis Healthcare Q1 Profit Rises 57% on Punjab Expansion

Fortis Healthcare reported a robust 57% increase in profit after tax to Rs 260 crore in the first quarter of Fiscal Year 2026, up from Rs 166 crore in the same period last year. The company's revenue rose to Rs 2,167 crore from Rs 1,859 crore, driven by growth in both hospital and diagnostic businesses. Fortis expanded its geographic footprint through an operation and management services agreement with Gleneagles India and the acquisition of Shrimann Superspecialty Hospital in Jalandhar, adding approximately 1,000 beds in the Punjab region. CEO Ashutosh Raghuvanshi highlighted a strong recovery in diagnostics revenues and EBITDA margins, attributing this to recent brand-building initiatives and anticipating continued growth momentum. These results follow a solid fiscal year 2025 performance, where annual revenue and net profit also saw significant increases. Fortis’s strategic moves and financial strength reflect its focus on operational efficiency and shareholder confidence.