Poly Medicure Results For Half-Year Ended September 30, 2019

Poly Medicure Limited today announced Financial Results for its H1 FY 19-20 ended September 30, 2019. Highlights of the unaudited financial results as compared to the previous half year are:

Highlights of Quarterly Performance Q2 18-19 Vs Q2 19-20:

• Revenue increase by 11.51% from Rs. 15085.66 lacs to Rs. 16823.42 lacs
• EBIDTA increase by 17.95% from Rs. 3861.14 lacs to Rs. 4554.54 lacs
• Profit After tax increased by 86.87% from Rs. 1446.04 lacs to Rs. 2702.24 lacs

Highlights of Half Year Performance H1 18-19 Vs H1 19-20:

• Revenue increase by 13.73 % from Rs. 28555.67 lacs to Rs. 32476.69 lacs
• EBIDTA increase by 18.08% from Rs. 7323.34 lacs to Rs. 8647.91 lacs
• Profit After tax increased by 68.10% from Rs. 2808.08 lacs to Rs. 4720.59 lacs

The Company has enhanced its focus on India Business due to increased healthcare activities because of implementation of Aayushman Bharat. Almost 18000 hospitals have empaneled under Ayushman Bharat.

The Company Welcomes Ministry of Health’s recent notification to regulate all medical devices.  This will bring all medical devices under Regulatory environment. This is a positive for the industry as it enhances patient safety and standards.-MB Bureau