Shares of Medplus Health Services rose 7% on November 13, driven by impressive Q2 earnings. The company’s net profit surged to Rs 38.74 crore, more than double the Rs 14.56 crore posted last year. By 9:32 AM, the stock was trading at Rs 713 on the NSE, with trading volumes tripling the daily average.
Key Financial Highlights:
- Net Profit: Up 166% to Rs 38.74 crore YoY.
- Revenue: Grew 12% YoY to Rs 157.6 crore, with 11% growth in the retail segment.
- EBITDA Margin: Improved to 4.6% from 3.2% in Q2 last year.
Expansion Plans:
Medplus plans to open 600 new stores in tier-2 cities over three years. With 4,552 stores currently, Medplus added 108 new outlets in Q2, including 71 in smaller cities, aiming to strengthen its position just behind Apollo Pharmacy’s 6,000+ stores.
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Source: Moneycontrol
News Desk
