Fortis Healthcare Q2 Results Review - Inline; Scale Up In Hospital Margins Is Key: Prabhudas Lilladher

"BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.Fortis Healthcare Ltd.'s Q2 FY24 hospital Ebitda was in-line with our estimate, led by divestment of Arcot road unit and seasonality. Though hospital margins improved to some extent in Q2, we see further margin improvement in hospital segment aided by-improving case and payor mix,cost rationalisation initiatives anddivestment of non-profitable assets. Our FY24E and FY25E Ebitda broadly remain unchanged. We expect 18% Pre Indian Accounting Standard Ebitda compound annual growth rate over FY23-25E. At current market price, Fortis Healthcare is trading at 19 times enterprise value/Ebitda on FY25E, adjusted for Agilus stake. Maintain ‘Buy’ rating with revised target price of Rs 400/share (Rs 365 earlier); valuing hospital and diagnostic segment at 20 times EV/Ebitda on Sept 2025E. Resolution of legal issues and further monetization of non-profitable assets would be a key additional trigger for re-rating..Click on the attachment to read the full report:.Apollo Hospital Q2 Results Review - Capex Outlay Draws Decent Growth Roadmap: ICICI Securities.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Fortis Healthcare Q2 Results Review - Inline; Scale Up In Hospital Margins Is Key: Prabhudas Lilladher

Reiterated margin guidance at 20% by FY25; with occupancy target of 70%

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

Fortis Healthcare Q2 Results Review - Inline; Scale Up In Hospital Margins Is Key: Prabhudas Lilladher

Reiterated margin guidance at 20% by FY25; with occupancy target of 70%

Choose a plan

Follow Us

DOWNLOAD THE APP