Poly Medicure PAT declines amid high operational expenses, stock jumps 4.7%
Bhagyashree Vivarekar / 10 May 2017
Company posted growth in sales but reported a decline in net profit in the wake of high operating expenses.
Poly Medicure Ltd. reported its results for the quarter ended March, 2017 today.
The company's total sales for Q4FY17 came in at Rs 118.07 crore,which represents a 3.69 per cent sequential increase and 10.55 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs. 13.9 crore and the EBIT margin stood at 11.77 per cent.
The company reported PAT of Rs 13.27 crore, which represents a sequential QoQ decline of 11.77 per cent and a YoY decline of 7.85 per cent.
The company's stock opened at Rs 258.55 on the BSE, rose 4.7 per cent and closed at Rs 258.55 levels ahead of the results. The intra-day high and low were Rs 267.65 and Rs 253.75, respectively.
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