QMS Medical Allied Services Limited has presented considerable financial performance indicators for the 9 months (9M) and Q3 of FY24. The company involved in the marketing and distribution of medical products has been realizing impressive growth in its key financial indicators.
Key Highlights of QMS’s performance
- Total Income: QMS showed a YoY growth of 23.16%, and the total income has touched Rs 90.18 Cr. This strong growth is all the more due to the good positioning of the company on the market and the good management of distribution channels.
- EBITDA Margin: The company posted a remarkable EBITDA margin improvement of 444 Bps, and its current EBITDA margin is 16.34% This improvement reflects on the operations of the QMS and the management of cost.
- Net Profit: QMS’s net profit increased by 5518% YoY which is reaching Rs 7.46 Cr. From the above results, it is evident that the company has been able to fully harness the available market prospects.
- Earnings Per Share (EPS): This led to an EPS increase of 37.95% YoY, which resulted in reaching Rs 4.18. This positive trend depicts the increase in shareholder value
Expressions of Chairman and Managing Director Mahesh Makhija
The Chairman and the Managing Director Mahesh Makhija assured about the company’s future direction with a significant focus on strategic management. Information on patient services programs and costs related to Q devices reveal that QMS’s investments have paid off. The latest fund infusion by way of convertible equity share warrants and preferential equity shares is likely to give a further boost to growth and development.
Image Source: LinkedIn
Mahesh Makhija, the Chairman and Managing Director commented, “I am pleased to highlight the commendable growth trajectory of QMS Medical Allied Services Limited during the reported period. Our significant increase in financial performance has been driven by a surge in our patient service programs, efforts to widen healthcare access, and our commitment to advancing nationwide well-being.
Our recent acquisition of Saarthi Healthcare Private Limited will play a crucial role in our future & will enable us to provide a highly comprehensive portfolio of services further solidifying our industry position.
We are strategically expanding our healthcare services and reach, positioning ourselves to leverage opportunities within India’s burgeoning pharma and healthcare industry. Our commitment to innovation, patient outcomes, and sustainability will drive our continued success.”
Quotation Source: latestly.com
Conclusion
The improved and sustainable financial performance of QMS Medical Allied Services in FY24 indicates the organization’s core values and strategic direction. The favorable outlook for this company and its ability to grow for an extended period is good for the future.
The financial position of QMS Medical Allied Services has improved greatly and the company’s commitment to expanding its patient services programs and making strategic investments has borne fruit. Of course, it is always important to examine such financial outcomes in light of market conditions and industry indicators.
Image Source: latestly.com
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