Fortis Healthcare Q3 PAT seen up 62% at Rs 35 cr

Hospital chain Fortis Healthcare is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its profit after tax (PAT) is expected to go up by 62% to Rs 35 crore as against Rs 21.7 crore in same period the previous year and up from Rs 74.8 crore in previous quarter.

Revenues are seen going up by 67% to Rs 387 crore from Rs 232.5 crore (YoY) and seen up by 8% from Rs 358 crore (QoQ).

Earning before interest, tax, depreciation and amortisation (EBITDA) is likely to go up by 61% at Rs 57 crore from Rs 36 crore (YoY).

Operating profit margin (OPM) is seen declining at 14.7% versus 15.3% (YoY) and adjusted margin of 16.6% in previous quarter.

In Q2FY11, company saw other income of Rs 358 crore from sale of Parkway. (Adjusted OPM for Parkway expenses. Otherwise it is an EBITDA loss of Rs 114 crore)

Watch out for:

-Growth on the topline due to Wockhardt Acquisition
((Wockhardt acquisition was in September 2009, was only reflected for 15 days in Q3FY10))
-Sequential traction due to upsides from the recently commissioned Shalimar Bagh and Kolkata Hosp
-Q2FY11 adjusted Margin was the highest ever reported and analyst exp is a further improvement
-Bottomline could see a Net Interest Income on the back of Cash from Parkway sale accrued last quarter
Alert: Interest was Rs 135 crore in Q2FY11 and 1HFY11 was Rs 206 crore & Q3FY10 was only Rs 6.8 crore