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Poly Medicure Q2 profit jumps 87% to Rs 27 Cr
DTMT Network
NEW DELHI: Medical devices maker Poly Medicure has reported a net profit increase by 86.87% from Rs 14.86 Crores in the same quarter in the previous year to Rs 27.02 Crores in quarter ending September 2019.
Revenue has increased by 11.51% from Rs 150.58 Crores to Rs 168.23 Crores. EBIDTA increased by 17.95% from Rs. 38.61 crores to 45.54 crores, Poly Medicure said.
The company has reported EPS of Rs.3.22 for the period ended September 30, 2019, as compared to Rs.2.24 for the period ended June 30, 2019.
Mr Himanshu Baid, MD, Poly Medicure, told DTMT, “The Company has enhanced its focus on India Business due to increased healthcare activities because of implementation of Ayushman Bharat by Government of India.’
He stated, “The Company welcomes Ministry of Health’s recent notification to regulate all medical devices. This will bring all medical devices under regulatory environment; a positive for the industry as it enhances patient safety and standards”
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