Up 113% in 2 years, THIS medical equipment manufacturer posts strong numbers in FY23

Prevest DenPro Limited, a number one manufacturer of dental supplies, has reported 42 per cent enhance in internet revenue in the January-March quarter of economic yr 2022-23 on improved gross sales. The firm clocked internet revenue of Rs 5.10 crore throughout the March quarter in comparison with Rs 3.58 crore in the December quarter. In the January-March interval of FY22, the corporate’s posted a internet revenue of Rs 2.46 crore.

The firm’s whole income throughout the reporting quarter stood at Rs 14.10 crore, up 10 per cent QoQ and round 38 per cent YoY.

The whole bills got here in at Rs 8.32 crore in the quarter as in opposition to Rs 7.48 crore in December quarter and Rs 6.57 crore in the corresponding quarter final fiscal. The earnings per share for the quarter underneath assessment grew 42 per cent to Rs 4.26.

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Financial Results (Year Ended FY2023) – YoY Comparison 

The firm has reported whole revenue of Rs.51.9 crores throughout the Financial Year ended March 31, 2023 as in comparison with Rs.39.7 crores throughout the Financial Year ended March 31, 2022.

The firm has posted internet revenue of Rs.15.7 crores for the Financial Year ended March 31, 2023 as in opposition to internet revenue of Rs.11.5 crores for the Financial Year ended March 31, 2022.

The firm has reported EPS of Rs.13.09 for the Financial Year ended March 31, 2023 as in comparison with Rs.9.64 for the Financial Year ended March 31, 2022.

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Meanwhile, shares of Prevest DenPro settled round 8 per cent larger on Thursday at Rs 358. The firm has a market cap of Rs 429.7 crore. Prevest Denpro is a Jammu-based dental supplies manufacturer. The firm is primarily engaged in the enterprise of producing a complete portfolio of dental supplies. 

The inventory bought listed on the BSE SME platform in September 2021. It yielded a whopping 115 % premium over the problem value of Rs 84 on debut.

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