Poly Medicure has reported robust financial results for Q2 FY24, showcasing significant growth both year-on-year (YoY) and quarter-on-quarter (QoQ). The company’s consolidated revenue and net profit figures have seen a remarkable uptick, driven by strong operational performance.
Key Financial Highlights:
- Revenue: The company’s consolidated revenue for the quarter ended 30 September 2024 stood at ₹420.01 crore, marking an impressive 9.15% YoY growth from ₹384.77 crore in Q2 FY23. Additionally, on a QoQ basis, revenue increased by 9.15%, up from ₹384.77 crore in Q1 FY24.
- Net Profit: Poly Medicure reported a consolidated net profit of ₹87.45 crore for Q2 FY24, a substantial 40.64% YoY growth from ₹62.18 crore in Q2 FY23. The company also witnessed 18.12% QoQ growth in net profit, up from ₹74.03 crore in the previous quarter.
This surge in revenue and profit reflects the company’s continued focus on operational efficiency and its ability to navigate a challenging market environment successfully.
Poly Medicure’s Q2 performance highlights its resilience and strategic approach in growing its business while enhancing profitability. The strong growth in both revenue and profit underscores the company’s efforts to sustain momentum in the medical device sector.
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Poly Medicure