You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Poly Medicure Q2 PAT climbs 23% to Rs 35 cr

Capital Market 

Poly Medicure's consolidated net profit jumped 23.23% to Rs 35 crore on 14.80% increase in revenue from operations to Rs 199.62 crore in Q2 September 2020 over Q2 September 2019.

Profit before tax (PBT) soared 29.60% to Rs 45.97 crore in Q2 September 2020 as against Rs 35.47 crore in Q2 September 2019. Total tax expense for the quarter surged 55.02% to Rs 10.96 crore as against Rs 7.07 crore in Q2 September 2019. The Q2 result was declared during market hours today, 26 October 2020.

Poly Medicure exports plastic medical disposables/surgical devices. It manufactures and supplies approximately 100 types of disposable medical devices in the product verticals of infusion therapy, anesthesia, urology, gastroenterology, blood management and blood collection, surgery and wound drainage, dialysis and central venous access catheters

Shares of Poly Medicure were down 0.65% to Rs 489.95 on BSE. The scrip galloped 156.65% from its 52-week low of Rs 190.90 hit on 25 October 2019.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, October 26 2020. 13:37 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU