Financials Fortis Healthcare Limited

Equities

FORTIS

INE061F01013

Healthcare Facilities & Services

Market Closed - NSE India S.E. Other stock markets 04:35:02 13/02/2026 pm IST			5-day change	1st Jan Change
916.75 ^INR	-1.27%		+7.13%	+3.70%

13/02	Fortis Healthcare Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2025	CI
13/02	Fortis Healthcare Dec-quarter Consol Net Profit 1.97 Billion Rupees	RE

Projected Income Statement: Fortis Healthcare Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	40,301	57,176	62,976	68,929	77,828	91,945	1,08,088	1,23,108
Change	-	41.87%	10.14%	9.45%	12.91%	18.14%	17.56%	13.9%
EBITDA ¹	4,044	10,931	11,013	12,676	15,879	21,265	26,089	30,647
Change	-	170.28%	0.75%	15.1%	25.27%	33.91%	22.69%	17.47%
EBIT ¹	1,138	7,923	7,856	9,251	12,023	17,116	21,760	26,136
Change	-	595.95%	-0.84%	17.76%	29.96%	42.36%	27.13%	20.11%
Interest Paid ¹	-1,659	-1,468	-1,291	-1,310	-1,844	-2,696	-2,478	-1,924
Earnings before Tax (EBT) ¹	432.9	9,878	8,137	8,580	10,070	15,202	19,658	24,555
Change	-	2,181.8%	-17.63%	5.44%	17.37%	50.95%	29.31%	24.91%
Net income ¹	-1,098	5,551	5,887	6,011	7,742	11,203	14,558	18,099
Change	-	605.76%	6.05%	2.1%	28.79%	44.71%	29.94%	24.33%
Announcement Date	29/05/21	25/05/22	23/05/23	23/05/24	20/05/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2
Net sales ¹	6,060	9,947	11,770	12,524	14,103	14,625	14,666	13,781	14,878	16,072	15,599	16,427	16,574	17,700	16,797	17,859	18,589	19,884	19,283	20,072	21,667	22,998	22,530	23,904	26,185	26,843
Change	-	64.16%	18.33%	6.41%	12.6%	3.7%	0.28%	-6.04%	7.96%	8.02%	-2.94%	5.31%	0.9%	6.79%	-5.1%	6.32%	4.09%	6.97%	-3.02%	4.09%	7.95%	6.14%	-2.04%	6.1%	9.54%	2.51%
EBITDA ¹	-1,033	1,200	1,904	1,973	2,752	2,844	2,869	2,276	2,511	3,029	2,764	2,709	2,725	3,302	2,840	3,810	3,425	4,348	3,751	4,355	4,907	5,310	5,058	5,563	6,087	6,665
Change	-	216.18%	58.71%	3.59%	39.52%	3.31%	0.91%	-20.69%	10.34%	20.64%	-8.74%	-2.01%	0.59%	21.18%	-13.99%	34.18%	-10.11%	26.95%	-13.73%	16.09%	12.68%	8.21%	-4.73%	9.99%	9.42%	9.49%
EBIT ¹	-	-	-	1,258	2,023	2,098	2,108	1,503	1,868	2,260	1,937	1,891	1,932	2,460	1,971	2,888	2,515	3,398	2,778	3,332	3,892	4,482	3,698	4,505	5,029	5,607
Change	-	-	-	-	60.88%	3.69%	0.48%	-28.72%	24.32%	20.97%	-14.3%	-2.37%	2.18%	27.34%	-19.91%	46.56%	-12.91%	35.09%	-18.24%	19.96%	16.79%	15.17%	-17.5%	21.83%	11.63%	11.49%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-328	-333.7	-317.2	-	-318.1	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	-	-	-	-	-	-	-	1,763	2,678	1,835	1,817	-	2,327	1,832	2,714	2,300	-	2,794	2,366	3,506	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	51.9%	-31.49%	-0.98%	-	-	-21.3%	48.17%	-15.23%	-	-	-15.33%	48.2%	-	-	-	-	-
Net income ¹	-1,789	-	299	431.7	2,636	-	-	-	1,222	2,044	1,296	1,326	1,118	1,737	1,347	1,789	1,660	1,765	2,479	1,839	2,603	2,782	2,370	-	-	-
Change	-	-	-	44.38%	510.49%	-	-	-	-	67.17%	-36.61%	2.31%	-15.68%	55.44%	-22.48%	32.81%	-7.21%	6.33%	40.49%	-25.82%	41.54%	6.87%	-14.8%	-	-	-
Announcement Date	14/08/20	12/11/20	05/02/21	29/05/21	13/08/21	12/11/21	11/02/22	25/05/22	05/08/22	11/11/22	10/02/23	23/05/23	04/08/23	10/11/23	07/02/24	23/05/24	06/08/24	08/11/24	07/02/25	20/05/25	06/08/25	-	-	-	-	-

