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Medico Remedies - Quaterly Results

11 May 2023 Evaluate
Net sales declined -13.28%  to  Rs. 279.91 million from Rs. 322.78 millions.The Net proft of the company remain more or less same to Rs. 17.67  millions from Rs. 18.83 millions ,decline by -6.16%.Operating profit for the quarter ended March 2023 decreased to 32.06 millions as compared to 33.81 millions of corresponding quarter ended March 2022.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 279.91 322.78 -13.28 1404.37 1210.21 16.04 1404.37 1210.21 16.04
Other Income 0.42 7.36 -94.29 39.47 20.29 94.53 39.47 20.29 94.53
PBIDT 32.06 33.81 -5.18 135.67 93.63 44.90 135.67 93.63 44.90
Interest 2.06 1.29 59.69 7.47 6.62 12.84 7.47 6.62 12.84
PBDT 30.00 32.52 -7.75 128.20 87.01 47.34 128.20 87.01 47.34
Depreciation 7.26 8.82 -17.69 27.20 22.18 22.63 27.20 22.18 22.63
PBT 22.74 23.70 -4.05 101.00 64.83 55.79 101.00 64.83 55.79
TAX 5.07 4.87 4.11 28.57 16.71 70.98 28.57 16.71 70.98
Deferred Tax 0.69 -1.08 -163.89 3.62 -1.24 -391.94 3.62 -1.24 -391.94
PAT 17.67 18.83 -6.16 72.43 48.12 50.52 72.43 48.12 50.52
Equity 82.98 82.98 0.00 82.98 165.97 -50.00 82.98 165.97 -50.00
PBIDTM(%) 11.45 10.47 9.35 9.66 7.74 24.87 9.66 7.74 24.87
Peers
Company Name CMP
Sun Pharma. Inds. 1864.00
Dr. Reddys Labs. 1140.80
Cipla 1380.00
Lupin 2075.00
Zydus Lifesciences 1118.00
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