Auditor raises red flag over Fortis results amid ongoing investigations

After delaying its results for the second and third quarters of 2017-18, Fortis Healthcare finally declared its numbers late on Wednesday, but with no comment from the auditors. 

The company’s auditor, Deloitte, refused to comment on the quarterly results, in view of the ongoing investigations by various regulatory bodies, including the Securities and Exchange Board of India (Sebi) and the Registrar of Companies (RoC). 

Fortis reported a net loss of Rs 236.1 million for the quarter ended September 30, compared with a profit of Rs 382.4 million a year ago. For the December quarter, it reported a net loss of Rs 191