Strong quarterly results: Medplus reported strong quarterly results on May 25, 2023. The company’s revenue grew by 35% year-on-year to Rs 1,260 crore, while its net profit grew by 40% year-on-year to Rs 100 crore.
Financial Results (Q4 FY2023) – QoQ Comparison
|Financials||Q4 FY2023||Q3 FY2023||% Change|
|Total Income||₹1266.676 crs||₹1201.675 crs||5.41%|
|Net Profit||₹26.582 crs||₹13.407 crs||98.27%|
Financial Results (Q4 FY2023) – YoY Comparison
|Financials||Q4 FY2023||Q4 FY2022||% Change|
|Total Income||₹1266.676 crs||₹978.955 crs||29.39%|
|Net Profit||₹26.582 crs||₹11.726 crs||126.69%|
Positive outlook: Medplus management gave a positive outlook for the future. The company expects to continue to grow its revenue and profit at a healthy pace in the coming quarters.
Investor sentiment: Overall, investor sentiment towards the Indian stock market has been positive in recent weeks. This has led to a rally in many stocks, including Medplus.
It is important to note that the stock market is volatile and share prices can go up and down for a variety of reasons. Investors should always do their own research before investing in any stock.