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Why did Medplus Health Services Ltd share 16% up today?

by Koushik Gope
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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

FinancialsQ4 FY2023Q3 FY2023% Change
Total Income₹1266.676 crs₹1201.675 crsUp Tick / Down Tick5.41%
Net Profit₹26.582 crs₹13.407 crsUp Tick / Down Tick98.27%
EPS₹2.24₹1.12Up Tick / Down Tick100.00%

Financial Results (Q4 FY2023) – YoY Comparison

FinancialsQ4 FY2023Q4 FY2022% Change
Total Income₹1266.676 crs₹978.955 crsUp Tick / Down Tick29.39%
Net Profit₹26.582 crs₹11.726 crsUp Tick / Down Tick126.69%
EPS₹2.24₹0.98Up Tick / Down Tick128.57%

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.

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