'Poly Medicure Limited' out with Results for the Quarter Ended December 31, 2016
Business Wire IndiaPOLY MEDICURE LIMITED, the leading manufacturers of medical devices and disposables under the brand name Polymed announced Financial Results for its Third Quarter and nine months ended December 31, 2016. Mr. Himanshu Baid, MD - Poly Medicure Limited informed, “We have been expanding our penetration in the domestic market and product portfolio rapidly and the positive numbers are a result of it. Timely implementation of saving processes have also helped us beat market expectations and show good numbers.”
“Our exports to Europe have been on the rise and the pipeline also looks quite robust,” added Mr. Baid.
Highlights of the un-audited financial results as compared to the immediate last quarter are:
Highlights of the Results
HIGHLIGHTS OF QUARTER’S PERFORMANCE
- Revenue (turnover) increased by 8.74% to ` 11,594.21 Lacs.
- EBITA margin at 19.87%.
- Profit Before Tax increased by 16.75 % to ` 2,106.28 Lacs.
- Net Profit increased by 21.00% to `1,503.52 Lacs.
CORPORATE HIGHLIGHTS
- The Board of Directors, declared 2nd interim dividend for the financial year 2016-17, of Re. 1.00/- (Rupee One Only) per Equity Share i.e. @20% (Twenty) on equity shares of Rs. 5.00/- each fully paid-up of the Company.
- The Board of Directors, have recommended the issue of bonus shares in the proportion of 1 (One) new equity share of Rs. 5/- each for every 1 (One) existing equity share of Rs. 5/- each fully paid up of the Company, subject to the approval of the shareholders.
About Poly Medicure Limited
Poly Medicure Ltd is a leading manufacturer & exporter of quality Medical Devices with focus on innovation, safety & quality having 4 manufacturing facilities in India, and 1 each in China and Egypt. The Company has set up a new manufacturing unit in Mahindra World City, Jaipur (Rajasthan). Poly Medicure Ltd is one of the fastest growing Medical Devices Company in India and through its R&D initiatives the company has filed approximately 300 International patents worldwide. The company is exporting its products to more than 90 Countries & has a turnover of Rs 395+ Crores.
The Company Started manufacturing operations in 1997. Polymed produces more than 100 different types of medical devices including Safety IV Cannula-Quick Flash IV Cannula-Infusions Sets (DEHP Free & PVC Free)-CVC- Blood Bags-Blood Lines- Haemodialysis Catheter-Thoracic Catheters-Blood Collection Tubes-Needle free extension Lines-Safety Scalp Vein & Safety PSV sets- Vacuum Drainage Bottles-Anesthesia-Urology-Surgery & Wound Drainage-Gastroenterology & Respiratory range of devices and the Products have been well accepted in the global market. The company has successfully implemented a QMS (Quality Management System) which has been accredited by DNV, Norway with ISO 9001:2008, ISO-13485: 2003 and CE - 0434 from DNV, Norway thus making the entire product range compliant with International Quality Standards.
The Company has received Top exporter award (1
st Prize) for highest export of Plastic Medical Disposables for last 4 years - FY 2011-12, 2012-13, 2013-14 & 2014-15 from The Plastics Export Promotion Council. The company has also received Silver Patent Award given by Pharmaceuticals Export Promotion council for Year 2009 – 2010 & 2010-2011 and 2011-2012 and Gold Patent Award given by Pharmaceuticals Export Promotion council for Year 2010 - 2011.
For comprehensive information, please visit
https://www.polymedicure.com/
For more information, contact:-
Reji - +91-9643207462,
mdoffice.delhi@polymedicure.com
