Fortis Healthcare Share Price in Focus; Tax Demand Reduced from ₹117.04 Crore to ₹61.48 Crore for AY 2024-25 

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. 

Details of the Rectification Process 

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. 

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Fortis Healthcare Q4 FY26 Earnings 

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. 

Disclosure to Exchange 

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. 

Fortis Healthcare Share Price Performance  

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.  

Conclusion 

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. 

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