Fortis Healthcare (India) today reported a consolidated net loss of Rs 12.59 crore for the quarter ended September 30 due to higher interest costs and forex losses. The company had posted a net profit of Rs 74.78 crore for the corresponding period last year,Fortis Healthcare (India) said in a statement. The company's consolidated total income increased by 70.49 per cent to Rs 610.09 crore in the quarter under review from Rs 357.85 crore in the year-ago period,it added. "Interest costs went up during the period due to incremental borrowings and forex movements on FCCBs. This has led to a net loss of Rs 12.6 crore for the quarter," it said. During the quarter,the company's tax expenses increased to Rs 13.04 crore from Rs 3.03 crore in the same period last year,Fortis said. Reacting to the results,the company's shares fell by 3.96 per cent in the late afternoon and were trading at Rs 123.70 apiece on the Bombay Stock Exchange. Company INFO More on Fortis Healthcare Stocks More on Fortis Healthcare
