Geojit Recommends 'Buy' on Fortis Healthcare; Sets Rs 1030 Target

• Geojit Financial Services recommends 'Buy' for Fortis Healthcare with a revised target price of Rs 1,030.
• Fortis Healthcare, an IHH Healthcare Berhad company, is a leading integrated healthcare provider with 33 facilities, 5,800 beds, and 400 diagnostic centers.
• Q2FY26 consolidated revenue grew 17.3% YoY to Rs 2,331 crore, driven by 19.3% growth in hospital business and 7.1% in diagnostics.
• EBITDA increased 29.2% YoY to Rs 579 crore, with margin expanding 230 bps to 24.8% due to operational efficiency and higher occupancy.
• Reported PAT surged 70.3% YoY to Rs 329 crore, and Fortis targets a 25% EBITDA margin in the hospital business.

Why It Matters: Geojit upgrades Fortis Healthcare to 'Buy' with Rs 1,030 target, citing strong growth and outlook.