Fortis Healthcare Limited Earnings Summary — Q4 FY2026
Fortis Healthcare Achieves Robust Revenue Growth in Q4 FY26 Amid Margin Expansion
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 3 consecutive quarters.
- Revenue of ₹2,545 Cr is 17.5% higher year-on-year.
- Revenue has compounded at 17.1% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit of ₹266 Cr is 2.3% above the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 19.4% annualised across the period.
- Operating margin stands at 21.1% in Q1 FY2027.
- Operating margin compressed by 155 bps year-on-year.
- Over the last two years operating margin has expanded by 267 bps.
- PBT margin is 14.3%.
- Expenses grew 19.8% against revenue growth of 17.5%.
- Operating profit of ₹537 Cr is 9.5% higher year-on-year.
- Operating leverage has been under pressure recently.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 68/100 (Healthy) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 2,545 | 2,365 | 2,265 | 2,331 | 2,167 | 2,007 | 1,928 | 1,988 | 1,859 | 1,786 |
| Expenses | Improving | 2,008 | 1,832 | 1,759 | 1,775 | 1,676 | 1,572 | 1,553 | 1,554 | 1,516 | 1,405 |
| Operating Profit | Improving | 537 | 532 | 506 | 556 | 491 | 435 | 375 | 435 | 343 | 381 |
| Operating Margin | Stable | 21.1% | 22.5% | 22.3% | 23.9% | 22.6% | 21.7% | 19.4% | 21.9% | 18.4% | 21.3% |
| Other Income | Volatile | 28 | -2 | -34 | 50 | 31 | -29 | 47 | -42 | 14 | 17 |
| Interest | Improving | 80 | 84 | 86 | 75 | 70 | 68 | 45 | 36 | 35 | 35 |
| Depreciation | Improving | 122 | 122 | 120 | 106 | 101 | 102 | 97 | 95 | 91 | 92 |
| Profit Before Tax | Improving | 363 | 324 | 266 | 425 | 351 | 237 | 279 | 261 | 230 | 271 |
| Tax | Volatile | 90 | 53 | 68 | 97 | 84 | 49 | 25 | 68 | 56 | 68 |
| Net Profit | Improving | 266 | 266 | 194 | 322 | 260 | 184 | 248 | 176 | 166 | 179 |
| Net Margin | Improving | 10.5% | 11.2% | 8.6% | 13.8% | 12.0% | 9.2% | 12.9% | 8.9% | 8.9% | 10.0% |
Key Takeaways
- Revenue grew 17.8% YoY to ₹2,365 Crores, maintaining a steady quarterly growth trajectory.
- Net Profit surged 44% compared to the same quarter last year, reaching ₹271 Crores.
- Operating Profit Margin (OPM) improved to 23%, reflecting effective clinical and cost optimization.
- Borrowings increased significantly to ₹3,473 Crores by the end of Mar 2026, up from ₹2,475 Crores YoY.
- Interest expenses rose to ₹84 Crores in the current quarter, a significant jump from ₹68 Crores in Mar 2025.
- Tax rate fluctuated down to 16% in Q4 FY26, contributing to the healthy Net Profit figure.
- The hospital business continues to benefit from a dual-engine model alongside the Agilus diagnostic chain.
Management Guidance
Management aims to increase bed capacity to over 4,000, focusing on medical value travel and premium healthcare services under IHH stewardship.
Sentiment Shift
Improving
The company has transitioned from governance distress to a high-margin healthcare infrastructure play with consistent profit growth and operational leverage.
Outlook
The outlook remains positive with expectations of continued multi-hundred crore profits and institutional focus on ARPOB expansion through medical tourism and bed capacity growth.
From the Annual Report (Key Quotes)
“Under IHH Healthcare’s stewardship, the management has successfully repaired the company’s reputation.”
“The underlying operational turnaround is one of the most significant in the Indian healthcare sector.”
“There is a clear strategic vision to increase bed capacity to 4,000+ while focusing on 'medical value travel'.”
Official Quarterly Documents
This summary is AI-generated from Fortis Healthcare Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.