InvestorQ : Why did Max Healthcare slip into a major loss in the Jun-20 quarter?
sarah Leo made post

Why did Max Healthcare slip into a major loss in the Jun-20 quarter?

Answer
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Rashi Mehra answered.
4 weeks ago


Max Healthcare reported a loss of Rs.355 crore in the Jun-20 quarter, largely on account of the COVID-19 pandemic. This is in contrast to a net profit of Rs.9 crore in the corresponding Jun-19 quarter. This was largely driven by over 40% fall in revenues in the quarter.

Max Helathcare will also undertake the issuance of equity shares by way of qualified institutions placement or QIP for an issue size worth Rs.1200 crore. It will also privately place non-convertible debentures for an amount of Rs.550 crore.