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Medico Remedies - Quaterly Results

09 May 2024 Evaluate
The sales moved up 47.62% to Rs. 413.23 millions for the March 2024 quarter as compared to Rs. 279.92 millions during the year-ago period.Profit after tax for the quarter ended March 2024 reported a huge growth of 75.38% to Rs. 30.99  millions from Rs. 17.67 millions.Operating profit surged to 52.30 millions from the corresponding previous quarter of 32.06 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Sales 413.23 279.92 47.62 1449.21 1404.37 3.19 1449.21 1404.37 3.19
Other Income 5.84 0.42 1290.48 21.28 39.47 -46.09 21.28 39.47 -46.09
PBIDT 52.30 32.06 63.13 150.38 135.67 10.84 150.38 135.67 10.84
Interest 2.47 2.06 19.90 8.24 7.47 10.31 8.24 7.47 10.31
PBDT 49.83 30.00 66.10 142.14 128.20 10.87 142.14 128.20 10.87
Depreciation 7.38 7.26 1.65 28.79 27.20 5.85 28.79 27.20 5.85
PBT 42.45 22.74 86.68 113.35 101.00 12.23 113.35 101.00 12.23
TAX 11.46 5.07 126.04 30.44 28.57 6.55 30.44 28.57 6.55
Deferred Tax -0.46 0.70 -165.71 -1.22 3.62 -133.70 -1.22 3.62 -133.70
PAT 30.99 17.67 75.38 82.91 72.43 14.47 82.91 72.43 14.47
Equity 82.98 82.98 0.00 82.98 82.98 0.00 82.98 82.98 0.00
PBIDTM(%) 12.66 11.45 10.50 10.38 9.66 7.41 10.38 9.66 7.41
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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