Medico Remedies Ltd Q3 FY23 profit at Rs. 2.24 crore

Medico Remedies Ltd has reported Standalone financial results for the period ended December 31, 2022.

Financial Results (Q3 FY2023) - QoQ Comparison

The company has reported total income of Rs. 39.7097 crores during the period ended December 31, 2022 as compared to Rs. 42.0127 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 2.2495 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 2.8682 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 1.36 for the period ended December 31, 2022 as compared to Rs. 1.73 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹39.7097 crs	₹42.0127 crs	-5.48%
Net Profit	₹2.2495 crs	₹2.8682 crs	-21.57%
EPS	₹1.36	₹1.73	-21.39%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.39.7097 crores during the period ended December 31, 2022 as compared to Rs.30.3646 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.2.2495 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.1.0148 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.1.36 for the period ended December 31, 2022 as compared to Rs.0.61 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹39.7097 crs	₹30.3646 crs	30.78%
Net Profit	₹2.2495 crs	₹1.0148 crs	121.67%
EPS	₹1.36	₹0.61	122.95%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.116.4555 crores during the 9 Months period ended December 31, 2022 as compared to Rs.90.0361 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.5.4757 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.2.8509 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.3.30 for the 9 Months period ended December 31, 2022 as compared to Rs.1.72 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹116.4555 crs	₹90.0361 crs	29.34%
Net Profit	₹5.4757 crs	₹2.8509 crs	92.07%
EPS	₹3.30	₹1.72	91.86%

Shares of Medico Remedies Ltd was last trading in BSE at Rs. 312.45 as compared to the previous close of Rs. 311.30. The total number of shares traded during the day was 1499 in over 18 trades.

The stock hit an intraday high of Rs. 313.95 and intraday low of 302.30. The net turnover during the day was Rs. 457136.00.

Source : Equity Bulls

Keywords

MedicoRemedies Q3FY23 9MFY23 ResultUpdate