Prevest DenPro has reported a net profit of Rs 3.59 crore in the third quarter of FY23, an increase of 8 per cent QoQ, the corporate knowledgeable the trade in a regulatory submitting. The firm’s net profit in the September quarter stood at Rs 3.33 crore. The net profit in the October-December quarter of FY22 was Rs 3.75 crore.
The Jammu-based dental merchandise producer’s net gross sales elevated to Rs 12.6 crore throughout the December quarter as in comparison with Rs 11.41 crore throughout the identical quarter a 12 months in the past. In the July-September quarter of FY23, the corporate’s net gross sales stood at Rs 11.44 crore.
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Its whole bills throughout the quarter below evaluation rose to Rs 74.8 crore from Rs 66.6 crore a 12 months in the past interval.
Meanwhile, the corporate’s new R&D centre, arrange at an funding of $1.45 million, has change into operational. The facility is unfold throughout 16,000 sq ft. The firm in 2022 was named among the many 5 prime performing SME corporations listed on BSE in the 12 months 2021-22.
Established by Atul Modi and Namrata Modi in 1999, Prevest DenPro provides merchandise to greater than 80 international locations.
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The stock completed at Rs 334 apiece on BSE on Wednesday. It had yielded a whopping 77 per cent return since itemizing in October 2021, ensuing in wealth achieve for traders. The stock’s 52-week vary is Rs 494.50 – Rs 267. The firm has a market capitalization of Rs 400 crore
