{"id":4956,"date":"2024-11-13T10:24:14","date_gmt":"2024-11-13T04:54:14","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=4956"},"modified":"2024-11-13T10:24:16","modified_gmt":"2024-11-13T04:54:16","slug":"medplus-health-shares-jump-7-after-doubling-net-profit-in-q2","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/medplus-health-shares-jump-7-after-doubling-net-profit-in-q2\/","title":{"rendered":"Medplus Health Shares Jump 7% After Doubling Net Profit in Q2"},"content":{"rendered":"\n<p>Shares of Medplus Health Services rose 7% on November 13, driven by impressive Q2 earnings. The company\u2019s 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.<\/p>\n\n\n\n<p><strong>Key Financial Highlights:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Net Profit<\/strong>: Up 166% to Rs 38.74 crore YoY.<\/li>\n\n\n\n<li><strong>Revenue<\/strong>: Grew 12% YoY to Rs 157.6 crore, with 11% growth in the retail segment.<\/li>\n\n\n\n<li><strong>EBITDA Margin<\/strong>: Improved to 4.6% from 3.2% in Q2 last year.<\/li>\n<\/ul>\n\n\n\n<p><strong>Expansion Plans:<\/strong><\/p>\n\n\n\n<p>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\u2019s 6,000+ stores.<\/p>\n\n\n\n<p>Do you have a news tip for Lakshmishree reporters? Please email us at&nbsp;<a>media@lakshmishree.com<\/a><\/p>\n\n\n\n<p><sup><sub>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/medplus-health-shares-surge-7-after-net-profit-doubles-in-q2-12865356.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/medplus-health-shares-surge-7-after-net-profit-doubles-in-q2-12865356.html\" rel=\"noreferrer noopener\">Moneycontrol<\/a><\/sub><\/sup><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Medplus Health Services rose 7% on November 13, driven by impressive Q2 earnings. The company\u2019s 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4957,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[62],"tags":[666],"class_list":["post-4956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-results","tag-medplus-health-shares"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=4956"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4956\/revisions"}],"predecessor-version":[{"id":4958,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4956\/revisions\/4958"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/4957"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=4956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=4956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=4956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}