Fortis Healthcare Limited has announced a successful reduction in its tax demand following a rectification application processed by the Income Tax Authority.
The demand for the assessment year 2024-25 has been lowered from ₹117.04 crore to ₹61.48 crore.
On June 17, 2026, Fortis Healthcare Limited communicated to the National Stock Exchange of India Ltd. and BSE Limited about the successful processing of a rectification application.
This application, filed by Fortis Hospitals Limited, a wholly-owned subsidiary, resulted in a significant reduction in the tax demand.
The Income Tax Authority, through its order dated June 3, 2026, under section 154 read with section 143(3) of the Income Tax Act, 1961, processed the rectification application.
This led to the reduction of the tax demand from ₹117.04 crore to ₹61.48 crore for the assessment year 2024-25.
Read More: TCS Share Price Surges on Partnering with Tottenham Hotspur for Digital Transformation!
Fortis Healthcare Consolidated results reported strong growth for Q4 FY26 with a consolidated total income of ₹2,369.06 crore, up 16.9% year-on-year, and a net profit (PAT) of ₹271.19 crore, representing a 44.2% YoY increase.
For the full fiscal year, the company saw a 16.9% increase in income to ₹9,178.50 crore and a 31.5% surge in annual net profit to ₹1,064.19 crore.
The company has disclosed this information as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The detailed disclosure is provided in Annexure A of the communication.
As of June 17, 2026, at 2:58 PM, Fortis Healthcare share price on NSE was trading at ₹948.85 down by 2.09% from the previous closing price.
Fortis Healthcare Limited successfully reduced its tax demand from ₹117.04 crore to ₹61.48 crore for AY 2024-25 through a rectification application processed by the Income Tax Authority. The company has disclosed this reduction in compliance with SEBI regulations.
Track the stock market in Hindi. Visit Angel One News for the latest market trends, insights, and share market news in Hindi.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jun 17, 2026, 3:50 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