¹INR in Million

Estimates

Forecast Balance Sheet: Fortis Healthcare Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	7,308	5,530	3,404	5,566	19,671	17,238	8,972	-5,057
Change	-	-24.33%	-38.44%	63.51%	253.41%	-12.37%	-47.95%	-156.36%
Announcement Date	29/05/21	25/05/22	23/05/23	23/05/24	20/05/25	-	-	-

¹INR in Million

Estimates

Cash Flow Forecast: Fortis Healthcare Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	2,115	1,153	4,472	9,425	8,469	12,623	8,413	8,921
Change	-	-45.51%	287.99%	110.73%	-10.14%	49.05%	-33.35%	6.04%
Free Cash Flow (FCF) ¹	2,740	7,501	3,750	1,576	5,770	6,559	14,123	17,323
Change	-	173.8%	-50.01%	-57.97%	266.09%	13.67%	115.33%	22.65%
Announcement Date	29/05/21	25/05/22	23/05/23	23/05/24	20/05/25	-	-	-

¹INR in Million

Estimates

Forecast Financial Ratios: Fortis Healthcare Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	10.04%	19.12%	17.49%	18.39%	20.4%	23.13%	24.14%	24.89%
EBIT Margin (%)	2.82%	13.86%	12.47%	13.42%	15.45%	18.62%	20.13%	21.23%
EBT Margin (%)	1.07%	17.28%	12.92%	12.45%	12.94%	16.53%	18.19%	19.95%
Net margin (%)	-2.72%	9.71%	9.35%	8.72%	9.95%	12.18%	13.47%	14.7%
FCF margin (%)	6.8%	13.12%	5.95%	2.29%	7.41%	7.13%	13.07%	14.07%
FCF / Net Income (%)	-249.6%	135.13%	63.7%	26.22%	74.53%	58.54%	97.02%	95.71%
Profitability
ROA	-0.98%	4.82%	4.84%	4.67%	5.74%	6.56%	7.46%	9.25%
ROE	-1.72%	9.03%	8.77%	8.07%	9.34%	11.61%	13.51%	14.89%
Financial Health
Leverage (Debt/EBITDA)	1.81x	0.51x	0.31x	0.44x	1.24x	0.81x	0.34x	-
Debt / Free cash flow	2.67x	0.74x	0.91x	3.53x	3.41x	2.63x	0.64x	-
Capital Intensity
CAPEX / Current Assets (%)	5.25%	2.02%	7.1%	13.67%	10.88%	13.73%	7.78%	7.25%
CAPEX / EBITDA (%)	52.3%	10.55%	40.61%	74.35%	53.34%	59.36%	32.25%	29.11%
CAPEX / FCF (%)	77.21%	15.37%	119.26%	597.98%	146.78%	192.46%	59.57%	51.5%
Items per share
Cash flow per share ¹	-	11.46	10.89	14.33	18.86	20.82	26.09	30.47
Change	-	-	-4.93%	31.52%	31.64%	10.39%	25.31%	16.79%
Dividend per Share ¹	-	-	1	1	1	1.324	1.508	1.644
Change	-	-	-	0%	0%	32.4%	13.86%	9.04%
Book Value Per Share ¹	81.06	81.84	95.93	101.5	118.1	132.4	150.6	173.8
Change	-	0.95%	17.22%	5.81%	16.36%	12.11%	13.73%	15.42%
EPS ¹	-1.45	7.35	7.8	7.93	10.26	14.75	19.32	24.1
Change	-	606.9%	6.12%	1.67%	29.38%	43.77%	30.98%	24.71%
Nbr of stocks (in thousands)	7,54,958	7,54,958	7,54,958	7,54,958	7,54,958	7,54,958	7,54,958	7,54,958
Announcement Date	29/05/21	25/05/22	23/05/23	23/05/24	20/05/25	-	-	-